Jefferies (NYSE:JEF) analyst Ryan Carr maintained a Buy rating on Redwood (NYSE:RWT) Trust on Wednesday, setting a price target of $16, which is approximately 18.78% above the present share price of $13.47.
Carr expects Redwood Trust to post earnings per share (EPS) of $0.75 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Redwood, with an average price target of $15.43.
The analysts price targets range from a high of $16.5 to a low of $14.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $140.3 million and a net profit of $0. The company's market cap is $1.54 billion.
According to TipRanks.com, Jefferies analyst Ryan Carr is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.6% and a 52.50% success rate.
Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments: Investment Portfolio and Mortgage Banking. The Investment Portfolio segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations, as well as RMBS issued by third parties and other credit risk-related investments. The Mortgage Banking segment consists of operating a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.