Stock Rating Downgrade
The Value Trend Rating for Redwood Trust Inc. (NYSE: RWT) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Redwood Trust Inc. (NYSE: RWT) stock declined slightly by -0.3% on 5/3/24. The stock closed at $6.34. However, trading volume in this decline was below average at 71% of normal. The stock has been weak relative to the market over the last nine months but has risen 11.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RWT is expected to continue to be a Value Builder.
Redwood Trust has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Redwood Trust has a good Appreciation Score of 78 but a very low Power Rating of 7, triggering the Negative Value Trend Rating.
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