Cantor Fitzgerald Upgrades Redwood Trust (RWT) to Buy; Management Visit - Proactive Moves at Already-Leading Franchise

Cantor Fitzgerald upgraded Redwood Trust (NYSE: RWT) to Buy, price target lowered from $17.75 to $13.50.

Cantor analyst says, "We expect Redwood to be able to fund its growing pipeline and retained subordinate RMBS without having to raise equity anytime soon, by utilizing a warehouse line, securitizing its mezzanine commercial real estate loans, and selling its remaining senior RMBS. This should suffice until there is a break-out, probably some time in 2012. With a proven business model and an emerging environment seemingly suited for that business model, we believe that Redwood deserves to trade at least in line with peers."

For more ratings news on Redwood Trust click here and for the rating history of Redwood Trust click here.

Shares of Redwood Trust closed at $12.39 yesterday.

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