Yousif Capital Management LLC Purchases 14,392 Shares of Redwood Trust, Inc. (NYSE:RWT)

Yousif Capital Management LLC raised its position in Redwood Trust, Inc. (NYSE:RWT) by 25.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 71,517 shares of the real estate investment trust’s stock after acquiring an additional 14,392 shares during the quarter. Yousif Capital Management LLC’s holdings in Redwood Trust were worth $530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RWT. Wolverine Asset Management LLC acquired a new position in shares of Redwood Trust during the fourth quarter worth $3,630,000. Illinois Municipal Retirement Fund acquired a new position in shares of Redwood Trust during the fourth quarter worth $495,000. Louisiana State Employees Retirement System acquired a new position in shares of Redwood Trust during the fourth quarter worth $440,000. Ceredex Value Advisors LLC acquired a new position in shares of Redwood Trust during the fourth quarter worth $4,502,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Redwood Trust by 1,944.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 976,088 shares of the real estate investment trust’s stock worth $7,233,000 after purchasing an additional 928,337 shares in the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RWT. Wedbush reaffirmed a “neutral” rating and set a $6.50 price target on shares of Redwood Trust in a research report on Wednesday, May 1st. Raymond James cut their target price on Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. UBS Group cut their target price on Redwood Trust from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $8.00 target price on shares of Redwood Trust in a research report on Thursday, April 18th. Finally, Wells Fargo & Company cut their target price on Redwood Trust from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 21st. Four equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.66.

Redwood Trust Price Performance

Shares of RWT opened at $6.34 on Monday. The business’s 50-day moving average is $6.03 and its two-hundred day moving average is $6.61. The company has a market capitalization of $834.22 million, a P/E ratio of 90.57 and a beta of 1.50. The company has a debt-to-equity ratio of 10.08, a quick ratio of 7.36 and a current ratio of 10.79. Redwood Trust, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $8.30.

Redwood Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 10.09%. The ex-dividend date was Wednesday, March 20th. Redwood Trust’s dividend payout ratio is currently 914.29%.

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.