Yesterday, a Director at Redwood Trust, Jeffrey Pero, exercised options of Redwood Trust (NYSE: RWT) for $85.01K.
This recent transaction increases Jeffrey Pero’s holding in the company by 10.33% to a total of $909.9K. In addition to Jeffrey Pero, 5 other RWT executives reported Buy trades in the last month.
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Based on Redwood Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $88.32 million and quarterly net profit of $45.41 million. In comparison, last year the company earned revenue of $79.76 million and had a net profit of $36 million. RWT’s market cap is $1.26B and the company has a P/E ratio of 9.83. Currently, Redwood Trust has an average volume of 400K.
Eight different firms, including B.Riley FBR and Deutsche Bank, currently also have a Buy rating on the stock.
The insider sentiment on Redwood Trust has been positive according to 11 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments: Residential Mortgage Banking, Investment Portfolio, and Corporate and Other.
