Brokerages expect Redwood Trust, Inc. (NYSE:RWT) to announce earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Redwood Trust’s earnings. Redwood Trust reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year over year growth rate of 17.1%. The company is scheduled to issue its next quarterly earnings results on Monday, August 14th.

According to Zacks, analysts expect that Redwood Trust will report full year earnings of $1.40 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.46 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Redwood Trust.

Redwood Trust (NYSE:RWT) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $62 million during the quarter, compared to analysts’ expectations of $34.89 million. Redwood Trust had a return on equity of 13.22% and a net margin of 48.45%. During the same period in the prior year, the business earned $0.28 EPS.

A number of equities analysts have recently weighed in on RWT shares. Zacks Investment Research raised Redwood Trust from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, May 9th. BidaskClub raised Redwood Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, ValuEngine lowered Redwood Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.75.

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Shares of Redwood Trust (NYSE:RWT) traded up 0.47% during mid-day trading on Tuesday, reaching $17.16. The company’s stock had a trading volume of 97,299 shares. The firm has a market capitalization of $1.32 billion, a P/E ratio of 9.76 and a beta of 0.89. Redwood Trust has a 1-year low of $13.22 and a 1-year high of $17.43. The company’s 50-day moving average is $16.90 and its 200 day moving average is $16.38.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.12 annualized dividend and a yield of 6.56%. Redwood Trust’s payout ratio is currently 62.22%.

In other Redwood Trust news, Director Karen R. Pallotta bought 3,027 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average cost of $16.53 per share, for a total transaction of $50,036.31. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew P. Stone sold 3,730 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $17.24, for a total value of $64,305.20. Following the completion of the transaction, the general counsel now owns 49,626 shares of the company’s stock, valued at $855,552.24. The disclosure for this sale can be found here. Corporate insiders own 2.33% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Farmhouse Investment Management LLC acquired a new position in Redwood Trust during the first quarter valued at approximately $507,000. AQR Capital Management LLC raised its position in Redwood Trust by 0.4% in the first quarter. AQR Capital Management LLC now owns 129,379 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 573 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Redwood Trust by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 530,383 shares of the real estate investment trust’s stock valued at $8,810,000 after buying an additional 40,825 shares during the last quarter. Renaissance Technologies LLC raised its position in Redwood Trust by 4.3% in the first quarter. Renaissance Technologies LLC now owns 1,397,000 shares of the real estate investment trust’s stock valued at $23,204,000 after buying an additional 57,800 shares during the last quarter. Finally, UBS Group AG raised its position in Redwood Trust by 33.8% in the first quarter. UBS Group AG now owns 1,062,183 shares of the real estate investment trust’s stock valued at $17,643,000 after buying an additional 268,238 shares during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

Redwood Trust Company Profile

Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.

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