Share on StockTwits

Redwood Trust (NYSE:RWT) General Counsel Andrew P. Stone sold 2,091 shares of Redwood Trust stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $19.05, for a total value of $39,833.55. Following the completion of the sale, the general counsel now directly owns 22,233 shares in the company, valued at approximately $423,539. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Redwood Trust (NYSE:RWT) traded up 0.89% on Friday, hitting $19.23. The stock had a trading volume of 411,105 shares. Redwood Trust has a 52-week low of $16.66 and a 52-week high of $21.90. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $19.75. The company has a market cap of $1.598 billion and a P/E ratio of 21.49.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.10. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, analysts predict that Redwood Trust will post $0.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, September 11th.

RWT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Redwood Trust in a research note on Monday, August 11th. They now have a $22.50 price target on the stock, down previously from $22.75. Analysts at Zacks upgraded shares of Redwood Trust from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $19.60 price target on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Redwood Trust has a consensus rating of “Hold” and a consensus price target of $21.53.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.