Redwood Trust, Inc. (NYSE:RWT) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on RWT. Zacks Investment Research raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Redwood Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th.

Shares of Redwood Trust (NYSE:RWT) traded down 0.64% on Tuesday, hitting $17.07. The company’s stock had a trading volume of 247,164 shares. The stock’s 50 day moving average is $17.08 and its 200-day moving average is $16.59. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.70 and a beta of 0.89. Redwood Trust has a 52 week low of $13.22 and a 52 week high of $17.43.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Redwood Trust had a net margin of 48.45% and a return on equity of 13.22%. The company had revenue of $62 million for the quarter, compared to the consensus estimate of $34.89 million. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, equities research analysts anticipate that Redwood Trust will post $1.49 earnings per share for the current year.

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In related news, General Counsel Andrew P. Stone sold 3,730 shares of the stock in a transaction that occurred 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 transaction, the general counsel now directly owns 49,626 shares in the company, valued at $855,552.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen R. Pallotta acquired 3,027 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average price of $16.53 per share, for a total transaction of $50,036.31. The disclosure for this purchase can be found here. Corporate insiders own 2.33% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. raised its stake in Redwood Trust by 0.3% in the second quarter. North Star Investment Management Corp. now owns 28,770 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 80 shares during the period. Comerica Bank raised its stake in Redwood Trust by 0.8% in the first quarter. Comerica Bank now owns 11,286 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 95 shares during the period. AQR Capital Management LLC raised its stake 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 period. Montag A & Associates Inc. raised its stake in Redwood Trust by 1.6% in the first quarter. Montag A & Associates Inc. now owns 77,550 shares of the real estate investment trust’s stock valued at $1,288,000 after buying an additional 1,200 shares during the period. Finally, Teachers Advisors LLC raised its stake in Redwood Trust by 1.3% in the fourth quarter. Teachers Advisors LLC now owns 125,825 shares of the real estate investment trust’s stock valued at $1,914,000 after buying an additional 1,622 shares during the period. Institutional investors and hedge funds own 85.04% 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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