Redwood Trust Inc (RWT): Fred Matera , officer of Redwood Trust Inc sold 1,844 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $12.79 per share for a total value of $23,584.76 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Andrew P Stone (officer ) sold 12,250 shares at $12.79 per share price.On May 3, 2016, Brett D Nicholas (President) sold 5,786 shares at $12.79 per share price.Also, On Mar 2, 2016, Martin S Hughes (CEO) purchased 20,000 shares at $12.06 per share price.On Mar 2, 2016, Greg H Kubicek (director) purchased 5,000 shares at $12.06 per share price.
Shares of Redwood Trust (RWT) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -1.08% at $12.82 with 3,48,810 shares getting traded. Post opening the session at $12.96, the shares hit an intraday low of $12.67 and an intraday high of $13.08 and the price vacillated in this range throughout the day. The company has a market cap of $990 M and the number of outstanding shares has been calculated to be 7,72,52,837 shares. The 52-week high of Redwood Trust is $17.205 and the 52-week low is $9.26.
Company has been under the radar of several Street Analysts.Redwood Trust is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 18 from a previous price target of $20 . The Rating was issued on Mar 14, 2016.Redwood Trust is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 15 from a previous price target of $20 . The Rating was issued on Feb 29, 2016.
Redwood Trust Inc. (Redwood) is a real estate investment trust (REIT). The company focuses on investing in mortgage and other real estate-related assets. The Company is engaged in residential and commercial mortgage banking activities. It invests in real estate-related assets that generate income through the Company’s residential and commercial mortgage banking activities. It operates in three segments: residential mortgage banking residential investments and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for sale securitization or transfer to its investment portfolio. Its residential investments segment includes investments in residential mortgage-backed securities. Its commercial mortgage banking and investments segment consists of commercial mortgage banking operations and its portfolio of commercial real estate loans.