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DOW   37,914.86 (+0.37%)
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MSFT   399.46 (-1.19%)
META   480.21 (-4.30%)
GOOGL   153.68 (-1.49%)
AMZN   173.91 (-2.96%)
TSLA   147.04 (-1.93%)
NVDA   771.66 (-8.86%)
AMD   145.95 (-5.89%)
NIO   3.81 (-4.75%)
BABA   69.04 (+0.23%)
T   16.51 (+1.10%)
F   12.08 (+0.17%)
MU   106.25 (-5.07%)
GE   148.23 (-3.08%)
CGC   7.96 (+1.66%)
DIS   112.17 (-0.23%)
AMC   3.18 (+8.90%)
PFE   25.93 (+2.13%)
PYPL   61.76 (-0.55%)
XOM   119.81 (+1.09%)
S&P 500   4,960.48 (-1.01%)
DOW   37,914.86 (+0.37%)
QQQ   414.27 (-2.16%)
AAPL   164.93 (-1.26%)
MSFT   399.46 (-1.19%)
META   480.21 (-4.30%)
GOOGL   153.68 (-1.49%)
AMZN   173.91 (-2.96%)
TSLA   147.04 (-1.93%)
NVDA   771.66 (-8.86%)
AMD   145.95 (-5.89%)
NIO   3.81 (-4.75%)
BABA   69.04 (+0.23%)
T   16.51 (+1.10%)
F   12.08 (+0.17%)
MU   106.25 (-5.07%)
GE   148.23 (-3.08%)
CGC   7.96 (+1.66%)
DIS   112.17 (-0.23%)
AMC   3.18 (+8.90%)
PFE   25.93 (+2.13%)
PYPL   61.76 (-0.55%)
XOM   119.81 (+1.09%)
S&P 500   4,960.48 (-1.01%)
DOW   37,914.86 (+0.37%)
QQQ   414.27 (-2.16%)
AAPL   164.93 (-1.26%)
MSFT   399.46 (-1.19%)
META   480.21 (-4.30%)
GOOGL   153.68 (-1.49%)
AMZN   173.91 (-2.96%)
TSLA   147.04 (-1.93%)
NVDA   771.66 (-8.86%)
AMD   145.95 (-5.89%)
NIO   3.81 (-4.75%)
BABA   69.04 (+0.23%)
T   16.51 (+1.10%)
F   12.08 (+0.17%)
MU   106.25 (-5.07%)
GE   148.23 (-3.08%)
CGC   7.96 (+1.66%)
DIS   112.17 (-0.23%)
AMC   3.18 (+8.90%)
PFE   25.93 (+2.13%)
PYPL   61.76 (-0.55%)
XOM   119.81 (+1.09%)

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
CoreCivic, Inc. stock logo
CXW
CoreCivic
$14.66
-0.3%
$15.03
$7.84
$16.24
$1.64B0.81905,001 shs226,322 shs
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$8.82
+0.5%
$9.38
$7.33
$9.99
$1.86B1.61.69 million shs914,816 shs
The GEO Group, Inc. stock logo
GEO
The GEO Group
$14.54
-1.6%
$13.24
$6.94
$16.31
$1.85B0.622.70 million shs1.53 million shs
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$12.26
+1.4%
$12.71
$10.98
$15.16
$1.56B1.421.21 million shs382,179 shs
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
$5.65
+0.4%
$6.17
$5.45
$8.30
$743.43M1.481.47 million shs338,233 shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
CoreCivic, Inc. stock logo
CXW
CoreCivic
-1.08%-6.49%-0.14%+6.60%+60.31%
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
0.00%-7.19%-7.09%-9.02%+6.55%
The GEO Group, Inc. stock logo
GEO
The GEO Group
-1.47%-5.74%+12.83%+35.13%+84.63%
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
+0.92%-1.79%-3.82%-13.64%-8.55%
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
+2.18%-3.34%-7.92%-18.86%-17.38%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
CoreCivic, Inc. stock logo
CXW
CoreCivic
4.1895 of 5 stars
3.54.00.00.03.22.53.1
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
1.9921 of 5 stars
2.23.02.50.02.30.01.9
The GEO Group, Inc. stock logo
GEO
The GEO Group
3.2483 of 5 stars
2.52.00.00.03.92.53.1
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
3.1566 of 5 stars
2.15.02.50.02.41.71.9
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
4.28 of 5 stars
4.43.01.70.02.41.72.5

