NEW YORK ( TheStreet) -- Redwood (NYSE: RWT) is trading at unusually high volume Wednesday with 2.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 31 cents (-2.5%) at $12.24 as of 3:32 p.m. ET.

Redwood has a market cap of $925.6 million and is part of the financial sector and real estate industry. Shares are down 15.9% year to date as of the close of trading on Tuesday.

Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities. The company has a P/E ratio of 15.5, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Redwood as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Redwood Ratings Report.

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