Ceredex Value Advisors LLC Boosts Holdings in Redwood Trust, Inc. (NYSE:RWT)

Ceredex Value Advisors LLC increased its holdings in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,190,050 shares of the real estate investment trust's stock after purchasing an additional 76,450 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.90% of Redwood Trust worth $7,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Redwood Trust by 2.0% during the third quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust's stock valued at $40,116,000 after buying an additional 102,274 shares during the period. Principal Financial Group Inc. raised its holdings in Redwood Trust by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 641,410 shares of the real estate investment trust's stock worth $4,188,000 after purchasing an additional 18,164 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Redwood Trust by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust's stock worth $548,000 after purchasing an additional 3,206 shares during the period. Van ECK Associates Corp increased its position in shares of Redwood Trust by 18.0% during the fourth quarter. Van ECK Associates Corp now owns 1,085,593 shares of the real estate investment trust's stock valued at $7,089,000 after buying an additional 165,281 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Redwood Trust by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust's stock worth $23,492,000 after buying an additional 25,444 shares during the period. Hedge funds and other institutional investors own 74.34% of the company's stock.

Redwood Trust Stock Performance

Shares of Redwood Trust stock traded up $0.23 during trading on Tuesday, hitting $5.70. 390,465 shares of the company's stock traded hands, compared to its average volume of 952,269. Redwood Trust, Inc. has a 1 year low of $4.68 and a 1 year high of $8.15. The business has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $6.62. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The stock has a market capitalization of $757.34 million, a P/E ratio of 17.26 and a beta of 1.15.

Redwood Trust (NYSE:RWT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The company had revenue of $27.60 million during the quarter, compared to the consensus estimate of $26.00 million. As a group, analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 12.64%. Redwood Trust's dividend payout ratio is presently 218.18%.

Analysts Set New Price Targets

RWT has been the subject of a number of research analyst reports. JMP Securities lowered their target price on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Jones Trading reduced their target price on shares of Redwood Trust from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Redwood Trust from $6.50 to $5.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Five research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

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.