Wedbush initiated coverage on Redwood Trust with a new price target
$RWT
Real Estate Investment Trusts
Real Estate
Wedbush initiated coverage of Redwood Trust with a rating of Outperform and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | Outperform → Neutral | Wedbush | |
| 12/6/2023 | $9.00 | Buy | UBS |
| 12/5/2023 | $8.50 | Neutral → Buy | BTIG Research |
| 6/15/2023 | $7.00 | Overweight → Neutral | Piper Sandler |
| 10/5/2022 | $9.00 | Outperform | Wedbush |
| 8/31/2022 | Buy → Neutral | BTIG Research | |
| 5/13/2022 | $11.50 | Overweight | JP Morgan |
| 2/28/2022 | $16.00 → $14.00 | Outperform | Credit Suisse |
CoreVest American Finance Lender, LLC ("CoreVest"), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. ("Redwood"), is pleased to announce the promotion of Fred Matera to Chief Executive Officer. A tenured leader at Redwood, Fred has served as CoreVest's Co-Head for the last year and has been an integral part of Redwood's leadership team since 2019. In his new role, Fred will continue to report to Dash Robinson, Redwood's President. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031081671/en/Fred Matera Promoted to Chief Executive Officer of CoreVest (Photo: Business Wire) As
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood's mission of making quality housing – whether rented or owned – accessible to all American households. Abhinav Asthana joins the company as Chief Technology Officer, effective November 1st. With a distinguished track record of driving progress in mortgage technology, Abhinav will lead the Company's efforts to enhance its product offerings through an expansion of its digital capabil
Redwood Trust, Inc. (NYSE:RWT, ", Redwood", , the ", Company", )), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2024. Key Q3 2024 Financial Results and Metrics GAAP book value per common share was $8.74 at September 30, 2024, relative to $8.73 per share at June 30, 2024 Economic return on book value of 2.1% for the third quarter and 6.8% year to date 2024(1) GAAP net income available to common stockholders of $13.1 million or $0.09 per basic and diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $25.2 million or $0.18 per basic common share(2) Recourse lever
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JMP Securities analyst Steven Delaney maintains Redwood Trust (NYSE:RWT) with a Market Outperform and raises the price target from $8 to $8.5.
Throughout the last three months, 6 analysts have evaluated Redwood Trust (NYSE:RWT), offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 2 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $7.29, a high estimate of $8.00, and a low estimate of $6.50. A negative shift in sentiment is evident as analysts have
JP Morgan analyst Richard Shane maintains Redwood Trust (NYSE:RWT) with a Overweight and raises the price target from $7 to $7.5.
CoreVest American Finance Lender, LLC ("CoreVest"), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. ("Redwood"), is pleased to announce the promotion of Fred Matera to Chief Executive Officer. A tenured leader at Redwood, Fred has served as CoreVest's Co-Head for the last year and has been an integral part of Redwood's leadership team since 2019. In his new role, Fred will continue to report to Dash Robinson, Redwood's President. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031081671/en/Fred Matera Promoted to Chief Executive Officer of CoreVest (Photo: Business Wire) As
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood's mission of making quality housing – whether rented or owned – accessible to all American households. Abhinav Asthana joins the company as Chief Technology Officer, effective November 1st. With a distinguished track record of driving progress in mortgage technology, Abhinav will lead the Company's efforts to enhance its product offerings through an expansion of its digital capabil
Redwood Trust, Inc. (NYSE:RWT, ", Redwood", , the ", Company", )), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2024. Key Q3 2024 Financial Results and Metrics GAAP book value per common share was $8.74 at September 30, 2024, relative to $8.73 per share at June 30, 2024 Economic return on book value of 2.1% for the third quarter and 6.8% year to date 2024(1) GAAP net income available to common stockholders of $13.1 million or $0.09 per basic and diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $25.2 million or $0.18 per basic common share(2) Recourse lever
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Redwood Trust, Inc. (NYSE:RWT, "Redwood", or the "Company"))), a leader in expanding access to housing for homebuyers and renters, today announced that Doneene K. Damon has been appointed to its Board of Directors (the "Board"). Ms. Damon joined the Board effective November 2, 2023. "We are pleased to welcome Doneene to the Board as an independent director," said Greg Kubicek, Chair of Redwood's Board of Directors. "Doneene brings more than three decades of experience as a trusted advisor to corporate clients, an extensive background in both traditional and innovative structured finance and capital markets transactions, and significant leadership experience across a variety of private sec
Fred Matera Named Chief Investment Officer Planned CoreVest Leadership Transition to be Completed on Third Anniversary of Acquisition Redwood Trust, Inc. (NYSE:RWT) ("Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced changes to its leadership team as part of a strategic evolution of its organizational structure. Fred Matera, Redwood's current Head of Residential, will assume the role of Chief Investment Officer of Redwood, overseeing centralized investment, capital markets and distribution functions across the Company's investment portfolio and Business Purpose Lending and Residential Mortgage Banking businesses. In addition,
Navidea Biopharmaceuticals, Inc. (NYSE:NAVB) ("Navidea" or the "Company"), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced the appointment of Thomas Forest Farb-Horch and Agnieszka Winkler to its Board of Directors, effective October 7, 2021, each with a three-year term ending concurrently with the Company's 2024 annual stockholders' meeting. Thomas Forest Farb-Horch has over three decades of experience as an investor in and senior executive of numerous life science and information technology companies both in the U.S. and internationally. Mr. Farb has served as the Chief Executive Officer, President, co-founder and director
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Wedbush downgraded Redwood Trust from Outperform to Neutral
UBS initiated coverage of Redwood Trust with a rating of Buy and set a new price target of $9.00
BTIG Research upgraded Redwood Trust from Neutral to Buy and set a new price target of $8.50