Golden State Equity Partners Acquires 60,818 Shares of Redwood Trust, Inc. (NYSE:RWT)

Golden State Equity Partners lifted its stake in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 633.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,414 shares of the real estate investment trust's stock after acquiring an additional 60,818 shares during the quarter. Golden State Equity Partners owned 0.05% of Redwood Trust worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in Redwood Trust by 6.9% in the third 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 last quarter. State Street Corp lifted its stake in shares of Redwood Trust by 2.0% in the 3rd quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust's stock worth $40,116,000 after purchasing an additional 102,274 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Redwood Trust by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust's stock worth $23,492,000 after buying an additional 25,444 shares during the last quarter. Ceredex Value Advisors LLC grew its position in 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 buying an additional 207,088 shares during the period. Finally, NFC Investments LLC increased its holdings in 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 buying an additional 271,975 shares during the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.

Redwood Trust Price Performance

Shares of NYSE RWT traded down $0.12 during mid-day trading on Friday, reaching $6.60. The company's stock had a trading volume of 545,868 shares, compared to its average volume of 820,301. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. Redwood Trust, Inc. has a 52 week low of $5.45 and a 52 week high of $8.15. The stock has a fifty day moving average of $6.64 and a two-hundred day moving average of $7.13. The firm has a market capitalization of $874.63 million, a PE ratio of 12.00 and a beta of 1.57.

Redwood Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.91%. This is an increase from Redwood Trust's previous quarterly dividend of $0.17. The ex-dividend date was Monday, December 23rd. Redwood Trust's dividend payout ratio is presently 130.91%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. JMP Securities lowered their target price on Redwood Trust from $9.00 to $8.00 and set a "market outperform" rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Redwood Trust from $7.00 to $6.50 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.84.

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.