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 is currently trading down about 1% midday Friday.