Invesco Ltd. Raises Stock Position in Redwood Trust, Inc. (NYSE:RWT)

Invesco Ltd. boosted its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 150.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,995,520 shares of the real estate investment trust's stock after acquiring an additional 1,200,050 shares during the period. Invesco Ltd. owned 1.51% of Redwood Trust worth $13,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sovran Advisors LLC bought a new position in shares of Redwood Trust in the fourth quarter worth approximately $63,000. KBC Group NV increased its holdings in shares of Redwood Trust by 86.7% in the 4th quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock worth $67,000 after buying an additional 4,788 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Redwood Trust in the 4th quarter worth $80,000. CIBC Asset Management Inc purchased a new stake in shares of Redwood Trust during the 4th quarter valued at $86,000. Finally, Callan Capital LLC bought a new stake in shares of Redwood Trust during the 4th quarter worth $163,000. Institutional investors own 74.34% of the company's stock.

Analyst Upgrades and Downgrades

RWT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Redwood Trust from $6.50 to $5.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Jones Trading decreased their price objective on Redwood Trust from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. JMP Securities cut their target price 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. Finally, StockNews.com raised shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.50.

Redwood Trust Trading Up 1.5 %

RWT stock traded up $0.09 during midday trading on Friday, hitting $6.01. The company had a trading volume of 796,254 shares, compared to its average volume of 958,360. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.09. Redwood Trust, Inc. has a 52 week low of $4.68 and a 52 week high of $8.15. The stock has a market cap of $799.23 million, a price-to-earnings ratio of 18.21 and a beta of 1.15. The stock's 50 day moving average price is $6.00 and its 200 day moving average price is $6.58.

Redwood Trust (NYSE:RWT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. The firm had revenue of $27.60 million for the quarter, compared to analysts' expectations of $26.00 million. As a group, equities research analysts expect that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued 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 11.98%. Redwood Trust's dividend payout ratio is presently 218.18%.

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.