Redwood Trust, Inc. $RWT Holdings Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 60.6% in the 4th quarter, HoldingsChannel reports. The firm owned 195,400 shares of the real estate investment trust’s stock after selling 300,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Redwood Trust were worth $1,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RWT. Russell Investments Group Ltd. raised its stake in shares of Redwood Trust by 331.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 6,082 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Redwood Trust during the 4th quarter worth approximately $55,000. GAMMA Investing LLC boosted its stake in Redwood Trust by 71.6% in the 4th quarter. GAMMA Investing LLC now owns 11,054 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 4,611 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Redwood Trust by 136.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,823 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 6,255 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Redwood Trust in the 3rd quarter valued at $64,000. 74.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RWT has been the subject of a number of recent research reports. Citigroup restated a “market perform” rating on shares of Redwood Trust in a research report on Wednesday, February 18th. JonesTrading reissued a “buy” rating and issued a $6.25 target price on shares of Redwood Trust in a research note on Thursday, April 30th. Wall Street Zen raised Redwood Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods upped their target price on Redwood Trust from $5.75 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, February 18th. Finally, Zacks Research lowered Redwood Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Redwood Trust has an average rating of “Hold” and an average price target of $6.89.

Redwood Trust Stock Performance

RWT opened at $5.29 on Friday. Redwood Trust, Inc. has a 12-month low of $5.00 and a 12-month high of $6.97. The stock has a market cap of $662.29 million, a price-to-earnings ratio of -6.78 and a beta of 1.40. The business has a 50 day moving average of $5.62 and a 200-day moving average of $5.65. The company has a quick ratio of 59.63, a current ratio of 59.63 and a debt-to-equity ratio of 28.42.

Redwood Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend was Tuesday, March 24th. Redwood Trust’s dividend payout ratio (DPR) is presently -92.31%.

Redwood Trust Profile

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.