Redwood Trust (NYSE:RWT) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Thursday.

Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Redwood Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Deutsche Bank lowered their price target on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. ValuEngine raised shares of Redwood Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of Redwood Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.00.

Shares of Redwood Trust (RWT) traded down $0.31 on Thursday, reaching $14.79. 957,700 shares of the company’s stock traded hands, compared to its average volume of 346,644. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.91. The firm has a market cap of $1,140.00, a PE ratio of 10.86 and a beta of 0.90. Redwood Trust has a 12 month low of $14.29 and a 12 month high of $17.45.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $36.86 million. Redwood Trust had a net margin of 41.62% and a return on equity of 9.87%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. sell-side analysts anticipate that Redwood Trust will post 1.39 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Redwood Trust by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,303,530 shares of the real estate investment trust’s stock valued at $107,412,000 after acquiring an additional 137,701 shares during the last quarter. State Street Corp grew its stake in Redwood Trust by 6.2% in the 2nd quarter. State Street Corp now owns 1,611,297 shares of the real estate investment trust’s stock valued at $27,454,000 after acquiring an additional 93,613 shares during the last quarter. Seizert Capital Partners LLC grew its stake in Redwood Trust by 3.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,496,235 shares of the real estate investment trust’s stock valued at $24,374,000 after acquiring an additional 45,651 shares during the last quarter. Renaissance Technologies LLC grew its stake in Redwood Trust by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,422,000 shares of the real estate investment trust’s stock valued at $24,231,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Hilton Capital Management LLC grew its stake in Redwood Trust by 1.4% in the 2nd quarter. Hilton Capital Management LLC now owns 1,027,078 shares of the real estate investment trust’s stock valued at $17,501,000 after acquiring an additional 13,970 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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