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
CoreCivic, Inc. stock logo
CXW
CoreCivic
3.00
Buy$19.0029.60% Upside
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
2.40
Hold$10.3016.78% Upside
The GEO Group, Inc. stock logo
GEO
The GEO Group
3.00
Buy$18.0023.80% Upside
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
2.25
Hold$14.7520.31% Upside
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
2.75
Moderate Buy$7.6435.20% Upside

Current Analyst Ratings

Latest DRH, RWT, ROIC, CXW, and GEO Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
4/18/2024
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingMarket Outperform ➝ Market Outperform$8.00
4/11/2024
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOutperform ➝ Neutral$8.00 ➝ $6.50
4/10/2024
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetOutperform ➝ Outperform$7.75 ➝ $7.25
4/10/2024
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingMarket Outperform ➝ Market Outperform$8.00
4/8/2024
CoreCivic, Inc. stock logo
CXW
CoreCivic
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$18.00 ➝ $19.00
4/8/2024
The GEO Group, Inc. stock logo
GEO
The GEO Group
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$15.00 ➝ $22.00
4/5/2024
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingNeutral ➝ Underperform$14.50 ➝ $12.00
3/26/2024
CoreCivic, Inc. stock logo
CXW
CoreCivic
Northland Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$17.00 ➝ $19.00
3/21/2024
CoreCivic, Inc. stock logo
CXW
CoreCivic
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOutperform ➝ Outperform$18.00
3/21/2024
The GEO Group, Inc. stock logo
GEO
The GEO Group
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOutperform ➝ Outperform$15.00
3/14/2024
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetHold ➝ Hold$10.00 ➝ $11.00
(Data available from 4/19/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
CoreCivic, Inc. stock logo
CXW
CoreCivic
$1.90B0.86$1.75 per share8.36$13.01 per share1.13
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$1.07B1.73$0.96 per share9.23$7.87 per share1.12
The GEO Group, Inc. stock logo
GEO
The GEO Group
$2.41B0.76$1.96 per share7.41$10.23 per share1.42
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$327.73M4.77$1.17 per share10.47$10.82 per share1.13
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
$724M1.03$0.63 per share8.95$9.94 per share0.57

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
CoreCivic, Inc. stock logo
CXW
CoreCivic
$67.59M$0.5924.858.47N/A3.56%4.70%2.22%5/8/2024 (Confirmed)
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$86.34M$0.3624.508.73N/A8.03%5.29%2.68%5/2/2024 (Confirmed)
The GEO Group, Inc. stock logo
GEO
The GEO Group
$107.32M$0.7619.1310.611.484.72%9.43%3.18%4/23/2024 (Estimated)
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$34.53M$0.2745.4111.25N/A10.54%2.53%1.14%4/23/2024 (Confirmed)
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
-$2.27M-$0.12N/A8.56N/A-0.28%5.21%0.42%4/30/2024 (Confirmed)

Latest DRH, RWT, ROIC, CXW, and GEO Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
5/8/2024N/A
CoreCivic, Inc. stock logo
CXW
CoreCivic
$0.31N/A-$0.31N/AN/AN/A  
5/2/2024N/A
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$0.17N/A-$0.17N/AN/AN/A  
4/30/2024N/A
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
$0.09N/A-$0.09N/AN/AN/A  
4/23/2024N/A
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$0.26N/A-$0.26N/AN/AN/A  
2/23/2024Q4 2023
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$0.18$0.04-$0.14$0.04$261.45 million$263.50 million      
2/15/202412/31/2023
The GEO Group, Inc. stock logo
GEO
The GEO Group
$0.18$0.29+$0.11$0.37$597.47 million$608.28 million    
2/15/2024Q4 2023
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$0.27$0.06-$0.21$0.06$81.09 million$84.60 million      
2/7/2024Q4 2023
CoreCivic, Inc. stock logo
CXW
CoreCivic
$0.40$0.23-$0.17$0.23$489.62 million$491.25 million

