Invesco Ltd. Buys 1,200,050 Shares of Redwood Trust, Inc. (NYSE:RWT)

Invesco Ltd. boosted its stake in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 150.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,995,520 shares of the real estate investment trust's stock after acquiring an additional 1,200,050 shares during the quarter. Invesco Ltd. owned 1.51% of Redwood Trust worth $13,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RWT. Geode Capital Management LLC raised 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 valued at $23,492,000 after purchasing an additional 25,444 shares during the last quarter. Boston Partners increased its stake in Redwood Trust by 8.3% in the 4th quarter. Boston Partners now owns 2,707,027 shares of the real estate investment trust's stock valued at $17,561,000 after buying an additional 206,698 shares during the last quarter. Van ECK Associates Corp increased its stake in Redwood Trust by 18.0% in 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 buying an additional 165,281 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Redwood Trust by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,003,627 shares of the real estate investment trust's stock worth $6,554,000 after buying an additional 89,335 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Redwood Trust by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 641,410 shares of the real estate investment trust's stock worth $4,188,000 after buying an additional 18,164 shares during the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

Redwood Trust Stock Performance

RWT traded up $0.02 during trading hours on Wednesday, reaching $5.86. The company's stock had a trading volume of 1,012,179 shares, compared to its average volume of 958,115. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36. The company's 50-day moving average is $6.02 and its 200-day moving average is $6.61. Redwood Trust, Inc. has a 52 week low of $4.68 and a 52 week high of $8.15. The firm has a market cap of $779.28 million, a PE ratio of 17.76 and a beta of 1.15.

Redwood Trust (NYSE:RWT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $26.00 million. On average, equities analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.29%. Redwood Trust's payout ratio is presently 218.18%.

Analysts Set New Price Targets

Several research firms recently issued reports on RWT. JMP Securities dropped their target price on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Jones Trading cut their price objective on Redwood Trust from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, April 17th. StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Redwood Trust from $6.50 to $5.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Redwood Trust currently has an average rating of "Moderate Buy" and an average price target of $7.50.

Redwood Trust Company Profile

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.