Brokerages expect that Redwood Trust, Inc. (NYSE:RWT) will announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Redwood Trust’s earnings. Redwood Trust posted earnings of $0.58 per share during the same quarter last year, which would indicate a negative year over year growth rate of 41.4%. The company is scheduled to issue its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Redwood Trust will report full year earnings of $1.39 per share for the current year. For the next year, analysts expect that the business will post earnings of $1.46 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Redwood Trust.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. Redwood Trust had a return on equity of 12.02% and a net margin of 46.04%. The firm had revenue of $60 million during the quarter, compared to analysts’ expectations of $33.59 million. During the same quarter in the previous year, the business earned $0.48 earnings per share.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Redwood Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised Redwood Trust from a “hold” rating to a “buy” rating in a research note 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.

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in Redwood Trust by 1,457.8% in the first quarter. First Trust Advisors LP now owns 480,693 shares of the real estate investment trust’s stock worth $7,984,000 after purchasing an additional 449,836 shares in the last quarter. IronBridge Capital Management LP lifted its holdings in Redwood Trust by 105.7% in the first quarter. IronBridge Capital Management LP now owns 718,273 shares of the real estate investment trust’s stock worth $11,931,000 after acquiring an additional 369,068 shares during the last quarter. UBS Group AG lifted its holdings 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 worth $17,643,000 after acquiring an additional 268,238 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Redwood Trust by 3.8% in the first quarter. Vanguard Group Inc. now owns 6,165,829 shares of the real estate investment trust’s stock worth $102,414,000 after acquiring an additional 224,548 shares during the last quarter. Finally, TIAA FSB bought a new position in Redwood Trust in the second quarter worth about $3,346,000. Institutional investors own 85.82% of the company’s stock.

Shares of Redwood Trust (RWT) traded down 0.092% on Friday, hitting $16.355. The stock had a trading volume of 207,224 shares. Redwood Trust has a 52-week low of $13.22 and a 52-week high of $17.45. The firm’s 50-day moving average price is $16.92 and its 200 day moving average price is $16.81. The firm has a market cap of $1.26 billion, a PE ratio of 9.559 and a beta of 0.88.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.12 annualized dividend and a dividend yield of 6.84%. Redwood Trust’s dividend payout ratio is presently 64.00%.

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About Redwood Trust

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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