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
CoreCivic, Inc. stock logo
CXW
CoreCivic
N/AN/AN/AN/AN/A
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
$0.121.36%N/A33.33%N/A
The GEO Group, Inc. stock logo
GEO
The GEO Group
N/AN/AN/AN/AN/A
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
$0.604.89%+44.22%222.22%N/A
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
$0.6411.33%+6.27%N/A N/A

Latest DRH, RWT, ROIC, CXW, and GEO Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/4/2024
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
Quarterly$0.031.27%3/27/20243/29/20244/12/2024
2/13/2024
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
Quarterly$0.154.67%3/14/20243/15/20244/5/2024
3/7/2024
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
quarterly$0.1610.61%3/20/20243/21/20243/28/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
CoreCivic, Inc. stock logo
CXW
CoreCivic
0.73
1.60
1.60
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
0.71
2.00
2.00
The GEO Group, Inc. stock logo
GEO
The GEO Group
1.34
1.21
1.21
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
1.01
1.38
1.38
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
10.12
7.36
7.36

Ownership

Institutional Ownership

CompanyInstitutional Ownership
CoreCivic, Inc. stock logo
CXW
CoreCivic
85.13%
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
N/A
The GEO Group, Inc. stock logo
GEO
The GEO Group
76.10%
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
97.16%
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
74.34%

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
CoreCivic, Inc. stock logo
CXW
CoreCivic
11,194111.63 million109.52 millionOptionable
DiamondRock Hospitality stock logo
DRH
DiamondRock Hospitality
33210.78 million207.83 millionOptionable
The GEO Group, Inc. stock logo
GEO
The GEO Group
16,400126.90 million120.17 millionOptionable
Retail Opportunity Investments Corp. stock logo
ROIC
Retail Opportunity Investments
71127.46 million123.64 millionOptionable
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
289131.58 million128.29 millionOptionable

