SG Americas Securities LLC Boosts Holdings in Redwood Trust, Inc. (NYSE:RWT)

SG Americas Securities LLC increased its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 25.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,807 shares of the real estate investment trust’s stock after buying an additional 3,662 shares during the quarter. SG Americas Securities LLC’s holdings in Redwood Trust were worth $132,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in RWT. Quarry LP increased its holdings in Redwood Trust by 736.7% during the first quarter. Quarry LP now owns 5,614 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 4,943 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Redwood Trust by 71.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,683 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,796 shares during the period. Metropolitan Life Insurance Co NY boosted its position in Redwood Trust by 29.6% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,213 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,649 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Redwood Trust by 45.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,965 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,498 shares during the period. Finally, Point72 Middle East FZE bought a new position in Redwood Trust during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RWT. Piper Sandler cut their target price on shares of Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Raymond James cut their target price on shares of Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. UBS Group cut their target price on shares of Redwood Trust from $9.00 to $8.50 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Wedbush lowered shares of Redwood Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $6.50 in a research report on Thursday, April 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $8.00 target price on shares of Redwood Trust in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Redwood Trust has an average rating of “Moderate Buy” and an average price target of $7.64.

Redwood Trust Price Performance

RWT stock opened at $5.52 on Thursday. The firm has a 50 day moving average of $6.19 and a 200-day moving average of $6.71. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 10.12. Redwood Trust, Inc. has a 12 month low of $5.45 and a 12 month high of $8.30. The firm has a market capitalization of $725.66 million, a P/E ratio of -45.96 and a beta of 1.48.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend was Wednesday, March 20th. Redwood Trust’s dividend payout ratio is currently -533.33%.

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.