Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Redwood Trust (RWT) Share Price
News coverage about Redwood Trust (NYSE:RWT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Redwood Trust earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.4746270460672 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Redwood Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG cut their price target on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.
Redwood Trust (NYSE:RWT) traded up $0.09 during trading hours on Wednesday, reaching $15.10. 272,688 shares of the company traded hands, compared to its average volume of 344,007. The company has a market capitalization of $1,159.04, a PE ratio of 10.81 and a beta of 0.92. Redwood Trust has a twelve month low of $14.29 and a twelve month high of $17.45. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.91.
Redwood Trust (NYSE:RWT) last announced 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 business had revenue of $35.00 million for the quarter, compared to the consensus estimate of $36.86 million. During the same quarter last year, the firm posted $0.58 EPS. The business’s quarterly revenue was down 10.3% on a year-over-year basis. analysts predict that Redwood Trust will post 1.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Thursday, December 14th. Redwood Trust’s dividend payout ratio (DPR) is presently 70.89%.
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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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