Citizens JMP analyst Steven DeLaney lowered the firm’s price target on Redwood Trust (RWT) to $7.50 from $8 and keeps an Outperform rating on the shares. The firm is adjusting price targets on several agency-focused mortgage REITs and hybrid/credit mortgage REITs ahead of the residential mortgage REIT Q1 earnings season kicking off before the market open on Monday, April 21.
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Read More on RWT:
- Redwood Trust price target lowered to $5.50 from $6.50 at JPMorgan
- Redwood Declares Q1 2025 Dividends for Shareholders
- Reputation and IP Challenges: Redwood Trust’s Financial and Operational Risks
- Redwood Trust files automatic mixed securities shelf
- Redwood Trust price target lowered to $7.75 from $8.25 at Keefe Bruyette