Charles Schwab Investment Management Inc. Cuts Stock Position in Redwood Trust, Inc. (NYSE:RWT)

Charles Schwab Investment Management Inc. cut its holdings in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,411,153 shares of the real estate investment trust's stock after selling 196,990 shares during the period. Charles Schwab Investment Management Inc. owned about 1.06% of Redwood Trust worth $9,215,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Redwood Trust by 6.9% in the 3rd quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust's stock worth $112,945,000 after purchasing an additional 941,223 shares during the period. NFC Investments LLC raised its holdings in shares of Redwood Trust by 127.7% in the third quarter. NFC Investments LLC now owns 484,975 shares of the real estate investment trust's stock worth $3,749,000 after buying an additional 271,975 shares during the period. Angel Oak Capital Advisors LLC bought a new stake in shares of Redwood Trust during the 4th quarter worth approximately $1,726,000. Van ECK Associates Corp boosted its holdings in Redwood Trust by 18.0% during the 4th quarter. Van ECK Associates Corp now owns 1,085,593 shares of the real estate investment trust's stock valued at $7,089,000 after acquiring an additional 165,281 shares during the period. Finally, Systematic Financial Management LP bought a new position in Redwood Trust in the 3rd quarter valued at $1,217,000. Institutional investors own 74.34% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently weighed in on RWT. JPMorgan Chase & Co. lowered their target price on shares of Redwood Trust from $7.00 to $6.50 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and issued a $8.00 price objective on shares of Redwood Trust in a research report on Friday, February 14th. Finally, StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.75.

Redwood Trust Stock Down 0.3 %

NYSE RWT traded down $0.02 during trading on Tuesday, reaching $6.16. 854,261 shares of the company's stock traded hands, compared to its average volume of 887,574. Redwood Trust, Inc. has a 12-month low of $5.46 and a 12-month high of $8.15. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The firm has a market cap of $816.32 million, a price-to-earnings ratio of 18.67 and a beta of 1.63. The company's 50 day simple moving average is $6.44 and its two-hundred day simple moving average is $6.94.

Redwood Trust (NYSE:RWT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $27.60 million for the quarter, compared to analysts' expectations of $26.00 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. As a group, sell-side analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.69%. The ex-dividend date of this dividend is Monday, March 24th. Redwood Trust's payout ratio is 218.18%.

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.