|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||8.05 - 8.28|
|52 Week Range||2.14 - 18.01|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.56 (6.90%)|
|Ex-Dividend Date||Sep 21, 2020|
|1y Target Est||N/A|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […]
The period from March through June was an incredible challenge for the mortgage real estate investment trusts (REITs). The COVID-19 crisis upended financial markets, particularly in mortgage-backed securities. The markets seized up and became illiquid, forcing just about every mortgage REIT to sell assets at a loss in order to meet margin calls from bankers.
Shares of mortgage-focused real estate investment trust (REIT) Redwood Trust (NYSE: RWT) rose as much as 11% on Aug 11. The big driver was an analyst call out by Raymond James. Redwood Trust belongs to a niche of the REIT sector that invests in mortgages and mortgage securities instead of owning physical properties, like more traditional REITs.