Redwood Trust (NYSE:RWT) Stock Rating Lowered by Wall Street Zen

Redwood Trust (NYSE:RWT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other analysts have also commented on RWT. Weiss Ratings reiterated a “sell (d)” rating on shares of Redwood Trust in a report on Thursday, January 22nd. Zacks Research upgraded Redwood Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. JonesTrading reaffirmed a “buy” rating and set a $6.25 target price on shares of Redwood Trust in a research report on Tuesday, March 3rd. Citigroup reiterated a “market perform” rating on shares of Redwood Trust in a research note on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Redwood Trust from $5.75 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.96.

Redwood Trust Trading Down 8.4%

NYSE:RWT opened at $5.38 on Friday. The company has a debt-to-equity ratio of 24.34, a quick ratio of 55.15 and a current ratio of 55.15. The firm has a market cap of $671.82 million, a price-to-earnings ratio of -8.81 and a beta of 1.55. Redwood Trust has a 52 week low of $4.68 and a 52 week high of $6.97. The firm has a 50-day moving average price of $5.90 and a two-hundred day moving average price of $5.71.

Redwood Trust (NYSE:RWT) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $140.33 million for the quarter, compared to the consensus estimate of $24.88 million. Redwood Trust had a positive return on equity of 12.00% and a negative net margin of 5.93%. On average, equities analysts expect that Redwood Trust will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Redwood Trust

Large investors have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Redwood Trust by 521.1% during the 4th quarter. UBS Group AG now owns 3,875,226 shares of the real estate investment trust’s stock valued at $21,430,000 after buying an additional 3,251,302 shares during the last quarter. Wellington Management Group LLP increased its holdings in Redwood Trust by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 15,020,483 shares of the real estate investment trust’s stock worth $86,969,000 after acquiring an additional 1,395,675 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Redwood Trust by 52.8% in the 4th quarter. Evergreen Capital Management LLC now owns 1,674,009 shares of the real estate investment trust’s stock valued at $9,257,000 after acquiring an additional 578,301 shares during the period. Tran Capital Management L.P. bought a new stake in Redwood Trust in the 4th quarter valued at about $2,947,000. Finally, Invesco Ltd. lifted its holdings in Redwood Trust by 25.4% during the fourth quarter. Invesco Ltd. now owns 2,551,067 shares of the real estate investment trust’s stock valued at $14,107,000 after purchasing an additional 516,630 shares during the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.

About Redwood Trust

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.