Redwood (NYSE: RWT) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $22.05 as of 9:36 a.m. ET, the dividend yield is 5.2%. The average volume for Redwood has been 817,800 shares per day over the past 30 days. Redwood has a market cap of $1.8 billion and is part of the real estate industry. Shares are up 29.8% year to date as of the close of trading on Monday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. Redwood Trust, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in investing, financing, and managing real estate assets. The company has a P/E ratio of 13.50. Currently there are 4 analysts that rate Redwood a buy, 1 analyst rates it a sell, and 2 rate it a hold. TheStreet Ratings rates Redwood as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's revenue growth has not been good. You can view the full Redwood Ratings Report now.
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