Redwood Trust, Inc. (NYSE:RWT) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lessened its holdings in Redwood Trust, Inc. (NYSE:RWT) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,745 shares of the real estate investment trust’s stock after selling 3,076 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Redwood Trust were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Redwood Trust by 406.1% during the first quarter. GAMMA Investing LLC now owns 21,196 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 17,008 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Redwood Trust by 33.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 388,768 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 97,205 shares during the last quarter. ProShare Advisors LLC increased its holdings in Redwood Trust by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 39,695 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 12,214 shares during the period. Millennium Management LLC increased its holdings in Redwood Trust by 52.5% in the 4th quarter. Millennium Management LLC now owns 88,003 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 30,286 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Redwood Trust by 10.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,253 shares of the real estate investment trust’s stock worth $11,272,000 after buying an additional 169,729 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RWT. Jones Trading reiterated a “buy” rating and issued a $7.00 price objective on shares of Redwood Trust in a research note on Friday, May 2nd. Wall Street Zen raised Redwood Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. JMP Securities reduced their price objective on Redwood Trust from $8.00 to $7.50 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their target price on Redwood Trust from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods dropped their target price on Redwood Trust from $7.75 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, May 6th. Five investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.44.

Redwood Trust Price Performance

NYSE:RWT opened at $5.70 on Monday. Redwood Trust, Inc. has a 52 week low of $4.68 and a 52 week high of $8.15. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.09. The stock has a market capitalization of $758.77 million, a PE ratio of 17.27 and a beta of 1.30. The stock’s 50-day moving average price is $5.67 and its 200-day moving average price is $6.19.

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 analysts’ consensus estimates of $0.17 by ($0.03). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The business had revenue of $73.80 million for the quarter, compared to analysts’ expectations of $26.55 million. As a group, equities analysts expect that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.63%. Redwood Trust’s dividend payout ratio (DPR) is 327.27%.

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.