Key Insights:
- Redwood Trust maintains its quarterly dividend at $0.18 per share, yielding a forward rate of 12.37%.
- Analysts predict a potential upside of 26.72% with a one-year average target price of $7.38.
- Overall brokerage consensus rates Redwood Trust as "Outperform" with a score of 2.3.
Redwood Trust Inc. (RWT) continues to attract investors with its consistent dividend strategy, having announced a quarterly dividend of $0.18 per share. This steady payout results in a forward yield of an impressive 12.37%. Shareholders who are registered by June 23 will receive the dividend on June 30. Notably, the ex-dividend date aligns with June 23, making it an essential mark for investors.
Analysts' Price Target and Projections
Examining the projections provided by eight analysts, Redwood Trust Inc. is expected to reach an average price target of $7.38 within a year. The forecasts vary, with a high of $8.50 and a low of $7.00, suggesting a significant potential upside of 26.72% from its recent trading price of $5.82. Investors can explore more detailed forecast data on the Redwood Trust Inc (RWT, Financial) Forecast page.
Brokerage Recommendations
The investment community holds a favorable view of Redwood Trust, with nine brokerage firms contributing to a consensus recommendation of 2.3, classifying the stock under the "Outperform" category. This recommendation is part of a scale where a rating of 1 indicates a "Strong Buy" and 5 represents a "Sell."
For investors seeking a reliable dividend-paying stock with promising growth forecasts, Redwood Trust Inc. presents an intriguing opportunity. Its solid yield, combined with positive analyst outlooks, positions it as a noteworthy contender in the investment landscape.
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