LPL Financial LLC Purchases 15,437 Shares of Redwood Trust, Inc. (NYSE:RWT)

LPL Financial LLC boosted its position in Redwood Trust, Inc. (NYSE:RWT) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,459 shares of the real estate investment trust’s stock after acquiring an additional 15,437 shares during the period. LPL Financial LLC owned 0.11% of Redwood Trust worth $950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RWT. Illinois Municipal Retirement Fund lifted its holdings in shares of Redwood Trust by 3.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 72,744 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 2,383 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Redwood Trust by 4.6% in the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 3,206 shares in the last quarter. KBC Group NV grew its holdings in shares of Redwood Trust by 86.7% during the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 4,788 shares during the last quarter. Inspire Investing LLC increased its position in shares of Redwood Trust by 16.2% during the fourth quarter. Inspire Investing LLC now owns 61,583 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 8,588 shares in the last quarter. Finally, NFC Investments LLC raised its holdings in shares of Redwood Trust by 2.0% in the 4th quarter. NFC Investments LLC now owns 494,525 shares of the real estate investment trust’s stock worth $3,229,000 after acquiring an additional 9,550 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Stock Performance

Shares of Redwood Trust stock opened at $5.54 on Monday. The firm has a market capitalization of $736.06 million, a P/E ratio of 16.77 and a beta of 1.15. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.09. The business’s fifty day simple moving average is $6.05 and its 200 day simple moving average is $6.63. Redwood Trust, Inc. has a 12 month low of $4.68 and a 12 month high of $8.15.

Redwood Trust (NYSE:RWT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $27.60 million for the quarter, compared to the consensus estimate of $26.00 million. Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. As a group, analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date of this dividend was Monday, March 24th. Redwood Trust’s payout ratio is 218.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RWT shares. StockNews.com upgraded Redwood Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. JMP Securities lowered their price target on Redwood Trust from $8.00 to $7.50 and set a “market outperform” rating for the company in a research report on Thursday. Jones Trading dropped their price objective on Redwood Trust from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Redwood Trust from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

Redwood Trust 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.