Redwood traded at $6.16 this Friday February 20th, decreasing $0.10 or 1.60 percent since the previous trading session. Looking back, over the last four weeks, Redwood lost 8.07 percent. Over the last 12 months, its price fell by 4.35 percent. Looking ahead, we forecast Redwood to be priced at 5.97 by the end of this quarter and at 5.43 in one year, according to Trading Economics global macro models projections and analysts expectations.
Redwood Trust, Inc. is a specialty finance company, which is focused on several distinct areas of housing credit. The Company delivers customizes housing credit investments to a diverse mix of investors, through its platforms; whole-loan distribution activities; and its publicly traded shares. The Company operates through three segments. Residential Lending segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization or transfer into its investment portfolio, as well as the investments it retains from these activities. Business Purpose Lending segment consists of a platform that originates and acquires business purpose loans for subsequent securitization or transfer into its investment portfolio, as well as the investments it retains from these activities. Third-Party Investments segment consists of investments in residential mortgage-backed securities (RMBS) issued by third parties.