Wall Street brokerages predict that Redwood Trust, Inc. (NYSE:RWT) will post earnings per share of $0.34 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Redwood Trust’s earnings. Redwood Trust reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is expected to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Redwood Trust will report full year earnings of $1.39 per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of $1.44 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Redwood Trust.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). Redwood Trust had a return on equity of 9.87% and a net margin of 41.62%. The company had revenue of $35.00 million during the quarter, compared to the consensus estimate of $36.86 million. During the same period last year, the business earned $0.58 EPS. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year.

Several research analysts have recently commented on the company. ValuEngine raised Redwood Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods raised Redwood Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. Deutsche Bank decreased their price objective on Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Redwood Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.00.

In other news, General Counsel Andrew P. Stone sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $14.87, for a total value of $74,350.00. Following the transaction, the general counsel now owns 53,015 shares of the company’s stock, valued at $788,333.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in RWT. Schwab Charles Investment Management Inc. grew its position in shares of Redwood Trust by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 545,686 shares of the real estate investment trust’s stock worth $9,299,000 after purchasing an additional 15,303 shares in the last quarter. Legal & General Group Plc grew its position in shares of Redwood Trust by 48.4% during the second quarter. Legal & General Group Plc now owns 16,897 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 5,510 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Redwood Trust by 87.3% during the second quarter. BNP Paribas Arbitrage SA now owns 17,381 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 8,101 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Redwood Trust by 404.3% during the second quarter. Principal Financial Group Inc. now owns 74,930 shares of the real estate investment trust’s stock worth $1,277,000 after purchasing an additional 60,073 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Redwood Trust by 44.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,219 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 9,270 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Redwood Trust (NYSE RWT) traded up $0.08 during midday trading on Friday, hitting $15.16. The stock had a trading volume of 589,042 shares, compared to its average volume of 384,035. The company has a debt-to-equity ratio of 2.91, a current ratio of 3.36 and a quick ratio of 3.36. Redwood Trust has a 1 year low of $14.29 and a 1 year high of $17.45. The company has a market capitalization of $1,169.06, a P/E ratio of 9.59 and a beta of 0.91.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend was Thursday, December 14th. Redwood Trust’s dividend payout ratio (DPR) is currently 70.89%.

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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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