$0.34 EPS Expected for Redwood Trust, Inc. (RWT) This Quarter

Wall Street analysts predict that Redwood Trust, Inc. (NYSE:RWT) will announce $0.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Redwood Trust’s earnings. Redwood Trust posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3%. The company is expected to announce its next 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 anticipate that the business will post earnings of $1.44 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Redwood Trust.

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

RWT has been the subject of several research reports. Deutsche Bank dropped their price target on Redwood Trust from $18.50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. ValuEngine lowered Redwood Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Keefe, Bruyette & Woods upgraded Redwood Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research lowered Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.00.

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

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Redwood Trust by 1.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,003 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 113 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Redwood Trust during the third quarter valued at approximately $215,000. Advisory Services Network LLC lifted its holdings 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 purchasing an additional 510 shares during the last quarter. Legal & General Group Plc lifted its holdings 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 valued at $288,000 after purchasing an additional 5,510 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Redwood Trust during the third quarter valued at approximately $283,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Redwood Trust (NYSE RWT) traded down $0.04 during trading hours on Wednesday, reaching $14.85. The company had a trading volume of 401,854 shares, compared to its average volume of 461,182. The firm has a market cap of $1,142.84, a PE ratio of 9.40 and a beta of 0.91. The company has a debt-to-equity ratio of 2.91, a quick ratio of 3.36 and a current ratio of 3.36. Redwood Trust has a 1-year low of $14.29 and a 1-year high of $17.45.

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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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