Kennedy Capital Management LLC Has $5.88 Million Stake in Redwood Trust, Inc. (NYSE:RWT)

Kennedy Capital Management LLC lessened its holdings in Redwood Trust, Inc. (NYSE:RWT - Free Report) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 901,133 shares of the real estate investment trust's stock after selling 140,955 shares during the period. Kennedy Capital Management LLC owned 0.68% of Redwood Trust worth $5,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Redwood Trust by 2.0% in the 3rd quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust's stock valued at $40,116,000 after acquiring an additional 102,274 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Redwood Trust by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 641,410 shares of the real estate investment trust's stock valued at $4,188,000 after buying an additional 18,164 shares during the period. Franklin Resources Inc. boosted its stake in shares of Redwood Trust by 4.6% during the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust's stock valued at $548,000 after purchasing an additional 3,206 shares in the last quarter. Geode Capital Management LLC raised its holdings in Redwood Trust by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust's stock worth $23,492,000 after purchasing an additional 25,444 shares in the last quarter. Finally, 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 acquiring an additional 165,281 shares during the last quarter. Institutional investors own 74.34% of the company's stock.

Redwood Trust Trading Up 4.0 %

RWT stock traded up $0.22 during midday trading on Thursday, hitting $5.53. The stock had a trading volume of 537,949 shares, compared to its average volume of 949,891. The firm has a market cap of $734.73 million, a PE ratio of 16.74 and a beta of 1.15. The company's 50-day moving average price is $6.10 and its 200 day moving average price is $6.67. 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 14.09, a current ratio of 44.36 and a quick ratio of 44.36.

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

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 13.03%. Redwood Trust's payout ratio is currently 218.18%.

Analysts Set New Price Targets

RWT has been the subject of a number of research analyst reports. StockNews.com upgraded Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Redwood Trust from $6.50 to $5.50 and set a "neutral" rating for the company in a research note on Wednesday. JMP Securities decreased their price objective 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. Finally, Jones Trading lowered their target price on shares of Redwood Trust from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday. Five investment 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.50.

About Redwood Trust

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.