Redwood Trust, Inc. (NYSE:RWT) Stock Holdings Lessened by Barclays PLC

Barclays PLC decreased its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 79.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,900 shares of the real estate investment trust's stock after selling 861,811 shares during the quarter. Barclays PLC owned about 0.17% of Redwood Trust worth $1,692,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RWT. Wellington Management Group LLP raised its stake in Redwood Trust by 6.9% during the 3rd quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust's stock valued at $112,945,000 after acquiring an additional 941,223 shares in the last quarter. NFC Investments LLC increased its holdings in shares of Redwood Trust by 127.7% during the third quarter. NFC Investments LLC now owns 484,975 shares of the real estate investment trust's stock valued at $3,749,000 after purchasing an additional 271,975 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Redwood Trust by 22.8% during the third quarter. Ceredex Value Advisors LLC now owns 1,113,600 shares of the real estate investment trust's stock valued at $8,608,000 after purchasing an additional 207,088 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Redwood Trust in the third quarter worth about $1,217,000. Finally, Wulff Hansen & CO. grew its position in Redwood Trust by 549.0% in the 2nd quarter. Wulff Hansen & CO. now owns 128,463 shares of the real estate investment trust's stock valued at $834,000 after buying an additional 108,669 shares in the last quarter. Institutional investors own 74.34% of the company's stock.

Wall Street Analyst Weigh In

RWT has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Redwood Trust from $7.50 to $8.50 and gave the stock an "equal weight" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $7.00 target price (down previously from $8.00) on shares of Redwood Trust in a report on Monday, December 9th. Raymond James increased their price target on Redwood Trust from $8.50 to $9.50 and gave the company a "strong-buy" rating in a research note on Thursday, September 19th. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, JMP Securities raised their target price on Redwood Trust from $8.50 to $9.00 and gave the company a "market outperform" rating in a research note on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $8.03.

Redwood Trust Trading Down 3.4 %

Shares of Redwood Trust stock traded down $0.22 on Friday, reaching $6.16. 1,170,667 shares of the company were exchanged, compared to its average volume of 974,661. Redwood Trust, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $8.15. The firm has a market capitalization of $814.76 million, a price-to-earnings ratio of 11.20 and a beta of 1.57. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. The stock has a fifty day moving average price of $6.90 and a 200-day moving average price of $7.18.

Redwood Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.69%. This is a boost from Redwood Trust's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd. Redwood Trust's dividend payout ratio (DPR) is presently 130.91%.

About Redwood Trust

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.