Redwood Trust Inc (RWT): Mariann H Byerwalter , director of Redwood Trust Inc sold 9,759 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $13.27 per share for a total value of $129,501.93 , 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, Christopher J Abate (CFO, Executive Vice President) sold 7,622 shares at $12.79 per share price.On May 3, 2016, Richard Baum (director) sold 3,903 shares at $12.79 per share price.Also, On May 3, 2016, Fred Matera (officer ) sold 1,844 shares at $12.79 per share price.On May 3, 2016, Andrew P Stone (officer ) sold 12,250 shares at $12.79 per share price.
Redwood Trust: On Monday, May 16, 2016 heightened volatility was witnessed in Redwood Trust which led to swings in the share price. The shares opened for trading at $13.27 and hit $13.58 on the upside , eventually ending the session at $13.47, with a gain of 1.20% or 0.16 points. The heightened volatility saw the trading volume jump to 3,56,341 shares. The 52-week high of the share price is $17.02 and the company has a market cap of $1,037 M . The 52-week low of the share price is at $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.