Equities research analysts forecast that Redwood Trust, Inc. (NYSE:RWT) will post $0.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Redwood Trust’s earnings. Redwood Trust posted earnings per share of $0.58 in the same quarter last year, which would suggest a negative year over year growth rate of 41.4%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Redwood Trust will report full-year earnings of $1.39 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $1.46 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Redwood Trust.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). Redwood Trust had a net margin of 46.04% and a return on equity of 12.02%. The business had revenue of $60.00 million during the quarter, compared to the consensus estimate of $33.59 million. During the same period in the prior year, the company posted $0.48 earnings per share.

RWT has been the subject of several analyst reports. BidaskClub downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Redwood Trust from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th.

Several institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. raised its stake in shares of Redwood Trust by 0.3% during 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 acquiring an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Redwood Trust by 1.6% during the second quarter. Public Employees Retirement System of Ohio now owns 7,003 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 113 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Redwood Trust by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 39,228 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 116 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Redwood Trust by 3.7% during the second quarter. Advisory Services Network LLC now owns 14,154 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 510 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Redwood Trust by 0.4% during 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 acquiring an additional 573 shares in the last quarter. 84.05% of the stock is owned by hedge funds and other institutional investors.

Redwood Trust (NYSE:RWT) traded down $0.37 on Friday, hitting $15.48. The stock had a trading volume of 194,610 shares, compared to its average volume of 286,334. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $1.20 billion, a P/E ratio of 9.64 and a beta of 0.92.

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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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