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Analysts Have Conflicting Sentiments on These Real Estate Companies: Redwood (RWT) and Newmark Group (NMRK)

Tipranks - Fri Feb 13, 7:14AM CST

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Redwood (RWTResearch Report) and Newmark Group (NMRKResearch Report).

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Redwood (RWT)

In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on Redwood, with a price target of $6.50. The company’s shares closed last Wednesday at $5.54, close to its 52-week low of $5.46.

According to TipRanks.com, Love is a 4-star analyst with an average return of 6.8% and a 56.3% success rate. Love covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Northpointe Bancshares, Inc., and Virtus Investment Partners. ;'>

Currently, the analyst consensus on Redwood is a Moderate Buy with an average price target of $7.17.

See today’s best-performing stocks on TipRanks >>

Newmark Group (NMRK)

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Buy rating on Newmark Group, with a price target of $19.00. The company’s shares closed last Wednesday at $14.95.

According to TipRanks.com, Goldfarb is a 3-star analyst with an average return of 2.4% and a 50.7% success rate. Goldfarb covers the NA sector, focusing on stocks such as Innovative Industrial Properties, Curbline Properties Corp., and Hudson Pacific Properties. ;'>

Currently, the analyst consensus on Newmark Group is a Strong Buy with an average price target of $20.67.

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