Redwood Trust, Inc. (RWT) Has Multiple Bottom Chart Pattern Trading At $15.38

April 20, 2018 - By Robert Judd

Redwood Trust, Inc. (NYSE:RWT) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.02. That’s change of 0.07, from 2017Q3’s 0.95. 18 investors sold all, 42 reduced holdings as Redwood Trust, Inc. ratio is positive. 42 increased positions while 19 funds took positions. Funds hold 62.66 million shares thus 1.32% less from 2017Q3’s 63.50 million shares.
Wealthtrust has invested 0% in Redwood Trust, Inc. (NYSE:RWT). Fmr Ltd invested 0% in Redwood Trust, Inc. (NYSE:RWT). 3,859 are held by Royal Natl Bank Of Canada. Gsa Capital Prtn Llp stated it has 63,866 shs. Parametric Portfolio Assocs Limited Liability Com reported 218,586 shs stake. Rmb Cap Limited Co holds 511,849 shs or 0.2% of its capital. Mackenzie Financial owns 35,805 shs or 0% of their US capital. Citigroup has 663,818 shs. Aperio Group Limited holds 0% of its capital in Redwood Trust, Inc. (NYSE:RWT) for 15,343 shs. Morgan Stanley invested in 329,013 shs or 0% of the stock. Legal & General Grp Inc Public Ltd has 0% invested in Redwood Trust, Inc. (NYSE:RWT). Renaissance Tech Ltd Liability Company holds 1.23 million shs. Dreman Value Mngmt L L C reported 12,695 shs. Tower Research (Trc) owns 1,049 shs. Tortoise Invest Mgmt reported 200 shs stake.

With $14.92 price target Redwood Trust, Inc. (RWT) formed a multiple bottoms technical setup. That’s 3.00 % below today’s $15.38 stock price. On Apr, 20 the multiple bottoms technical setup was announced by The company’s valuation will be $34.92M less at $14.92 price target.

The stock decreased 0.13% or $0.02 during the last trading session, touching $15.38.Currently Redwood Trust, Inc. is downtrending after 7.30% change in last April 20, 2017. RWT has also 28,646 shares volume. RWT underperformed the S&P 500 by 18.85%.

On May, 3. Investors expect Redwood Trust, Inc. (NYSE:RWT) to announce its quarterly earnings, according to Zacks. Last year’s earnings per share was $0.36, while now analysts expect change of 2.78 % down from current $0.35 earnings per share. If earnings per share of $0.35 is announced the profit of RWT could reach $26.49 million giving it 10.99 P/E. Wall Street predicts 0.00 % EPS growth as of May, 3.

Redwood Trust, Inc. (NYSE:RWT) Ratings Coverage

In total 2 analysts cover Redwood Trust (NYSE:RWT). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. (NYSE:RWT) has 100% bullish analysts. 2 are the (NYSE:RWT)’s ratings reports on Apr 20, 2018 according to StockzIntelligence Inc. The stock rating was upgraded by Wood to “Outperform” on Friday, December 8. In Wednesday, November 8 report Deutsche Bank maintained it with “Buy” rating and $17 target.

Redwood Trust, Inc. (NYSE:RWT) Institutional Investors Chart

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