Redwood Trust, Inc. Declares Quarterly Dividend of $0.18 (NYSE:RWT)

Redwood Trust, Inc. (NYSE:RWT - Get Free Report) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Shareholders of record on Monday, March 24th will be given a dividend of 0.18 per share by the real estate investment trust on Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date of this dividend is Monday, March 24th.

Redwood Trust has decreased its dividend payment by an average of 4.9% annually over the last three years. Redwood Trust has a dividend payout ratio of 94.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Redwood Trust to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 80.0%.

Redwood Trust Trading Down 0.2 %

Shares of NYSE:RWT traded down $0.02 during mid-day trading on Monday, hitting $6.38. The company had a trading volume of 696,538 shares, compared to its average volume of 916,500. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. Redwood Trust has a one year low of $5.46 and a one year high of $8.15. The firm has a fifty day moving average price of $6.44 and a 200 day moving average price of $6.99. The company has a market capitalization of $844.82 million, a PE ratio of 19.32 and a beta of 1.63.

Redwood Trust (NYSE:RWT - Get Free Report) last released its quarterly earnings data 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 net margin of 9.35% and a return on equity of 6.91%. The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $26.00 million. As a group, research analysts forecast that Redwood Trust will post 0.78 EPS for the current year.

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Wall Street Analyst Weigh In

RWT has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Redwood Trust from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and set a $8.00 target price on shares of Redwood Trust in a research report on Friday, February 14th. Finally, StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.75.

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.