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Redwood Trust (NYSE:RWT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They currently have a $18.30 price target on the stock. Zacks‘s target price suggests a potential downside of 4.79% from the stock’s previous close.

Separately, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Redwood Trust has an average rating of “Hold” and a consensus target price of $21.20.

Shares of Redwood Trust (NYSE:RWT) traded down 0.57% on Thursday, hitting $19.11. 101,027 shares of the company’s stock traded hands. Redwood Trust has a 52-week low of $17.00 and a 52-week high of $21.90. The stock’s 50-day moving average is $19.28 and its 200-day moving average is $19.84. The company has a market cap of $1.588 billion and a P/E ratio of 21.67.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings results 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. 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. Shareholders 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 5.83%. The ex-dividend date of this dividend is Thursday, September 11th.

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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