Redwood Trust, Inc. $RWT Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Redwood Trust, Inc. (NYSE:RWT) by 60.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,400 shares of the real estate investment trust’s stock after selling 300,000 shares during the period. Gamco Investors INC. ET AL owned 0.15% of Redwood Trust worth $1,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Redwood Trust by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 15,020,483 shares of the real estate investment trust’s stock worth $86,969,000 after acquiring an additional 1,395,675 shares in the last quarter. UBS Group AG boosted its position in shares of Redwood Trust by 521.1% during the 4th quarter. UBS Group AG now owns 3,875,226 shares of the real estate investment trust’s stock valued at $21,430,000 after acquiring an additional 3,251,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Redwood Trust by 7.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,148,393 shares of the real estate investment trust’s stock valued at $12,439,000 after buying an additional 149,003 shares during the last quarter. Invesco Ltd. lifted its position in Redwood Trust by 29.9% in the third quarter. Invesco Ltd. now owns 2,034,437 shares of the real estate investment trust’s stock valued at $11,779,000 after buying an additional 468,720 shares during the last quarter. Finally, LSV Asset Management increased its stake in Redwood Trust by 11.6% during the third quarter. LSV Asset Management now owns 1,978,325 shares of the real estate investment trust’s stock worth $11,455,000 after purchasing an additional 205,980 shares during the period. 74.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RWT shares. JPMorgan Chase & Co. upgraded shares of Redwood Trust from a “neutral” rating to an “overweight” rating and set a $6.00 price target on the stock in a research note on Friday, January 23rd. Wall Street Zen raised Redwood Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JonesTrading reissued a “buy” rating and issued a $6.25 price objective on shares of Redwood Trust in a report on Thursday, April 30th. Keefe, Bruyette & Woods increased their price target on Redwood Trust from $5.75 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, February 18th. Finally, Zacks Research downgraded Redwood Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.89.

Redwood Trust Stock Performance

Redwood Trust stock opened at $5.29 on Friday. The stock’s 50 day moving average price is $5.62 and its 200 day moving average price is $5.65. The firm has a market capitalization of $662.29 million, a PE ratio of -6.78 and a beta of 1.40. The company has a debt-to-equity ratio of 28.42, a quick ratio of 59.63 and a current ratio of 59.63. Redwood Trust, Inc. has a one year low of $5.00 and a one year high of $6.97.

Redwood Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date was Tuesday, March 24th. Redwood Trust’s payout ratio is -92.31%.

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.