One of the largest mortgage-focused real estate investment trusts lost almost 30% of its stock value early this week.

Shares of Redwood Trust Inc., a Mill Valley, Calif.-based REIT, fell from $39.81 on Monday to $27.75 at Tuesday's close. At noon Wednesday, Redwood shares were trading at $28.62.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.