Redwood Trust, Inc. (NYSE:RWT) Given Consensus Rating of “Hold” by Analysts

Shares of Redwood Trust, Inc. (NYSE:RWT) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.75.

Several equities analysts have recently issued reports on the stock. Jones Trading lowered their price objective on shares of Redwood Trust from $7.00 to $6.25 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen cut shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Redwood Trust in a research report on Wednesday, October 8th. Finally, BTIG Research reiterated a “buy” rating and set a $8.50 price objective on shares of Redwood Trust in a research report on Friday, September 26th.

Institutional Trading of Redwood Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in Redwood Trust by 270.5% during the second quarter. CWM LLC now owns 6,168 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 4,503 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Redwood Trust by 331.8% during the second quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 6,082 shares during the period. GAMMA Investing LLC lifted its position in shares of Redwood Trust by 71.6% in the 4th quarter. GAMMA Investing LLC now owns 11,054 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 4,611 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Redwood Trust by 136.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,823 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 6,255 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Redwood Trust in the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Trading Up 2.8%

Shares of Redwood Trust stock opened at $5.97 on Friday. The business has a fifty day simple moving average of $5.50 and a 200-day simple moving average of $5.73. Redwood Trust has a fifty-two week low of $4.68 and a fifty-two week high of $6.73. The firm has a market cap of $755.65 million, a price-to-earnings ratio of -7.36 and a beta of 1.58. The company has a quick ratio of 57.77, a current ratio of 57.77 and a debt-to-equity ratio of 22.73.

Redwood Trust (NYSE:RWT) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Redwood Trust had a positive return on equity of 9.19% and a negative net margin of 8.62%.The firm had revenue of $54.37 million for the quarter, compared to analyst estimates of $31.04 million. On average, equities analysts forecast that Redwood Trust will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, December 23rd. Redwood Trust’s dividend payout ratio is currently -88.89%.

Redwood Trust Company Profile

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.