Dynamic Technology Lab Private Ltd Boosts Holdings in Redwood Trust, Inc. (NYSE:RWT)

Dynamic Technology Lab Private Ltd boosted its position in Redwood Trust, Inc. (NYSE:RWTFree Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,292 shares of the real estate investment trust’s stock after buying an additional 1,847 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Redwood Trust were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Redwood Trust by 157.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,279,191 shares of the real estate investment trust’s stock worth $30,511,000 after purchasing an additional 2,614,898 shares in the last quarter. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Redwood Trust during the 4th quarter worth $13,246,000. Boston Partners purchased a new stake in shares of Redwood Trust during the 3rd quarter worth $12,015,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Redwood Trust by 1,944.1% during the 4th 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. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Redwood Trust during the 4th quarter worth $4,502,000. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RWT has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on shares of 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. JMP Securities reaffirmed a “market outperform” rating and set a $8.00 price target on shares of Redwood Trust in a research note on Thursday, April 18th. UBS Group cut their price target on Redwood Trust from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Wedbush reaffirmed a “neutral” rating and set a $6.50 price target on shares of Redwood Trust in a research note on Wednesday, May 1st. Finally, Piper Sandler cut their price target on Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Four 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.66.

Get Our Latest Stock Report on Redwood Trust

Redwood Trust Trading Up 0.2 %

Shares of RWT stock opened at $6.29 on Wednesday. The firm has a 50-day moving average price of $6.15 and a 200 day moving average price of $6.58. Redwood Trust, Inc. has a twelve month low of $5.45 and a twelve month high of $8.30. The company has a market capitalization of $831.22 million, a price-to-earnings ratio of 89.86 and a beta of 1.50. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 10.66.

Redwood Trust Dividend Announcement

The company 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 annualized dividend and a yield of 10.17%. The ex-dividend date was Wednesday, March 20th. Redwood Trust’s payout ratio is 914.29%.

About Redwood Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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