Redwood Trust (RWT) to Release Earnings on Thursday

Redwood Trust (NYSE:RWT - Get Free Report) will likely be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Redwood Trust to post earnings of $0.16 per share and revenue of $31.07 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Redwood Trust Stock Down 1.8 %

Shares of NYSE:RWT traded down $0.12 during trading on Friday, reaching $6.60. 545,868 shares of the company traded hands, compared to its average volume of 764,295. The firm has a fifty day simple moving average of $6.63 and a 200 day simple moving average of $7.12. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.55. Redwood Trust has a 1-year low of $5.45 and a 1-year high of $8.15. The firm has a market cap of $874.63 million, a P/E ratio of 12.00 and a beta of 1.57.

Redwood Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 23rd were given a dividend of $0.18 per share. This is a boost from Redwood Trust's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 10.91%. Redwood Trust's dividend payout ratio (DPR) is presently 130.91%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. JMP Securities dropped their price objective on Redwood Trust from $9.00 to $8.00 and set a "market outperform" rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Redwood Trust from $7.00 to $6.50 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Redwood Trust has a consensus rating of "Moderate Buy" and an average price target of $7.84.

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.