Barclays PLC Boosts Stock Position in Redwood Trust, Inc. (NYSE:RWT)

Barclays PLC increased its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,997 shares of the real estate investment trust’s stock after buying an additional 13,097 shares during the quarter. Barclays PLC owned about 0.18% of Redwood Trust worth $1,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sovran Advisors LLC purchased a new position in shares of Redwood Trust during the 4th quarter worth $63,000. KBC Group NV raised its stake in 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 worth $67,000 after purchasing an additional 4,788 shares during the period. Cibc World Markets Corp acquired a new position in Redwood Trust in the 4th quarter valued at about $80,000. CIBC Asset Management Inc acquired a new position in Redwood Trust in the 4th quarter valued at about $86,000. Finally, Callan Capital LLC purchased a new stake in shares of Redwood Trust in the 4th quarter valued at approximately $163,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on RWT shares. JPMorgan Chase & Co. lifted their price target on shares of Redwood Trust from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Thursday. JMP Securities decreased their price target on Redwood Trust from $8.00 to $7.50 and set a “market outperform” rating on the stock in a research note on Thursday, April 17th. Jones Trading reissued a “buy” rating and set a $7.00 price objective on shares of Redwood Trust in a research report on Friday. Finally, StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Five 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. According to MarketBeat.com, Redwood Trust has an average rating of “Moderate Buy” and a consensus price target of $7.57.

Redwood Trust Price Performance

RWT stock opened at $5.90 on Friday. The business’s fifty day moving average price is $5.96 and its 200 day moving average price is $6.53. Redwood Trust, Inc. has a 12-month low of $4.68 and a 12-month high of $8.15. The company has a market capitalization of $783.93 million, a PE ratio of 17.86 and a beta of 1.45. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.09.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $73.80 million for the quarter, compared to analyst estimates of $26.55 million. Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. On average, sell-side analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.21%. The ex-dividend date was Monday, March 24th. Redwood Trust’s dividend payout ratio is currently 327.27%.

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.