Redwood Trust, Inc. (NYSE:RWT – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $4.39 and last traded at $4.3750, with a volume of 373265 shares. The stock had previously closed at $4.48.
Analyst Ratings Changes
A number of analysts have recently issued reports on RWT shares. Wall Street Zen raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research lowered shares of Redwood Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Redwood Trust in a research report on Wednesday, June 24th. JonesTrading reissued a “buy” rating and set a $6.25 price objective on shares of Redwood Trust in a research report on Thursday, April 30th. Finally, BTIG Research dropped their target price on Redwood Trust from $8.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.39.
Read Our Latest Stock Analysis on Redwood Trust
Redwood Trust Stock Performance
Redwood Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 15.3%. The ex-dividend date was Tuesday, June 23rd. Redwood Trust’s dividend payout ratio is presently -92.31%.
Institutional Trading of Redwood Trust
Several hedge funds and other institutional investors have recently bought and sold shares of RWT. Vident Advisory LLC raised its position in shares of Redwood Trust by 4.7% during the fourth quarter. Vident Advisory LLC now owns 39,606 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 1,773 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Redwood Trust by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 15,113 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,363 shares during the period. Inceptionr LLC boosted its stake in Redwood Trust by 10.7% during the third quarter. Inceptionr LLC now owns 26,377 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 2,560 shares in the last quarter. Choreo LLC raised its stake in shares of Redwood Trust by 29.4% in the 4th quarter. Choreo LLC now owns 13,893 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,158 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of Redwood Trust by 192.5% in the 4th quarter. Clearstead Advisors LLC now owns 5,428 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 3,572 shares in the last quarter. 74.34% of the stock is currently owned by institutional investors and hedge funds.
About Redwood Trust
Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.
The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.
Featured Stories
- Five stocks we like better than Redwood Trust
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Redwood Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwood Trust and related companies with MarketBeat.com's FREE daily email newsletter.
