Kennedy Capital Management LLC Sells 140,955 Shares of Redwood Trust, Inc. (NYSE:RWT)

Kennedy Capital Management LLC reduced its position in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 901,133 shares of the real estate investment trust's stock after selling 140,955 shares during the quarter. Kennedy Capital Management LLC owned about 0.68% of Redwood Trust worth $5,884,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RWT. Sovran Advisors LLC purchased a new position in shares of Redwood Trust in the fourth quarter valued at approximately $63,000. KBC Group NV boosted its holdings in shares of Redwood Trust by 86.7% in the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 4,788 shares in the last quarter. Cibc World Markets Corp acquired a new position in Redwood Trust during the 4th quarter worth approximately $80,000. Verition Fund Management LLC purchased a new position in Redwood Trust in the third quarter worth $101,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Redwood Trust in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 74.34% of the company's stock.

Analyst Ratings Changes

RWT has been the subject of a number of analyst reports. JMP Securities reissued a "market outperform" rating and issued a $8.00 price target on shares of Redwood Trust in a report on Friday, February 14th. StockNews.com upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on Redwood Trust from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.83.

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Redwood Trust Trading Up 2.0 %

Redwood Trust stock traded up $0.11 during midday trading on Tuesday, hitting $5.34. 932,554 shares of the stock were exchanged, compared to its average volume of 952,438. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.09. The stock has a market capitalization of $709.46 million, a PE ratio of 16.17 and a beta of 1.15. The company has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $6.69. Redwood Trust, Inc. has a 52 week low of $4.68 and a 52 week high of $8.15.

Redwood Trust (NYSE:RWT - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 EPS 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 business had revenue of $27.60 million for the quarter, compared to analyst estimates of $26.00 million. Equities research analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 13.50%. The ex-dividend date was Monday, March 24th. Redwood Trust's dividend payout ratio is currently 218.18%.

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.