BidaskClub upgraded shares of Redwood Trust, Inc. (NYSE:RWT) from a hold rating to a buy rating in a report issued on Tuesday.

RWT has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Redwood Trust from a strong sell rating to a hold rating in a research report on Tuesday, May 2nd. ValuEngine cut shares of Redwood Trust from a strong-buy rating to a buy rating in a research report on Friday, June 2nd.

Redwood Trust (RWT) opened at 16.82 on Tuesday. The stock has a 50 day moving average price of $17.03 and a 200 day moving average price of $16.80. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.83 and a beta of 0.89. Redwood Trust has a 52-week low of $13.22 and a 52-week high of $17.45.

Redwood Trust (NYSE:RWT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. Redwood Trust had a net margin of 46.04% and a return on equity of 12.02%. The firm had revenue of $60 million during the quarter, compared to analysts’ expectations of $33.59 million. During the same quarter in the previous year, the firm posted $0.48 EPS. Analysts anticipate that Redwood Trust will post $1.49 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Thursday, September 14th. Redwood Trust’s dividend payout ratio is currently 64.00%.

Several institutional investors have recently made changes to their positions in RWT. North Star Investment Management Corp. boosted its position in shares of Redwood Trust by 0.3% in the second quarter. North Star Investment Management Corp. now owns 28,770 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 80 shares in the last quarter. Comerica Bank boosted its position in shares of Redwood Trust by 0.8% in the first quarter. Comerica Bank now owns 11,286 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 95 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Redwood Trust by 1.6% in the second quarter. Public Employees Retirement System of Ohio now owns 7,003 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 113 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Redwood Trust by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 39,228 shares of the real estate investment trust’s stock valued at $668,000 after buying an additional 116 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Redwood Trust by 3.7% in the second quarter. Advisory Services Network LLC now owns 14,154 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 510 shares in the last quarter. Institutional investors own 85.71% 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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