Redwood Trust, Inc. (NYSE:RWT) Receives $7.44 Average PT from Brokerages

Redwood Trust, Inc. (NYSE:RWT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.44.

A number of brokerages have recently weighed in on RWT. Jones Trading reaffirmed a "buy" rating and issued a $7.00 price objective on shares of Redwood Trust in a research note on Friday, May 2nd. Keefe, Bruyette & Woods dropped their price objective on Redwood Trust from $7.75 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. StockNews.com raised Redwood Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. JMP Securities dropped their price objective 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, UBS Group lifted their price objective on Redwood Trust from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Monday, May 5th.

Redwood Trust Price Performance

Shares of NYSE:RWT traded down $0.04 during midday trading on Monday, hitting $6.01. The company had a trading volume of 124,314 shares, compared to its average volume of 940,935. The business's 50-day simple moving average is $5.85 and its 200-day simple moving average is $6.43. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The stock has a market cap of $798.56 million, a price-to-earnings ratio of 18.20 and a beta of 1.45. Redwood Trust has a twelve month low of $4.68 and a twelve month high of $8.15.

Redwood Trust (NYSE:RWT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $73.80 million for the quarter, compared to analyst estimates of $26.55 million. Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. On average, research analysts predict that Redwood Trust will post 0.78 earnings per share for the current year.

Redwood Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date of this dividend was Monday, March 24th. Redwood Trust's dividend payout ratio (DPR) is currently 327.27%.

Institutional Trading of Redwood Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Redwood Trust by 3.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 59,300 shares of the real estate investment trust's stock worth $360,000 after purchasing an additional 1,767 shares in the last quarter. New York State Teachers Retirement System raised its stake in Redwood Trust by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 152,430 shares of the real estate investment trust's stock valued at $925,000 after acquiring an additional 2,326 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Redwood Trust by 3.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 72,744 shares of the real estate investment trust's stock valued at $475,000 after acquiring an additional 2,383 shares during the last quarter. Focus Partners Wealth raised its stake 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 valued at $132,000 after acquiring an additional 2,488 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Redwood Trust by 3.9% during the 1st quarter. Apollon Wealth Management LLC now owns 81,897 shares of the real estate investment trust's stock valued at $497,000 after acquiring an additional 3,049 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company's stock.

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.