Redwood Trust, Inc. (NYSE:RWT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Redwood Trust, Inc. (NYSE:RWT) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.8929.

RWT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Redwood Trust from a “neutral” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Friday, January 23rd. Wall Street Zen downgraded shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Monday, April 6th. Citigroup reiterated a “market perform” rating on shares of Redwood Trust in a report on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Redwood Trust in a report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Redwood Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

Hedge Funds Weigh In On Redwood Trust

A number of large investors have recently made changes to their positions in RWT. Clearstead Advisors LLC increased its holdings in shares of Redwood Trust by 192.5% in the 4th quarter. Clearstead Advisors LLC now owns 5,428 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 3,572 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 6,082 shares in the last quarter. CWM LLC increased its holdings in shares of Redwood Trust by 54.2% in the 3rd quarter. CWM LLC now owns 9,514 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 3,346 shares in the last quarter. Westbourne Investments Inc. purchased a new position in shares of Redwood Trust in the 4th quarter valued at about $55,000. Finally, Bank of Marin purchased a new position in Redwood Trust during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Redwood Trust Stock Up 3.0%

Shares of Redwood Trust stock opened at $5.73 on Monday. The company has a market cap of $715.63 million, a P/E ratio of -7.34 and a beta of 1.40. The company has a debt-to-equity ratio of 26.42, a quick ratio of 55.15 and a current ratio of 55.15. Redwood Trust has a one year low of $5.00 and a one year high of $6.97. The firm has a fifty day moving average of $5.81 and a two-hundred day moving average of $5.67.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $24.88 million. Redwood Trust had a positive return on equity of 14.27% and a negative net margin of 9.70%. On average, analysts forecast that Redwood Trust will post 1.28 earnings per share for the current year.

Redwood Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date was Tuesday, March 24th. Redwood Trust’s dividend payout ratio (DPR) is currently -118.03%.

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.