UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 97,205 Shares of Redwood Trust, Inc. (NYSE:RWT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 388,768 shares of the real estate investment trust's stock after acquiring an additional 97,205 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Redwood Trust worth $2,539,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Redwood Trust by 14.4% in the fourth quarter. Northern Trust Corp now owns 1,569,301 shares of the real estate investment trust's stock worth $10,248,000 after purchasing an additional 197,719 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Redwood Trust by 2.9% in 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. Van ECK Associates Corp lifted its position in 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 valued at $7,089,000 after buying an additional 165,281 shares during the period. Boston Partners lifted its position in Redwood Trust by 8.3% during the 4th quarter. Boston Partners now owns 2,707,027 shares of the real estate investment trust's stock valued at $17,561,000 after acquiring an additional 206,698 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 valued at $6,554,000 after purchasing an additional 89,335 shares during the last quarter. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RWT. Wall Street Zen raised Redwood Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Jones Trading reissued a "buy" rating and set a $7.00 price objective on shares of Redwood Trust in a research report on Friday, May 2nd. UBS Group raised their price objective on shares of Redwood Trust from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Redwood Trust from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, JMP Securities cut their price target 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $7.44.

Redwood Trust Stock Performance

Shares of RWT stock traded up $0.16 during trading hours on Tuesday, reaching $5.84. The company had a trading volume of 601,539 shares, compared to its average volume of 943,130. 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 business has a fifty day moving average price of $5.63 and a 200-day moving average price of $6.23. Redwood Trust, Inc. has a one year low of $4.68 and a one year high of $8.15. The firm has a market cap of $776.74 million, a PE ratio of 17.68 and a beta of 1.30.

Redwood Trust (NYSE:RWT - Get Free Report) last posted 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 return on equity of 6.91% and a net margin of 9.35%. The company had revenue of $73.80 million during the quarter, compared to the consensus estimate of $26.55 million. Sell-side analysts predict that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.72 annualized dividend and a yield of 12.34%. Redwood Trust's payout ratio is 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.