Mariner Investment Group LLC Takes $910,000 Position in Redwood Trust, Inc. (NYSE:RWT)

Mariner Investment Group LLC bought a new position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 150,000 shares of the real estate investment trust's stock, valued at approximately $910,000. Redwood Trust accounts for approximately 0.4% of Mariner Investment Group LLC's holdings, making the stock its 20th largest position. Mariner Investment Group LLC owned approximately 0.11% of Redwood Trust as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LaSalle St. Investment Advisors LLC acquired a new position in Redwood Trust during the fourth quarter worth $37,000. Zacks Investment Management acquired a new position in Redwood Trust in the fourth quarter valued at about $74,000. Cibc World Markets Corp bought a new position in Redwood Trust in the fourth quarter valued at about $80,000. Tower Research Capital LLC TRC boosted its position in Redwood Trust by 239.3% in 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 buying an additional 8,863 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Redwood Trust in the fourth quarter valued at approximately $95,000. 74.34% of the stock is currently owned by institutional investors and hedge funds.

Redwood Trust Stock Performance

Redwood Trust stock traded up $0.11 during trading on Tuesday, hitting $6.14. The stock had a trading volume of 313,185 shares, compared to its average volume of 934,113. Redwood Trust, Inc. has a 1 year low of $4.68 and a 1 year high of $8.15. The company has a quick ratio of 39.35, a current ratio of 39.35 and a debt-to-equity ratio of 16.32. The stock's 50 day moving average is $5.78 and its two-hundred day moving average is $6.02. The stock has a market cap of $816.68 million, a price-to-earnings ratio of 27.89 and a beta of 1.30.

Redwood Trust (NYSE:RWT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.14 earnings per share 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 business had revenue of $73.80 million during the quarter, compared to analysts' expectations of $26.55 million. As a group, analysts predict that Redwood Trust, Inc. will post 0.78 EPS 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. This represents a $0.72 annualized dividend and a yield of 11.74%. The ex-dividend date was Monday, June 23rd. Redwood Trust's dividend payout ratio is presently 327.27%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RWT. Keefe, Bruyette & Woods lowered shares of Redwood Trust from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $7.00 to $6.50 in a report on Thursday, July 10th. UBS Group increased their price target on Redwood Trust from $6.50 to $7.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen upgraded Redwood Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Jones Trading reaffirmed a "buy" rating and set a $7.00 price objective on shares of Redwood Trust in a report on Friday, May 2nd. Finally, JMP Securities reduced their price objective on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Six equities 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 company's stock. According to MarketBeat, Redwood Trust currently has an average 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.