DRH, RWT, ROIC, CXW, and GEO Headlines

SourceHeadline
Redwood Trusts (RWT) "Market Outperform" Rating Reaffirmed at JMP SecuritiesRedwood Trust's (RWT) "Market Outperform" Rating Reaffirmed at JMP Securities
marketbeat.com - April 18 at 2:21 PM
Redwood Trust (NYSE:RWT) Hits New 52-Week Low at $5.46Redwood Trust (NYSE:RWT) Hits New 52-Week Low at $5.46
americanbankingnews.com - April 18 at 6:04 AM
Redwood Trust (NYSE:RWT) Sets New 52-Week Low at $5.46Redwood Trust (NYSE:RWT) Sets New 52-Week Low at $5.46
marketbeat.com - April 16 at 11:03 AM
Redwood Trust: Why The 10.3% Yielding Preferreds Should Be ConsideredRedwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered
seekingalpha.com - April 15 at 3:14 PM
Redwood Trust, Inc. to Post FY2024 Earnings of $0.50 Per Share, Wedbush Forecasts (NYSE:RWT)Redwood Trust, Inc. to Post FY2024 Earnings of $0.50 Per Share, Wedbush Forecasts (NYSE:RWT)
americanbankingnews.com - April 15 at 1:34 AM
Mirae Asset Global Investments Co. Ltd. Buys 928,337 Shares of Redwood Trust, Inc. (NYSE:RWT)Mirae Asset Global Investments Co. Ltd. Buys 928,337 Shares of Redwood Trust, Inc. (NYSE:RWT)
marketbeat.com - April 14 at 5:19 AM
Redwood Trust (NYSE:RWT) Rating Lowered to Neutral at WedbushRedwood Trust (NYSE:RWT) Rating Lowered to Neutral at Wedbush
americanbankingnews.com - April 13 at 3:40 AM
Redwood Trust, Inc. (NYSE:RWT) Forecasted to Post Q1 2024 Earnings of $0.09 Per ShareRedwood Trust, Inc. (NYSE:RWT) Forecasted to Post Q1 2024 Earnings of $0.09 Per Share
americanbankingnews.com - April 13 at 1:30 AM
Q1 2024 EPS Estimates for Redwood Trust, Inc. Reduced by Analyst (NYSE:RWT)Q1 2024 EPS Estimates for Redwood Trust, Inc. Reduced by Analyst (NYSE:RWT)
marketbeat.com - April 12 at 6:08 AM
Redwood Trust (NYSE:RWT) Downgraded by WedbushRedwood Trust (NYSE:RWT) Downgraded by Wedbush
marketbeat.com - April 11 at 8:11 AM
Keefe, Bruyette & Woods Cuts Redwood Trust (NYSE:RWT) Price Target to $7.25Keefe, Bruyette & Woods Cuts Redwood Trust (NYSE:RWT) Price Target to $7.25
americanbankingnews.com - April 11 at 5:30 AM
Redwood Trust (NYSE:RWT) Earns Market Outperform Rating from JMP SecuritiesRedwood Trust (NYSE:RWT) Earns Market Outperform Rating from JMP Securities
americanbankingnews.com - April 11 at 4:56 AM
Redwood Trust (NYSE:RWT) Price Target Lowered to $7.25 at Keefe, Bruyette & WoodsRedwood Trust (NYSE:RWT) Price Target Lowered to $7.25 at Keefe, Bruyette & Woods
marketbeat.com - April 10 at 12:17 PM
Redwood Trust (NYSE:RWT) Rating Reiterated by JMP SecuritiesRedwood Trust (NYSE:RWT) Rating Reiterated by JMP Securities
marketbeat.com - April 10 at 11:25 AM
Redwood Trust, Inc. (NYSE:RWT) Holdings Decreased by Peregrine Capital Management LLCRedwood Trust, Inc. (NYSE:RWT) Holdings Decreased by Peregrine Capital Management LLC
marketbeat.com - April 10 at 9:49 AM
Ceredex Value Advisors LLC Takes Position in Redwood Trust, Inc. (NYSE:RWT)Ceredex Value Advisors LLC Takes Position in Redwood Trust, Inc. (NYSE:RWT)
marketbeat.com - April 8 at 8:28 AM
Analysts Offer Insights on Real Estate Companies: Essex Property (ESS), Realty Income (O) and Redwood (RWT)Analysts Offer Insights on Real Estate Companies: Essex Property (ESS), Realty Income (O) and Redwood (RWT)
markets.businessinsider.com - March 22 at 12:05 PM
Wellington Management Group LLP Boosts Position in Redwood Trust, Inc. (NYSE:RWT)Wellington Management Group LLP Boosts Position in Redwood Trust, Inc. (NYSE:RWT)
marketbeat.com - March 22 at 4:23 AM
Redwood (RWT), CPP Investments Enter a $750M PartnershipRedwood (RWT), CPP Investments Enter a $750M Partnership
zacks.com - March 21 at 12:25 PM
Redwood Trust, CPP Form $750M Strategic Capital PartnershipRedwood Trust, CPP Form $750M Strategic Capital Partnership
multihousingnews.com - March 20 at 7:32 PM
Redwood Trust (NYSE:RWT) Sees Unusually-High Trading VolumeRedwood Trust (NYSE:RWT) Sees Unusually-High Trading Volume
marketbeat.com - March 20 at 12:46 PM
CPP forms $750M US housing loan JV with Redwood TrustCPP forms $750M US housing loan JV with Redwood Trust
renx.ca - March 19 at 5:58 PM
Redwood Trust Announces $750 Mln Capital Partnership With CPP InvestmentsRedwood Trust Announces $750 Mln Capital Partnership With CPP Investments
markets.businessinsider.com - March 19 at 12:50 PM
Redwood Trust and CPP Investments Announce $750 Million Strategic Capital PartnershipRedwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership
businesswire.com - March 19 at 7:30 AM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Company Descriptions

CoreCivic logo

CoreCivic

NYSE:CXW
CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. The company owns and operates correctional and detention facilities, residential reentry centers, and properties for lease. CoreCivic, Inc. was founded in 1983 and is based in Brentwood, Tennessee.
DiamondRock Hospitality logo

DiamondRock Hospitality

NYSE:DRH
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.
The GEO Group logo

The GEO Group

NYSE:GEO
The GEO Group, Inc. (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects. The company was founded in 1984 and is based in Boca Raton, Florida.
Retail Opportunity Investments logo

Retail Opportunity Investments

NASDAQ:ROIC
Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings and Fitch Ratings, Inc.
Redwood Trust logo

Redwood Trust

NYSE:RWT
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Residential Investor Mortgage Banking segment operates a platform that originates business purpose loans to investors in single-family and multifamily residential properties and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential consumer and investor securitization activities, and business purpose lending bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company is elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.