Wellington Management Group LLP Has $74.24 Million Position in Redwood Trust, Inc. (NYSE:RWT)

Wellington Management Group LLP lowered its holdings in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,369,304 shares of the real estate investment trust's stock after selling 3,241,960 shares during the quarter. Wellington Management Group LLP owned 8.58% of Redwood Trust worth $74,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Redwood Trust by 7.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,909 shares of the real estate investment trust's stock worth $223,000 after acquiring an additional 1,932 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Redwood Trust by 18.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,725 shares of the real estate investment trust's stock valued at $230,000 after purchasing an additional 4,527 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Redwood Trust by 37.2% in 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 buying an additional 79,094 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Redwood Trust in the third quarter worth about $101,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Redwood Trust in the third quarter worth about $1,217,000. 74.34% of the stock is owned by institutional investors.

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Redwood Trust Stock Down 6.8 %

Redwood Trust stock traded down $0.37 during trading on Thursday, reaching $5.05. 506,211 shares of the company's stock were exchanged, compared to its average volume of 950,349. 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's 50-day moving average is $6.23 and its two-hundred day moving average is $6.75. The firm has a market cap of $671.70 million, a price-to-earnings ratio of 15.32 and a beta of 1.15. Redwood Trust, Inc. has a 52-week low of $4.68 and a 52-week high of $8.15.

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

Redwood Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.72 annualized dividend and a yield of 14.25%. Redwood Trust's dividend payout ratio (DPR) is 218.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RWT. JMP Securities reissued 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 upgraded Redwood Trust from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price target on Redwood Trust from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Five research 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's stock. Based on data from MarketBeat, Redwood Trust has a consensus rating of "Moderate Buy" and an average target price of $7.75.

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.