Two Sigma Investments LP Cuts Stock Position in Redwood Trust, Inc. (NYSE:RWT)

Two Sigma Investments LP lowered its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 15.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 356,416 shares of the real estate investment trust's stock after selling 66,037 shares during the period. Two Sigma Investments LP owned about 0.27% of Redwood Trust worth $2,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC grew its holdings in shares of Redwood Trust by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 39,695 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 12,214 shares during the last quarter. Millennium Management LLC boosted its position in Redwood Trust by 52.5% during the 4th quarter. Millennium Management LLC now owns 88,003 shares of the real estate investment trust's stock worth $575,000 after buying an additional 30,286 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Redwood Trust by 10.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,253 shares of the real estate investment trust's stock worth $11,272,000 after acquiring an additional 169,729 shares during the last quarter. Focus Partners Wealth increased its position in Redwood Trust by 14.1% in the 4th quarter. Focus Partners Wealth now owns 20,164 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 2,488 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Redwood Trust by 61.9% during the fourth quarter. Deutsche Bank AG now owns 104,456 shares of the real estate investment trust's stock valued at $682,000 after acquiring an additional 39,943 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company's stock.

Redwood Trust Stock Up 0.2%

RWT traded up $0.01 during midday trading on Wednesday, reaching $5.55. 373,881 shares of the company were exchanged, compared to its average volume of 943,556. Redwood Trust, Inc. has a one year low of $4.68 and a one year high of $8.15. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36. The company's fifty day moving average price is $5.66 and its 200 day moving average price is $6.27. The company has a market cap of $738.80 million, a price-to-earnings ratio of 16.82 and a beta of 1.45.

Redwood Trust (NYSE:RWT - Get Free Report) last released its quarterly 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). The company had revenue of $73.80 million during the quarter, compared to analysts' expectations of $26.55 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. As a group, analysts expect that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date of this dividend was Monday, March 24th. Redwood Trust's payout ratio is 327.27%.

Wall Street Analyst Weigh In

RWT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Redwood Trust from $7.75 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. UBS Group boosted their target price on shares of Redwood Trust from $6.50 to $7.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wall Street Zen raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Jones Trading reissued a "buy" rating and issued a $7.00 price objective on shares of Redwood Trust in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Redwood Trust from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

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.