Wells Fargo reiterated coverage on Redwood Trust with a new price target
$RWT
Real Estate Investment Trusts
Real Estate
Wells Fargo reiterated coverage of Redwood Trust with a rating of Equal-Weight and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $8.00 → $7.00 | Overweight → Neutral | 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 |
Expansion of Aspire's investment mandate Update of Redwood's Sequoia brand Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, is pleased to announce updates to its residential consumer operating platforms that reflect the Company's continued commitment to innovation and growth in housing finance. First, Redwood is expanding the mandate of its home equity platform, Aspire, to include a set of alternative loan products that complement its existing home equity offerings. The broadened mandate is designed to meet growing consumer demand for flexible financing solutions in a period of continued headwinds to overa
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the "Board") has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a fourth quarter 2024 regular common stock dividend of $0.18 per share, a 5.9% increase from the third quarter of 2024. This marks the Company's 102nd consecutive quarterly common dividend and 2nd consecutive quarter of common dividend increases. The fourth quarter 2024 common stock dividend is payable on December 30, 2024 to stockholders of record on December 23, 2024
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
Analyst downgraded Redwood Trust from Overweight to Neutral and set a new price target of $7.00 from $8.00 previously
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
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the "Notes"). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, subject to the satisfaction of certain closing conditions. Redwood intends to apply to list the Notes on the New York Stock Exchange under the symbol "RWTP" and, if the application is approved, trading of the Notes on the New York Stock
Expansion of Aspire's investment mandate Update of Redwood's Sequoia brand Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, is pleased to announce updates to its residential consumer operating platforms that reflect the Company's continued commitment to innovation and growth in housing finance. First, Redwood is expanding the mandate of its home equity platform, Aspire, to include a set of alternative loan products that complement its existing home equity offerings. The broadened mandate is designed to meet growing consumer demand for flexible financing solutions in a period of continued headwinds to overa
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company")), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the "Board") has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a fourth quarter 2024 regular common stock dividend of $0.18 per share, a 5.9% increase from the third quarter of 2024. This marks the Company's 102nd consecutive quarterly common dividend and 2nd consecutive quarter of common dividend increases. The fourth quarter 2024 common stock dividend is payable on December 30, 2024 to stockholders of record on December 23, 2024
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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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