Citizens cuts Redwood Trust stock price target to $4 on valuation
Citizens reduced its price target for Redwood Trust (RWT) to $4.00 from $6.00, citing a revised price-to-book ratio of 0.58x. The stock trades at $2.95, near its 52-week low. RWT reported Q2 2026 revenue of $56M, missing estimates of $93.94M. UBS and Keefe Bruyette also lowered their targets but maintained positive ratings. RWT offers a 24.41% dividend yield and has paid dividends for 32 years.
