Redwood Trust, Inc. (NYSE:RWT) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Redwood Trust, Inc. (NYSE:RWT - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,726,253 shares of the real estate investment trust's stock after buying an additional 169,729 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.30% of Redwood Trust worth $11,272,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Focus Partners Wealth raised its position in Redwood Trust by 14.1% during the 4th quarter. Focus Partners Wealth now owns 20,164 shares of the real estate investment trust's stock worth $132,000 after buying an additional 2,488 shares during the last quarter. Deutsche Bank AG raised its position in Redwood Trust by 61.9% during the 4th quarter. Deutsche Bank AG now owns 104,456 shares of the real estate investment trust's stock worth $682,000 after buying an additional 39,943 shares during the last quarter. Corton Capital Inc. purchased a new position in Redwood Trust during the 4th quarter worth $162,000. Cetera Investment Advisers purchased a new position in Redwood Trust during the 4th quarter worth $95,000. Finally, Brevan Howard Capital Management LP purchased a new position in Redwood Trust during the 4th quarter worth $331,000. Hedge funds and other institutional investors own 74.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JMP Securities cut their price target on shares of Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods cut their price target on shares of Redwood Trust from $7.75 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. UBS Group increased their price target 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Redwood Trust from $5.50 to $6.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Five 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.44.

Redwood Trust Price Performance

NYSE RWT traded down $0.08 during trading hours on Thursday, reaching $5.44. The company's stock had a trading volume of 125,014 shares, compared to its average volume of 940,353. The stock has a market cap of $724.16 million, a PE ratio of 16.49 and a beta of 1.45. Redwood Trust, Inc. has a fifty-two week low of $4.68 and a fifty-two week high of $8.15. The company's 50-day moving average is $5.81 and its two-hundred day moving average is $6.39. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36.

Redwood Trust (NYSE:RWT - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $73.80 million during the quarter, compared to analyst estimates of $26.55 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. Analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were paid a $0.18 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 13.24%. Redwood Trust's payout ratio is 327.27%.

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.