Investors in Redwood Trust (RWT -3.5%) take profits and maybe create a buying opportunity after...

|About: Redwood Trust Inc (RWT)|By:, SA News Editor

Investors in Redwood Trust (RWT -3.5%) take profits and maybe create a buying opportunity after the company blows past earnings estimates. In its shareholder letter (no earnings call), management states a goal of $7B in jumbo loans acquired and securitized in 2013 (did $2.3B in 2012). Deutsche bumps its price target to $25.50 from $20.50.