Redwood Trust, Inc. (NYSE:RWT) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,994,294 shares of the real estate investment trust's stock after buying an additional 321,612 shares during the period. Balyasny Asset Management L.P. owned about 1.50% of Redwood Trust worth $13,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of RWT. Principal Financial Group Inc. increased its position in shares of Redwood Trust by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 641,410 shares of the real estate investment trust's stock worth $4,188,000 after purchasing an additional 18,164 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Redwood Trust by 4.6% during the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust's stock worth $548,000 after purchasing an additional 3,206 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Redwood Trust by 18.0% during the fourth quarter. Van ECK Associates Corp now owns 1,085,593 shares of the real estate investment trust's stock worth $7,089,000 after purchasing an additional 165,281 shares in the last quarter. Boston Partners increased its position in shares of Redwood Trust by 8.3% during the fourth quarter. Boston Partners now owns 2,707,027 shares of the real estate investment trust's stock worth $17,561,000 after purchasing an additional 206,698 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Redwood Trust by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,003,627 shares of the real estate investment trust's stock worth $6,554,000 after purchasing an additional 89,335 shares in the last quarter. Institutional investors own 74.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Redwood Trust from $5.50 to $6.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their price target on Redwood Trust from $7.75 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Jones Trading reaffirmed a "buy" rating and set a $7.00 price target on shares of Redwood Trust in a research report on Friday, May 2nd. Finally, JMP Securities dropped their price objective on shares of Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.44.

Redwood Trust Stock Performance

Shares of RWT traded down $0.07 during trading hours on Wednesday, reaching $5.87. 217,751 shares of the company traded hands, compared to its average volume of 943,687. The stock has a market capitalization of $780.61 million, a P/E ratio of 17.79 and a beta of 1.45. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.09. Redwood Trust, Inc. has a 12-month low of $4.68 and a 12-month high of $8.15. The business has a fifty day moving average price of $5.87 and a 200-day moving average price of $6.45.

Redwood Trust (NYSE:RWT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The business had revenue of $73.80 million for the quarter, compared to analyst estimates of $26.55 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. Equities analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 12.27%. Redwood Trust's dividend payout ratio is presently 327.27%.

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.