SG Americas Securities LLC Buys 3,662 Shares of Redwood Trust, Inc. (NYSE:RWT)

SG Americas Securities LLC lifted its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,807 shares of the real estate investment trust’s stock after acquiring an additional 3,662 shares during the period. SG Americas Securities LLC’s holdings in Redwood Trust were worth $132,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Redwood Trust by 157.1% during the third quarter. Wellington Management Group LLP now owns 4,279,191 shares of the real estate investment trust’s stock worth $30,511,000 after purchasing an additional 2,614,898 shares during the last quarter. Deutsche Bank AG boosted its holdings in Redwood Trust by 16.3% during the third quarter. Deutsche Bank AG now owns 48,872 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 6,865 shares during the last quarter. Tudor Investment Corp Et Al boosted its holdings in Redwood Trust by 13.5% during the third quarter. Tudor Investment Corp Et Al now owns 293,722 shares of the real estate investment trust’s stock worth $2,094,000 after purchasing an additional 34,827 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Redwood Trust by 14.5% during the third quarter. Penserra Capital Management LLC now owns 79,629 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 10,070 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Redwood Trust by 15.6% during the third quarter. Adage Capital Partners GP L.L.C. now owns 3,777,300 shares of the real estate investment trust’s stock worth $26,932,000 after purchasing an additional 509,536 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on RWT. Wells Fargo & Company cut their price target on shares of Redwood Trust from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 21st. Keefe, Bruyette & Woods cut their price target on shares of Redwood Trust from $7.75 to $7.25 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and issued a $8.00 price target on shares of Redwood Trust in a research note on Wednesday, April 10th. Raymond James cut their price target on shares of Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. Finally, Piper Sandler cut their price target on shares of Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.64.

Redwood Trust Stock Performance

NYSE RWT opened at $5.52 on Thursday. Redwood Trust, Inc. has a 52-week low of $5.45 and a 52-week high of $8.30. The stock has a market cap of $725.66 million, a PE ratio of -45.96 and a beta of 1.48. The firm has a 50-day moving average of $6.19 and a 200-day moving average of $6.71. The company has a debt-to-equity ratio of 10.12, a quick ratio of 7.36 and a current ratio of 7.36.

Redwood Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend was Wednesday, March 20th. Redwood Trust’s dividend payout ratio is -533.33%.

Redwood Trust Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.