Wellington Management Group LLP Has $83.84 Million Stake in Redwood Trust, Inc. (NYSE:RWT)

Wellington Management Group LLP increased its stake in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 164.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,314,715 shares of the real estate investment trust's stock after acquiring an additional 7,035,524 shares during the period. Wellington Management Group LLP owned approximately 8.60% of Redwood Trust worth $83,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HST Ventures LLC increased its stake in Redwood Trust by 4.4% during the fourth quarter. HST Ventures LLC now owns 1,442,812 shares of the real estate investment trust's stock worth $10,691,000 after acquiring an additional 61,111 shares during the last quarter. Sculati Wealth Management LLC raised its holdings in Redwood Trust by 6.6% in the fourth quarter. Sculati Wealth Management LLC now owns 162,804 shares of the real estate investment trust's stock valued at $1,206,000 after buying an additional 10,150 shares during the period. TCW Group Inc. lifted its position in Redwood Trust by 3.2% during the fourth quarter. TCW Group Inc. now owns 82,852 shares of the real estate investment trust's stock valued at $614,000 after buying an additional 2,541 shares in the last quarter. Quest Partners LLC acquired a new position in Redwood Trust during the fourth quarter valued at approximately $107,000. Finally, Dynamic Technology Lab Private Ltd grew 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 worth $180,000 after buying an additional 1,847 shares during the period. Institutional investors and hedge funds own 74.34% of the company's stock.

Redwood Trust Stock Performance

RWT stock remained flat at $6.33 during midday trading on Friday. The company's stock had a trading volume of 2,614,445 shares, compared to its average volume of 744,033. The business has a 50-day moving average of $6.23 and a 200 day moving average of $6.52. Redwood Trust, Inc. has a 52 week low of $5.45 and a 52 week high of $8.30. The firm has a market capitalization of $836.51 million, a PE ratio of 90.43 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Friday, June 21st. Redwood Trust's dividend payout ratio is presently 914.29%.

Insider Buying and Selling

In related news, CFO Brooke Carillo purchased 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $6.25 per share, with a total value 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 legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

RWT has been the subject of a number of research reports. Wedbush reaffirmed a "neutral" rating and set a $6.50 price target on shares of Redwood Trust in a research report on Wednesday, May 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $8.00 target price on shares of Redwood Trust in a research report on Thursday, April 18th. Keefe, Bruyette & Woods dropped their target price on Redwood Trust from $7.75 to $7.25 and set an "outperform" rating on the stock in a report on Wednesday, April 10th. Finally, UBS Group decreased their price target on Redwood Trust from $9.00 to $8.50 and set a "buy" rating for the company in a report on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.66.

Redwood Trust 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.