UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Redwood Trust, Inc. (NYSE:RWT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 37.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,563 shares of the real estate investment trust's stock after purchasing an additional 79,094 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Redwood Trust worth $2,254,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RWT. Ceredex Value Advisors LLC grew its holdings in Redwood Trust by 48.8% during the 2nd quarter. Ceredex Value Advisors LLC now owns 906,512 shares of the real estate investment trust's stock valued at $5,883,000 after purchasing an additional 297,100 shares during the last quarter. Van ECK Associates Corp lifted its position in Redwood Trust by 21.7% during the second quarter. Van ECK Associates Corp now owns 976,283 shares of the real estate investment trust's stock valued at $6,336,000 after acquiring an additional 174,317 shares during the last quarter. Wulff Hansen & CO. increased its stake in Redwood Trust by 549.0% during the 2nd quarter. Wulff Hansen & CO. now owns 128,463 shares of the real estate investment trust's stock valued at $834,000 after purchasing an additional 108,669 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in Redwood Trust during the 3rd quarter valued at approximately $722,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Redwood Trust in the second quarter worth $242,000. 74.34% of the stock is currently owned by institutional investors.

Redwood Trust Price Performance

RWT traded up $0.29 during midday trading on Friday, hitting $7.13. 1,845,412 shares of the company traded hands, compared to its average volume of 691,636. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. The company has a market capitalization of $943.09 million, a price-to-earnings ratio of 12.96 and a beta of 1.57. Redwood Trust, Inc. has a 52-week low of $5.45 and a 52-week high of $8.15. The business has a 50 day simple moving average of $7.28 and a two-hundred day simple moving average of $7.15.

Redwood Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 23rd will be paid a $0.18 dividend. This is an increase from Redwood Trust's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Monday, December 23rd. Redwood Trust's dividend payout ratio (DPR) is currently 123.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RWT shares. JMP Securities increased their price objective on shares of Redwood Trust from $8.50 to $9.00 and gave the stock a "market outperform" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $7.00 price target (down from $8.00) on shares of Redwood Trust in a report on Monday, December 9th. Raymond James increased their price target on shares of Redwood Trust from $8.50 to $9.50 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. Wells Fargo & Company increased their price target on shares of Redwood Trust from $7.50 to $8.50 and gave the stock an "equal weight" rating in a report on Friday, September 20th. Finally, StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.03.

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.