Brokerages Set Redwood Trust, Inc. (NYSE:RWT) Price Target at $7.44

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

A number of research analysts have issued reports on RWT shares. Wall Street Zen upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective 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. UBS Group raised their target price on Redwood Trust from $6.50 to $7.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. JMP Securities dropped their price target on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price objective on Redwood Trust from $7.75 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RWT. LaSalle St. Investment Advisors LLC purchased a new position in shares of Redwood Trust during the 4th quarter valued at approximately $37,000. Quantbot Technologies LP acquired a new stake in Redwood Trust during the first quarter valued at $37,000. AlphaQuest LLC increased its holdings in Redwood Trust by 165.5% in the first quarter. AlphaQuest LLC now owns 8,589 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 5,354 shares in the last quarter. Carrera Capital Advisors acquired a new position in shares of Redwood Trust in the first quarter worth about $65,000. Finally, XTX Topco Ltd purchased a new stake in shares of Redwood Trust during the 1st quarter worth about $65,000. 74.34% of the stock is owned by institutional investors and hedge funds.

Redwood Trust Stock Down 2.1%

RWT stock traded down $0.13 on Tuesday, hitting $6.01. 539,359 shares of the company's stock were exchanged, compared to its average volume of 953,095. The firm has a 50 day moving average price of $5.77 and a two-hundred day moving average price of $6.08. Redwood Trust has a 12-month low of $4.68 and a 12-month high of $8.15. The stock has a market cap of $800.05 million, a P/E ratio of 27.32 and a beta of 1.30. The company has a debt-to-equity ratio of 16.32, a quick ratio of 39.35 and a current ratio of 39.35.

Redwood Trust (NYSE:RWT - Get Free Report) last issued its quarterly 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 7.82% and a net margin of 3.93%. The business had revenue of $73.80 million for the quarter, compared to analysts' expectations of $26.55 million. As a group, equities research analysts expect that Redwood Trust will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 11.98%. The ex-dividend date of this dividend was Monday, June 23rd. Redwood Trust's dividend payout ratio (DPR) 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.