Vanguard Group Inc. decreased its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,773,567 shares of the real estate investment trust's stock after selling 69,872 shares during the quarter. Vanguard Group Inc. owned approximately 11.15% of Redwood Trust worth $96,471,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of RWT. Sovran Advisors LLC acquired a new position in shares of Redwood Trust during the fourth quarter worth $63,000. KBC Group NV raised its position in shares of Redwood Trust by 86.7% during the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 4,788 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Redwood Trust in the fourth quarter worth approximately $80,000. Verition Fund Management LLC acquired a new position in shares of Redwood Trust in the 3rd quarter worth approximately $101,000. Finally, CIBC Asset Management Inc bought a new stake in Redwood Trust during the fourth quarter valued at $86,000. Institutional investors own 74.34% of the company's stock.
Redwood Trust Stock Up 2.0 %
NYSE RWT traded up $0.11 during mid-day trading on Tuesday, hitting $5.34. The company's stock had a trading volume of 127,978 shares, compared to its average volume of 1,010,586. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.09. The company's 50 day simple moving average is $6.15 and its 200 day simple moving average is $6.69. Redwood Trust, Inc. has a twelve month low of $4.68 and a twelve month high of $8.15. The firm has a market capitalization of $709.46 million, a price-to-earnings ratio of 16.17 and a beta of 1.15.
Redwood Trust (NYSE:RWT - Get Free Report) last posted its earnings results 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 return on equity of 6.91% and a net margin of 9.35%. The business had revenue of $27.60 million for the quarter, compared to the consensus estimate of $26.00 million. Analysts anticipate that Redwood Trust, Inc. will post 0.78 earnings per share for the current year.
Redwood Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, March 24th. This represents a $0.72 annualized dividend and a yield of 13.50%. Redwood Trust's dividend payout ratio (DPR) is currently 218.18%.
Analyst Ratings Changes
Several research firms recently commented on RWT. JMP Securities reaffirmed a "market outperform" rating and set a $8.00 target price on shares of Redwood Trust in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of Redwood Trust from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.83.
Read Our Latest Stock Analysis on Redwood Trust
Redwood Trust Company Profile
(
Free Report)
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.
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