Redwood Trust’s (RWT) Market Outperform Rating Reiterated at JMP Securities

Redwood Trust (NYSE:RWT)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research note issued on Friday,Benzinga reports. They currently have a $8.00 price target on the real estate investment trust’s stock. JMP Securities’ target price suggests a potential upside of 30.61% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.84.

Redwood Trust Stock Down 5.2 %

RWT stock traded down $0.34 during midday trading on Friday, hitting $6.13. The company’s stock had a trading volume of 1,412,649 shares, compared to its average volume of 807,962. The company has a market cap of $811.69 million, a PE ratio of 11.14 and a beta of 1.57. Redwood Trust has a 12 month low of $5.45 and a 12 month high of $8.15. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. The firm’s 50-day moving average is $6.58 and its 200-day moving average is $7.10.

Redwood Trust (NYSE:RWT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Redwood Trust had a net margin of 9.35% and a return on equity of 6.01%. On average, equities research analysts forecast that Redwood Trust will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Redwood Trust by 14.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 154,404 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 19,094 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Redwood Trust by 239.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,566 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 8,863 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Redwood Trust by 8.6% during the fourth quarter. MetLife Investment Management LLC now owns 75,463 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 5,951 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Redwood Trust during the fourth quarter valued at about $74,000. Finally, Ceredex Value Advisors LLC grew its position in shares of Redwood Trust by 6.9% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,190,050 shares of the real estate investment trust’s stock valued at $7,771,000 after purchasing an additional 76,450 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

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 three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.