Redwood Trust, Inc. (NYSE:RWT) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Redwood Trust, Inc. (NYSE:RWT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.44.

Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Redwood Trust from $6.50 to $7.00 and gave the stock a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. increased 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. Jones Trading restated a "buy" rating and set a $7.00 target price on shares of Redwood Trust in a report on Friday, May 2nd. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, JMP Securities lowered their target price on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RWT. Franklin Resources Inc. lifted its position in shares of Redwood Trust by 4.6% in the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust's stock valued at $548,000 after buying an additional 3,206 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Redwood Trust by 63.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 152,860 shares of the real estate investment trust's stock valued at $998,000 after buying an additional 59,510 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Redwood Trust by 16.2% in the fourth quarter. Inspire Investing LLC now owns 61,583 shares of the real estate investment trust's stock valued at $402,000 after buying an additional 8,588 shares during the last quarter. Vista Investment Partners LLC acquired a new position in shares of Redwood Trust in the fourth quarter valued at $245,000. Finally, KBC Group NV increased its holdings in shares of Redwood Trust by 86.7% in the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 4,788 shares during the last quarter. 74.34% of the stock is currently owned by institutional investors and hedge funds.

Redwood Trust Price Performance

Shares of NYSE RWT opened at $5.83 on Monday. The firm has a market cap of $775.29 million, a PE ratio of 17.67 and a beta of 1.45. 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 has a 1-year low of $4.68 and a 1-year high of $8.15. The company has a fifty day moving average price of $5.89 and a 200 day moving average price of $6.46.

Redwood Trust (NYSE:RWT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 earnings per share 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 analyst estimates of $26.55 million. Research analysts predict that Redwood Trust will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, March 24th. This represents a $0.72 annualized dividend and a dividend yield of 12.35%. Redwood Trust's dividend payout ratio is presently 327.27%.

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.

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