Redwood Trust, Inc. (NYSE:RWT) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Redwood Trust, Inc. (NYSE:RWT - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.75.

A number of equities research analysts have issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $8.00 target price on shares of Redwood Trust in a report on Friday, February 14th. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target on Redwood Trust from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Redwood Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC lifted its position in shares of Redwood Trust by 182.1% during the 3rd quarter. Intech Investment Management LLC now owns 48,929 shares of the real estate investment trust's stock worth $378,000 after buying an additional 31,582 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Redwood Trust in the third quarter valued at $39,000. BNP Paribas Financial Markets boosted its stake in Redwood Trust by 7.2% in the third quarter. BNP Paribas Financial Markets now owns 28,909 shares of the real estate investment trust's stock valued at $223,000 after acquiring an additional 1,932 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Redwood Trust by 18.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,725 shares of the real estate investment trust's stock worth $230,000 after purchasing an additional 4,527 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Redwood Trust by 37.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,563 shares of the real estate investment trust's stock worth $2,254,000 after purchasing an additional 79,094 shares in the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

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Redwood Trust Trading Down 0.3 %

Shares of NYSE RWT traded down $0.02 during trading on Friday, reaching $6.16. The stock had a trading volume of 854,261 shares, compared to its average volume of 887,574. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36. The company has a market cap of $816.32 million, a P/E ratio of 18.67 and a beta of 1.63. Redwood Trust has a fifty-two week low of $5.46 and a fifty-two week high of $8.15. The business's 50-day moving average price is $6.44 and its 200-day moving average price is $6.94.

Redwood Trust (NYSE:RWT - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $27.60 million during the quarter, compared to analyst estimates of $26.00 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. On average, equities research analysts predict that Redwood Trust will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.69%. The ex-dividend date of this dividend is Monday, March 24th. Redwood Trust's dividend payout ratio (DPR) is presently 218.18%.

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.