Sterling Capital Management LLC Has $417,000 Holdings in Redwood Trust, Inc. (NYSE:RWT)

Sterling Capital Management LLC lifted its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 13,592.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,808 shares of the real estate investment trust's stock after acquiring an additional 63,342 shares during the quarter. Sterling Capital Management LLC's holdings in Redwood Trust were worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sovran Advisors LLC purchased a new stake in shares of Redwood Trust in the fourth quarter valued at $63,000. KBC Group NV lifted its holdings in Redwood Trust by 86.7% in the 4th quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 4,788 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Redwood Trust during the 4th quarter worth about $80,000. CIBC Asset Management Inc purchased a new stake in shares of Redwood Trust during the fourth quarter worth about $86,000. Finally, Callan Capital LLC purchased a new position in shares of Redwood Trust during the fourth quarter valued at approximately $163,000. Institutional investors and hedge funds own 74.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RWT shares. StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. JMP Securities dropped their price target on shares of Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on Redwood Trust from $6.50 to $5.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Jones Trading decreased their price target on Redwood Trust from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Redwood Trust has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

Redwood Trust Stock Performance

Shares of RWT traded up $0.03 during mid-day trading on Thursday, reaching $5.88. 179,580 shares of the company's stock traded hands, compared to its average volume of 955,088. 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 business's 50-day moving average price is $6.01 and its 200-day moving average price is $6.60. The stock has a market capitalization of $781.28 million, a P/E ratio of 17.77 and a beta of 1.15. Redwood Trust, Inc. has a 12 month low of $4.68 and a 12 month high of $8.15.

Redwood Trust (NYSE:RWT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts predict that Redwood Trust, Inc. will post 0.78 earnings per share for the current year.

Redwood Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date of this dividend was Monday, March 24th. Redwood Trust's dividend payout ratio (DPR) is presently 218.18%.

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.