BTIG Reiterates Buy Rating on RWT with $6 Price Target
BTIG maintains its optimistic outlook on RWT, setting a $6 target, a 13.85% upside from the current price.
Key Points
- BTIG reiterated its buy rating on RWT, setting a $6 price target on June 17, 2026.
- BTIG's $6 price target implies 13.85% upside from Redwood Trust, Inc.'s ($RWT) current $5.27 share price.
- RWT shares currently trade at $5.27, with significant institutional activity in recent months.
- BlackRock and Wellington Management reduced their RWT holdings, while Mirae Asset increased its stake.
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BTIG has reiterated its buy rating on RWT, setting a price target of $6. This reaffirmation came on June 17, 2026, as the firm continues to see potential in the stock. Shares of RWT are currently trading around $5.27.
Other Institutional Activity in RWT
Several large institutional investors have adjusted their positions in RWT recently. BlackRock, Inc. reduced its holdings by 511,500 shares, leaving it with 20,158,829 shares valued at about $113.1 million. Wellington Management Group LLP also cut its stake by 4,054,514 shares, ending with 11,046,498 shares worth approximately $61.97 million. On the other hand, Mirae Asset Global ETFs Holdings Ltd. increased its position by 844,190 shares, bringing its total to 3,154,344 shares valued at $17.7 million.
Insider Buying and Selling at Redwood Trust, Inc.
Insider activity at RWT on May 26, 2026, included some buying and selling. Douglas Hansen bought 20,729 shares at an average price of $5.28. Meanwhile, Faith Schwartz and Debora Horvath each sold 20,729 shares, though the transaction price wasn't disclosed.
Analysts Set New Price Targets
On June 17, 2026, BTIG maintained its buy rating on RWT with a $6 price target. Piper Sandler also maintained a hold rating with a $6.5 target on April 30, 2026, while Jones Trading kept its buy rating with a $6.25 target on the same day. The consensus among analysts is a buy recommendation, with a mean target price of around $6.25.
Bottom Line
BTIG's reaffirmation of its buy rating and $6 target highlights continued confidence in RWT's potential. The stock's current trading price and recent institutional adjustments suggest active interest in its future performance. Investors often track such analyst ratings and institutional moves as part of their broader market analysis.
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