Redwood Trust, Inc. (NYSE:RWT) CFO Acquires $93,750.00 in Stock

Redwood Trust, Inc. (NYSE:RWT - Get Free Report) CFO Brooke Carillo acquired 15,000 shares of Redwood Trust stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $6.25 per share, for a total transaction of $93,750.00. Following the acquisition, the chief financial officer now owns 56,772 shares in the company, valued at approximately $354,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Redwood Trust Stock Performance

NYSE:RWT traded up $0.05 during mid-day trading on Monday, hitting $6.39. The stock had a trading volume of 847,592 shares, compared to its average volume of 1,323,089. Redwood Trust, Inc. has a twelve month low of $5.45 and a twelve month high of $8.30. The stock has a market cap of $844.44 million, a price-to-earnings ratio of 91.29 and a beta of 1.56. The company's 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.57. The company has a debt-to-equity ratio of 10.66, a quick ratio of 9.09 and a current ratio of 9.09.

Redwood Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.64 annualized dividend and a yield of 10.02%. Redwood Trust's dividend payout ratio (DPR) is currently 914.29%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RWT. Keefe, Bruyette & Woods reduced their price objective on Redwood Trust from $7.75 to $7.25 and set an "outperform" rating on the stock in a report on Wednesday, April 10th. Piper Sandler reduced their target price on shares of Redwood Trust from $7.50 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 21st. Wedbush reaffirmed a "neutral" rating and issued a $6.50 target price on shares of Redwood Trust in a research note on Wednesday, May 1st. Wells Fargo & Company reduced their price objective on shares of Redwood Trust from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 21st. Finally, JMP Securities restated a "market outperform" rating and set a $8.00 price objective on shares of Redwood Trust in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.66.

Institutional Investors Weigh In On Redwood Trust

Several hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC lifted its stake in Redwood Trust by 6.3% in the 4th quarter. Simon Quick Advisors LLC now owns 25,246 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 1,488 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Redwood Trust by 2.4% in the 4th 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 purchasing an additional 1,715 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Redwood Trust by 8.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,292 shares of the real estate investment trust's stock valued at $180,000 after purchasing an additional 1,847 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Redwood Trust by 9.1% in the 1st 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 acquiring an additional 1,889 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Redwood Trust by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 617,725 shares of the real estate investment trust's stock valued at $4,577,000 after acquiring an additional 2,296 shares during the period. 74.34% of the stock is currently 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.

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