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Shares of Redwood Trust (NYSE:RWT) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, Analyst Ratings Network.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.53.

In other Redwood Trust news, Director Mariann H. Byerwalter sold 2,172 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 $19.17, for a total transaction of $41,637.24. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Redwood Trust (NYSE:RWT) opened at 19.33 on Tuesday. Redwood Trust has a 1-year low of $16.66 and a 1-year high of $21.90. The stock’s 50-day moving average is $19.37 and its 200-day moving average is $19.77. The company has a market cap of $1.607 billion and a P/E ratio of 21.79.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.10. During the same quarter last year, the company posted $0.71 earnings per share. Analysts expect that Redwood Trust will post $0.94 EPS 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 5.79%. The ex-dividend date of this dividend is Thursday, September 11th.

A number of analysts have recently weighed in on RWT shares. 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.

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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