Redwood Trust (NYSE:RWT) Earning Favorable Media Coverage, Study Finds
News articles about Redwood Trust (NYSE:RWT) have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Redwood Trust earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Redwood Trust, Inc. (NYSE:RWT) Expected to Post Earnings of $0.34 Per Share (americanbankingnews.com)
- Redwood Trust, Inc. (NYSE:RWT) Sees Significantly Lower Trading Volume (highlightpress.com)
- Redwood Trust, Inc. (NYSE:RWT) Lowered to Hold at BidaskClub (americanbankingnews.com)
- Redwood Trust : Announces Timing For Second Quarter 2017 Earnings Release And Earnings Call (4-traders.com)
- Redwood Trust Announces Timing For Second Quarter 2017 Earnings Release And Earnings Call (finance.yahoo.com)
Shares of Redwood Trust (NYSE:RWT) traded down 0.29% during mid-day trading on Thursday, hitting $17.31. 137,361 shares of the company’s stock were exchanged. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.51 and a beta of 0.89. Redwood Trust has a 52 week low of $13.22 and a 52 week high of $17.45. The firm has a 50 day moving average price of $17.13 and a 200-day moving average price of $16.66.
Redwood Trust (NYSE:RWT) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. Redwood Trust had a return on equity of 12.47% and a net margin of 67.67%. The company had revenue of $62 million during the quarter, compared to analyst estimates of $34.89 million. During the same period last year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that Redwood Trust will post $1.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.47%. Redwood Trust’s dividend payout ratio (DPR) is presently 62.22%.
Several analysts recently issued reports on the stock. ValuEngine cut shares of Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BidaskClub cut shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
In other Redwood Trust news, Director Karen R. Pallotta bought 3,027 shares of the stock in a transaction dated Monday, May 22nd. The stock was bought at an average cost of $16.53 per share, for a total transaction of $50,036.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.33% of the company’s stock.
Redwood Trust Company Profile
Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.
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