ValuEngine lowered shares of Redwood Trust, Inc. (NYSE:RWT) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently commented on RWT. BidaskClub cut shares of Redwood Trust from a buy rating to a hold rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Redwood Trust from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG decreased their price target on shares of Redwood Trust from $18.50 to $17.00 and set a buy rating for the company in a report on Wednesday, November 8th.

Shares of Redwood Trust (NYSE RWT) opened at $14.73 on Friday. Redwood Trust has a 52-week low of $14.43 and a 52-week high of $17.45. The company has a debt-to-equity ratio of 2.91, a quick ratio of 3.36 and a current ratio of 3.36. The company has a market cap of $1,135.90, a P/E ratio of 10.60 and a beta of 0.92.

Redwood Trust (NYSE:RWT) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). Redwood Trust had a net margin of 41.62% and a return on equity of 9.87%. The firm had revenue of $35.00 million for the quarter, compared to analysts’ expectations of $36.86 million. During the same period in the previous year, the company earned $0.58 EPS. The company’s revenue was down 10.3% on a year-over-year basis. equities analysts forecast that Redwood Trust will post 1.39 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.60%. Redwood Trust’s dividend payout ratio is currently 70.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of RWT. UBS Asset Management Americas Inc. raised its holdings in shares of Redwood Trust by 39.2% in the first quarter. UBS Asset Management Americas Inc. now owns 39,112 shares of the real estate investment trust’s stock worth $650,000 after buying an additional 11,015 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Redwood Trust in the first quarter worth $107,000. Teachers Advisors LLC raised its holdings in shares of Redwood Trust by 2.6% in the first quarter. Teachers Advisors LLC now owns 129,073 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 3,248 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Redwood Trust by 3.8% in the first quarter. Vanguard Group Inc. now owns 6,165,829 shares of the real estate investment trust’s stock worth $102,414,000 after buying an additional 224,548 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Redwood Trust by 3.1% in the first quarter. Geode Capital Management LLC now owns 686,358 shares of the real estate investment trust’s stock worth $11,400,000 after buying an additional 20,330 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

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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