Citizens JMP analyst Steven DeLaney has adjusted the price target for Redwood Trust (RWT, Financial), lowering it from $8 to $7.50. Despite this revision, the analyst maintains an Outperform rating on the company's shares. This update is part of a broader reevaluation of several agency-focused and hybrid/credit mortgage REITs. The adjustments come as the sector prepares for the upcoming residential mortgage REIT first-quarter earnings season, which is set to commence before the market opens on Monday, April 21.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Redwood Trust Inc (RWT, Financial) is $7.86 with a high estimate of $9.50 and a low estimate of $6.50. The average target implies an upside of 48.04% from the current price of $5.31. More detailed estimate data can be found on the Redwood Trust Inc (RWT) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Redwood Trust Inc's (RWT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Redwood Trust Inc (RWT, Financial) in one year is $4.61, suggesting a downside of 13.18% from the current price of $5.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Redwood Trust Inc (RWT) Summary page.
