RMB Capital Management LLC increased its position in Redwood Trust, Inc. (NYSE:RWT) by 79.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 429,997 shares of the real estate investment trust’s stock after buying an additional 189,722 shares during the period. RMB Capital Management LLC owned 0.44% of Redwood Trust worth $7,108,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RWT. NEXT Financial Group Inc acquired a new position in Redwood Trust in the second quarter worth approximately $52,000. Catalyst Capital Advisors LLC acquired a new position in Redwood Trust in the first quarter worth approximately $55,000. Bank of Montreal Can increased its holdings in Redwood Trust by 77.1% in the first quarter. Bank of Montreal Can now owns 4,473 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 1,947 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Redwood Trust by 19.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,704 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 778 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in Redwood Trust by 28.0% in the first quarter. Synovus Financial Corp now owns 4,917 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

NYSE:RWT traded down $0.15 during mid-day trading on Friday, reaching $16.72. The stock had a trading volume of 743,109 shares, compared to its average volume of 1,701,033. The business’s 50 day moving average is $16.85 and its 200 day moving average is $16.32. Redwood Trust, Inc. has a fifty-two week low of $14.29 and a fifty-two week high of $17.28. The stock has a market cap of $1.87 billion, a P/E ratio of 9.39 and a beta of 0.67. The company has a debt-to-equity ratio of 6.07, a current ratio of 4.41 and a quick ratio of 4.41.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Redwood Trust had a return on equity of 10.71% and a net margin of 21.26%. The company had revenue of $32.00 million for the quarter, compared to the consensus estimate of $42.20 million. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities analysts expect that Redwood Trust, Inc. will post 1.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 7.18%. Redwood Trust’s dividend payout ratio (DPR) is presently 67.42%.

A number of equities analysts recently commented on the company. Nomura increased their price objective on Redwood Trust from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Zacks Investment Research upgraded Redwood Trust from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.30.

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 two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations, as well as issued by third parties and other credit risk-related investments; and invests directly in residential mortgage loans.

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Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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