Redwood Trust (NYSE:RWT) Stock Price Crosses Above 200 Day Moving Average of $6.53

Redwood Trust, Inc. (NYSE:RWT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.53 and traded as high as $6.68. Redwood Trust shares last traded at $6.55, with a volume of 934,674 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RWT. JMP Securities reaffirmed a "market outperform" rating and set a $8.00 target price on shares of Redwood Trust in a research note on Thursday, April 18th. Keefe, Bruyette & Woods lowered their price objective on shares of Redwood Trust from $7.75 to $7.25 and set an "outperform" rating on the stock in a research note on Wednesday, April 10th. Wedbush reissued a "neutral" rating and set a $6.50 target price on shares of Redwood Trust in a research note on Wednesday, May 1st. UBS Group decreased their price target on shares of Redwood Trust from $9.00 to $8.50 and set a "buy" rating on the stock in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company reduced their target price on Redwood Trust from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Redwood Trust presently has a consensus rating of "Moderate Buy" and an average target price of $7.66.

Redwood Trust Stock Down 1.8 %

The firm has a 50-day moving average of $6.20 and a two-hundred day moving average of $6.53. The stock has a market capitalization of $865.58 million, a price-to-earnings ratio of 93.57 and a beta of 1.56. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a $0.16 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.64 annualized dividend and a yield of 9.77%. Redwood Trust's dividend payout ratio is presently 914.29%.

Insiders Place Their Bets

In other news, CFO Brooke Carillo acquired 15,000 shares of Redwood Trust stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $6.25 per share, with a total value of $93,750.00. Following the completion of the transaction, the chief financial officer now owns 56,772 shares in the company, valued at $354,825. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.50% of the company's stock.

Institutional Trading of Redwood Trust

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of Redwood Trust by 641.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,705 shares of the real estate investment trust's stock worth $27,000 after buying an additional 3,205 shares during the last quarter. MQS Management LLC acquired a new position in Redwood Trust in the 1st quarter valued at approximately $72,000. Ameritas Investment Partners Inc. lifted its position in shares of Redwood Trust by 26.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 14,324 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 3,000 shares during the period. Quest Partners LLC bought a new stake in shares of Redwood Trust in the 4th quarter worth approximately $107,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Redwood Trust during the 3rd quarter worth approximately $129,000. 74.34% of the stock is owned by institutional investors.

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.