UBS Group Issues Positive Forecast for Redwood Trust (NYSE:RWT) Stock Price

Redwood Trust (NYSE:RWT - Free Report) had its price objective upped by UBS Group from $6.50 to $7.00 in a research report released on Monday morning, MarketBeat Ratings reports. UBS Group currently has a buy rating on the real estate investment trust's stock.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Redwood Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Jones Trading reaffirmed a "buy" rating and issued a $7.00 price target on shares of Redwood Trust in a report on Friday, May 2nd. JMP Securities dropped their price objective on Redwood Trust from $8.00 to $7.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on Redwood Trust from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Redwood Trust Stock Performance

Redwood Trust stock traded up $0.02 during midday trading on Monday, hitting $5.83. 605,708 shares of the company were exchanged, compared to its average volume of 947,796. The business has a fifty day simple moving average of $5.89 and a two-hundred day simple moving average of $6.47. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36. The firm has a market capitalization of $775.29 million, a PE ratio of 17.67 and a beta of 1.45. Redwood Trust has a fifty-two week low of $4.68 and a fifty-two week high of $8.15.

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). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The firm had revenue of $73.80 million for the quarter, compared to analyst estimates of $26.55 million. On average, sell-side analysts forecast that Redwood Trust will post 0.78 earnings per share for the current year.

Redwood Trust Dividend Announcement

The company 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. This represents a $0.72 annualized dividend and a yield of 12.35%. The ex-dividend date of this dividend was Monday, March 24th. Redwood Trust's dividend payout ratio is currently 327.27%.

Institutional Investors Weigh In On Redwood Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sovran Advisors LLC purchased a new stake in Redwood Trust during the 4th quarter valued at about $63,000. KBC Group NV boosted its holdings in shares of Redwood Trust by 86.7% during the 4th quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 4,788 shares during the last quarter. Carrera Capital Advisors purchased a new stake in shares of Redwood Trust in the first quarter valued at approximately $65,000. XTX Topco Ltd acquired a new stake in shares of Redwood Trust in the first quarter valued at approximately $65,000. Finally, Pinnacle Associates Ltd. purchased a new position in Redwood Trust during the first quarter worth approximately $68,000. Institutional investors and hedge funds own 74.34% of the company's stock.

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.