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Redwood Trust Reports Quarterly Earnings Miss Amid Mixed Analyst Ratings
Redwood Trust posted first‑quarter earnings of $0.15 per share, falling short of the consensus estimate of $0.23 by $0.08. The REIT also declared a quarterly dividend of $0.18 per share, payable to shareholders of record on June 23.
Analyst coverage remained mixed. BTIG Research reiterated a "Buy" rating and set a $6.00 price target. JPMorgan Chase & Co. lowered its target from $6.50 to $6.00 while assigning an "overweight" rating. Citizens JMP cut its target from $7.00 to $6.00 and gave a "market outperform" rating. Zacks Research downgraded the stock from "hold" to "strong sell." Despite these moves, the overall consensus rating stays at "Hold" with an average price target of $6.11.
Entities
BTIG Research · Citizens JMP · JPMorgan Chase & Co. · Redwood Trust · Zacks Research
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] BTIG Research reiterated a “Buy” rating for Redwood Trust with a $6.00 price target.
- [● 2 SOURCES] Citizens JMP lowered its price target on Redwood Trust from $7.00 to $6.00 and set a “market outperform” rating.
- [○ 1 SOURCE] Zacks Research downgraded Redwood Trust from a “hold” rating to a “strong sell” rating.
- [○ 1 SOURCE] Redwood Trust reported earnings per share of $0.15 for the quarter.
- [● 2 SOURCES] JPMorgan Chase & Co. lowered its price target on Redwood Trust from $6.50 to $6.00 and set an “overweight” rating.
- [○ 1 SOURCE] Redwood Trust paid a quarterly dividend of $0.18 per share, with an ex‑dividend date of June 23.
- [○ 1 SOURCE] The consensus EPS estimate was $0.23, so Redwood Trust missed by $0.08.
- [● 2 SOURCES] The consensus rating for Redwood Trust is “Hold” with an average price target of $6.11.