150,000 Shares in Redwood Trust, Inc. (NYSE:RWT) Purchased by Mariner Investment Group LLC

Mariner Investment Group LLC bought a new position in Redwood Trust, Inc. (NYSE:RWT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 150,000 shares of the real estate investment trust's stock, valued at approximately $910,000. Redwood Trust makes up about 0.4% of Mariner Investment Group LLC's portfolio, making the stock its 20th biggest position. Mariner Investment Group LLC owned 0.11% of Redwood Trust as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. LaSalle St. Investment Advisors LLC bought a new stake in Redwood Trust during the 4th quarter valued at $37,000. Zacks Investment Management bought a new stake in Redwood Trust during the 4th quarter valued at $74,000. Cibc World Markets Corp bought a new stake in Redwood Trust during the 4th quarter valued at $80,000. Tower Research Capital LLC TRC raised its stake in Redwood Trust by 239.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,566 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 8,863 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Redwood Trust during the 4th quarter valued at $95,000. Institutional investors and hedge funds own 74.34% of the company's stock.

Redwood Trust Stock Down 0.2%

Shares of RWT stock traded down $0.02 on Wednesday, reaching $6.13. 198,661 shares of the company's stock traded hands, compared to its average volume of 934,120. Redwood Trust, Inc. has a 12-month low of $4.68 and a 12-month high of $8.15. The company has a debt-to-equity ratio of 16.32, a quick ratio of 39.35 and a current ratio of 39.35. The company has a market capitalization of $815.36 million, a P/E ratio of 27.84 and a beta of 1.30. The business's 50 day moving average price is $5.78 and its two-hundred day moving average price is $6.02.

Redwood Trust (NYSE:RWT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). Redwood Trust had a net margin of 3.93% and a return on equity of 7.82%. The firm had revenue of $73.80 million during the quarter, compared to analysts' expectations of $26.55 million. On average, equities analysts forecast that Redwood Trust, Inc. will post 0.78 earnings per share for the current year.

Redwood Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a $0.18 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 11.76%. Redwood Trust's dividend payout ratio (DPR) is currently 327.27%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods downgraded Redwood Trust from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $7.00 to $6.50 in a research note on Thursday, July 10th. JMP Securities dropped their price objective on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Jones Trading reissued a "buy" rating and issued a $7.00 price objective on shares of Redwood Trust in a research note on Friday, May 2nd. Wall Street Zen raised Redwood Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group boosted their price objective on Redwood Trust from $6.50 to $7.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Redwood Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.39.

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.