JMP Securities Reaffirms Market Outperform Rating for Redwood Trust (NYSE:RWT)

JMP Securities reiterated their market outperform rating on shares of Redwood Trust (NYSE:RWT - Free Report) in a report published on Friday,Benzinga reports. They currently have a $8.00 price target on the real estate investment trust's stock.

A number of other equities analysts have also 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. JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.84.

Redwood Trust Stock Down 0.9 %

Shares of RWT stock traded down $0.06 during mid-day trading on Friday, reaching $6.33. 1,182,871 shares of the company's stock traded hands, compared to its average volume of 868,938. The company has a market cap of $838.19 million, a P/E ratio of 11.50 and a beta of 1.57. 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 12 month low of $5.45 and a 12 month high of $8.15. The company's 50-day moving average price is $6.55 and its 200-day moving average price is $7.08.

Redwood Trust (NYSE:RWT - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.35% and a return on equity of 6.01%. The firm had revenue of $27.60 million for the quarter, compared to analysts' expectations of $26.00 million. On average, equities analysts expect that Redwood Trust will post 0.55 earnings per share for the current fiscal year.

Redwood Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 23rd were paid a $0.18 dividend. This is an increase 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 11.38%. Redwood Trust's payout ratio is 130.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Redwood Trust by 65.4% during the third quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 2,043 shares in the last quarter. Creative Planning purchased a new position in shares of Redwood Trust in the 3rd quarter worth approximately $91,000. Clear Harbor Asset Management LLC bought a new position in shares of Redwood Trust during the 3rd quarter worth approximately $722,000. Golden State Equity Partners lifted its position in Redwood Trust by 19.3% during the third quarter. Golden State Equity Partners now owns 70,562 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 11,396 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in Redwood Trust by 22.8% in the third quarter. Ceredex Value Advisors LLC now owns 1,113,600 shares of the real estate investment trust's stock valued at $8,608,000 after acquiring an additional 207,088 shares in the last quarter. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

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.