Redwood Trust, Inc. $RWT Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 2.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,750,890 shares of the real estate investment trust’s stock after purchasing an additional 54,209 shares during the quarter. Boston Partners owned about 2.07% of Redwood Trust worth $16,117,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RWT. Teacher Retirement System of Texas acquired a new position in Redwood Trust during the first quarter valued at approximately $118,000. Principal Financial Group Inc. raised its stake in shares of Redwood Trust by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 659,909 shares of the real estate investment trust’s stock valued at $4,006,000 after acquiring an additional 18,499 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Redwood Trust by 7.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,076,392 shares of the real estate investment trust’s stock valued at $6,534,000 after acquiring an additional 72,765 shares in the last quarter. M&T Bank Corp boosted its position in Redwood Trust by 52.4% during the 1st quarter. M&T Bank Corp now owns 33,539 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 11,526 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in Redwood Trust by 3.9% in 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 purchasing an additional 3,049 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Analyst Ratings Changes

RWT has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Redwood Trust in a research note on Wednesday, October 8th. Jones Trading reduced their price target on Redwood Trust from $7.00 to $6.25 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen downgraded shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 2nd. UBS Group lifted their price objective on shares of Redwood Trust from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, JMP Securities decreased their target price on shares of Redwood Trust from $7.50 to $7.00 and set a “market outperform” rating for the company in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.75.

Redwood Trust Stock Down 1.0%

RWT stock opened at $5.19 on Friday. The firm has a market cap of $656.85 million, a price-to-earnings ratio of -6.40 and a beta of 1.48. Redwood Trust, Inc. has a 1-year low of $4.68 and a 1-year high of $7.29. The firm has a fifty day moving average price of $5.70 and a two-hundred day moving average price of $5.80. The company has a debt-to-equity ratio of 20.00, a current ratio of 40.39 and a quick ratio of 40.39.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $54.37 million for the quarter, compared to analysts’ expectations of $31.04 million. Redwood Trust had a positive return on equity of 8.89% and a negative net margin of 6.93%. Research analysts predict that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.72 annualized dividend and a dividend yield of 13.9%. Redwood Trust’s dividend payout ratio is currently -88.89%.

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.