Why Redwood Trust Stock Jumped as Much as 11% on August 11

Why Redwood Trust Stock Jumped as Much as 11% on August 11

Shares of mortgage-focused real estate investment trust (REIT) Redwood Trust (NYSE: RWT) rose as much as 11% on Aug 11. The big driver was an analyst call out by Raymond James. Redwood Trust belongs to a niche of the REIT sector that invests in mortgages and mortgage securities instead of owning physical properties, like more traditional REITs.