BTIG Reiterates Buy Rating for Redwood Trust, Inc.
BTIG maintains a buy rating on Redwood Trust, Inc. with a $6 price target.
Key Points
- BTIG reiterated its buy rating on Redwood Trust, Inc. (RWT) on June 17, 2026, with a price target of $6.
- Redwood Trust shares traded at $5.27, with a market cap of approximately $642.4 million and a forward P/E of 5.04.
- Recent insider trades include Douglas Hansen's purchase of 20,729 shares at $5.28 on May 26, 2026.
On June 17, 2026, BTIG reiterated its buy rating for Redwood Trust, Inc. (NYSE: RWT), setting a price target of $6. Analyst Douglas Harter maintains a positive outlook on the real estate investment trust, which specializes in mortgage banking.
What Changed in BTIG's Redwood Trust, Inc. Position
BTIG's analyst Douglas Harter has maintained the buy rating for Redwood Trust, Inc., keeping the price target at $6. This reflects continued confidence in the company's performance in the mortgage REIT sector.
Other Institutional Activity in Redwood Trust, Inc.
BlackRock, Inc. reduced its holdings by 511,500 shares, ending with 20,158,829 shares valued at about $113.1 million. Wellington Management Group LLP also cut its position by 4,054,514 shares, holding 11,046,498 shares worth $61.9 million. Vanguard Capital Management LLC initiated a new position with 5,707,290 shares valued at $32 million. Meanwhile, Mirae Asset Global ETFs Holdings Ltd. increased its stake by 844,190 shares, reaching 3,154,344 shares worth $17.7 million.
Redwood Trust, Inc. Stock Snapshot
Shares of NYSE:RWT traded near $5.27. Redwood Trust has a market cap of approximately $642.4 million and a forward P/E ratio of 5.04. The stock has a 52-week low of $5.00 and a high of $6.97. Its 50-day moving average is $5.50, while the 200-day moving average stands at $5.65. The company has a high current ratio of 72.29 and a quick ratio of 61.92, but a high debt-to-equity ratio of 2656.17.
Recent Earnings
Redwood Trust reported revenue of $167.5 million, with a decline of 13.4% in revenue growth. The company recorded a net margin of -54.7% and a return on equity of -8.6%. The next earnings report is scheduled for July 29, 2026.
Dividend
Redwood Trust pays an annual dividend rate of $0.72, yielding 13.66%. The dividend payout ratio stands at 328.57%.
Insider Buying and Selling at Redwood Trust, Inc.
On May 26, 2026, Douglas Hansen purchased 20,729 shares at an average price of $5.28. On the same day, Faith Schwartz and Debora Horvath both sold 20,729 shares, though the price was not disclosed.
Analysts Set New Price Targets
On June 17, 2026, BTIG maintained its buy rating with a $6 price target. Piper Sandler previously maintained a hold rating with a $6.50 target on April 30, 2026. Jones Trading also maintained a buy rating with a $6.25 target. The consensus target price among analysts is approximately $6.97, based on eight analyst opinions.
About Redwood Trust, Inc.
Redwood Trust, Inc. operates as a specialty finance company in the U.S., focusing on mortgage banking. It runs through segments like Sequoia Mortgage Banking and CoreVest Mortgage Banking. The company, headquartered in Mill Valley, California, is led by CEO Christopher J. Abate and employs 351 people.
Bottom Line
BTIG's reiteration of a buy rating for Redwood Trust, Inc. suggests confidence in the company's strategy and market position. Investors often track these analyst ratings to gauge market sentiment. It's important to remember that this rating reflects BTIG's view as of June 17, 2026, and may not indicate future performance.
See Also
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