Analyst Favorites With Strong Buyback Activity: Redwood Trust Ranks As a Top Pick

A study of analyst recommendations at the major brokerages shows that Redwood Trust Inc (Symbol: RWT) is the #97 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.

According to the ETF Finder at ETF Channel, RWT makes up 2.97% of the iShares Mortgage Real Estate Capped ETF ( REM ) which is trading lower by about 0.9% on the day Friday.

RWT operates in the REITs sector, among companies like American Tower Corp ( AMT ) which is up about 1.3% today, and Simon Property Group, Inc. ( SPG ) trading higher by about 0.6%. Below is a three month price history chart comparing the stock performance of RWT, versus AMT and SPG.

RWT,AMT,SPG Relative Performance Chart

RWT is currently trading down about 1% midday Friday.

Top Analyst Picks With Strong Stock Buyback Activity ยป

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