Prudent Man Advisors LLC Increases Stock Position in Redwood Trust, Inc. $RWT

Prudent Man Advisors LLC lifted its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 26.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 28,369 shares of the real estate investment trust’s stock after buying an additional 5,987 shares during the period. Prudent Man Advisors LLC’s holdings in Redwood Trust were worth $168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RWT. Quantbot Technologies LP acquired a new position in Redwood Trust during the first quarter worth approximately $37,000. CWM LLC increased its position in Redwood Trust by 270.5% during the second quarter. CWM LLC now owns 6,168 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 4,503 shares during the last quarter. AlphaQuest LLC increased its position in Redwood Trust by 165.5% during the first quarter. AlphaQuest LLC now owns 8,589 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 5,354 shares during the last quarter. Carrera Capital Advisors acquired a new position in Redwood Trust during the first quarter worth approximately $65,000. Finally, XTX Topco Ltd acquired a new position in Redwood Trust during the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Redwood Trust Price Performance

RWT opened at $5.65 on Monday. The company has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.83. The firm has a market cap of $729.45 million, a price-to-earnings ratio of -8.82 and a beta of 1.43. Redwood Trust, Inc. has a twelve month low of $4.68 and a twelve month high of $7.90. The company has a current ratio of 40.39, a quick ratio of 40.39 and a debt-to-equity ratio of 20.00.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Redwood Trust had a negative net margin of 6.93% and a positive return on equity of 8.70%. The company had revenue of ($38.10) million for the quarter, compared to the consensus estimate of $31.00 million. Equities research analysts expect that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date was Tuesday, September 23rd. Redwood Trust’s dividend payout ratio (DPR) is presently -112.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RWT shares. JMP Securities dropped their price target on shares of Redwood Trust from $7.50 to $7.00 and set a “market outperform” rating for the company in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 2nd. UBS Group upped their price target on shares of Redwood Trust from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Redwood Trust in a research report on Saturday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Redwood Trust from $6.50 to $5.75 and set a “market perform” rating for the company in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.88.

Redwood Trust 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.