|Bid||12.66 x 1400|
|Ask||12.98 x 1800|
|Day's Range||12.74 - 13.04|
|52 Week Range||7.26 - 13.11|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||4.15|
|Earnings Date||Oct. 27, 2021 - Nov. 01, 2021|
|Forward Dividend & Yield||0.84 (6.48%)|
|Ex-Dividend Date||Sep. 22, 2021|
|1y Target Est||14.54|
Redwood Trust (RWT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
It's hard to really like the mortgage real estate investment trust (mREIT) sector right now. The Federal Reserve is about to begin trimming its purchases of mortgage-backed securities, and that will be a headwind for the entire sector. The first one is New Residential (NYSE: NRZ), and the second is Redwood Trust (NYSE: RWT).
Wall Street has entered a troublesome stretch and an array of factors are impacting the market. Thus, it's wise to invest in dividend players like Vector Group (VGR) & Redwood Trust (RWT) now.