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Redwood Trust (NYSE:RWT) announced its earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.19, American Banking News reports. During the same quarter in the previous year, the company posted $0.69 earnings per share.

Shares of Redwood Trust (NYSE:RWT) traded down 1.62% on Monday, hitting $21.32. The stock had a trading volume of 1,038,821 shares. Redwood Trust has a 52-week low of $16.28 and a 52-week high of $22.62. The stock’s 50-day moving average is $20.68 and its 200-day moving average is $19.32. The company has a market cap of $1.760 billion and a P/E ratio of 11.15.

In other Redwood Trust news, General Counsel Andrew Stone sold 4,074 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $21.45, for a total value of $87,387.30. Following the completion of the transaction, the general counsel now directly owns 24,324 shares in the company, valued at approximately $521,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

RWT has been the subject of a number of recent research reports. Analysts at JMP Securities downgraded shares of Redwood Trust from an “outperform” rating to a “market perform” rating in a research note on Monday. On a related note, analysts at Jefferies Group downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. They now have a $22.00 price target on the stock, up previously from $19.00. Finally, analysts at Wunderlich raised their price target on shares of Redwood Trust from $20.00 to $22.00 in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.40.

Redwood Trust, Inc, (NYSE:RWT) together with its subsidiaries, is an internally-managed operating company focused on engaging in residential and commercial mortgage banking activities and investing in mortgage- and other real estate-related assets.

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