Redwood Trust, Inc. (NYSE:RWT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Redwood Trust, Inc. (NYSE:RWT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.66.

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Redwood Trust from $7.75 to $7.25 and set an "outperform" rating for the company in a research report on Wednesday, April 10th. UBS Group lowered their price target on shares of Redwood Trust from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Tuesday, March 5th. Wedbush restated a "neutral" rating and set a $6.50 price target on shares of Redwood Trust in a research report on Wednesday, May 1st. Piper Sandler lowered their price target on shares of Redwood Trust from $7.50 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 21st. Finally, Wells Fargo & Company lowered their price target on shares of Redwood Trust from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 21st.

Redwood Trust Stock Performance

Shares of NYSE:RWT traded up $0.08 on Monday, reaching $6.28. 980,000 shares of the company's stock were exchanged, compared to its average volume of 1,354,312. The firm has a market capitalization of $829.90 million, a price-to-earnings ratio of 89.71 and a beta of 1.50. Redwood Trust has a fifty-two week low of $5.45 and a fifty-two week high of $8.30. The business's 50-day moving average is $6.14 and its two-hundred day moving average is $6.58. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 10.66.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date was Wednesday, March 20th. Redwood Trust's payout ratio is 914.29%.

Institutional Investors Weigh In On Redwood Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Simon Quick Advisors LLC lifted its stake in Redwood Trust by 6.3% during the fourth quarter. Simon Quick Advisors LLC now owns 25,246 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 1,488 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Redwood Trust by 2.4% during the fourth quarter. State of Alaska Department of Revenue now owns 72,984 shares of the real estate investment trust's stock valued at $540,000 after buying an additional 1,715 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Redwood Trust by 8.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,292 shares of the real estate investment trust's stock valued at $180,000 after buying an additional 1,847 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Redwood Trust by 9.1% during the first quarter. Mutual of America Capital Management LLC now owns 22,653 shares of the real estate investment trust's stock valued at $144,000 after buying an additional 1,889 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Redwood Trust by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 617,725 shares of the real estate investment trust's stock valued at $4,577,000 after buying an additional 2,296 shares in the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

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.