Cambridge Investment Research Advisors Inc. Has $360,000 Position in Redwood Trust, Inc. (NYSE:RWT)

Cambridge Investment Research Advisors Inc. raised its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,300 shares of the real estate investment trust’s stock after buying an additional 1,767 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Redwood Trust were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RWT. Bank of New York Mellon Corp lifted its holdings in shares of Redwood Trust by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,003,627 shares of the real estate investment trust’s stock valued at $6,554,000 after purchasing an additional 89,335 shares in the last quarter. NFC Investments LLC lifted its holdings in shares of Redwood Trust by 2.0% during the 4th quarter. NFC Investments LLC now owns 494,525 shares of the real estate investment trust’s stock valued at $3,229,000 after purchasing an additional 9,550 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Redwood Trust during the 4th quarter valued at about $80,000. Boston Partners lifted its holdings in shares of Redwood Trust by 8.3% during the 4th quarter. Boston Partners now owns 2,707,027 shares of the real estate investment trust’s stock valued at $17,561,000 after purchasing an additional 206,698 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Redwood Trust during the 4th quarter valued at about $208,000. 74.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Redwood Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. UBS Group lifted their price objective on Redwood Trust from $6.50 to $7.00 and gave the company a “buy” rating in a report on Monday, May 5th. JMP Securities cut their price objective on Redwood Trust from $8.00 to $7.50 and set a “market outperform” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on Redwood Trust from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, Jones Trading restated a “buy” rating and issued a $7.00 target price on shares of Redwood Trust in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Redwood Trust has a consensus rating of “Moderate Buy” and a consensus price target of $7.39.

Redwood Trust Trading Down 0.2%

NYSE RWT opened at $6.01 on Friday. The stock has a market capitalization of $800.05 million, a price-to-earnings ratio of 27.32 and a beta of 1.30. The stock’s 50 day moving average price is $5.76 and its two-hundred day moving average price is $6.05. The company has a debt-to-equity ratio of 16.32, a quick ratio of 39.35 and a current ratio of 39.35. Redwood Trust, Inc. has a 52 week low of $4.68 and a 52 week high of $8.15.

Redwood Trust (NYSE:RWT) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Redwood Trust had a net margin of 3.93% and a return on equity of 7.82%. The firm had revenue of $73.80 million during the quarter, compared to the consensus estimate of $26.55 million. As a group, analysts anticipate that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.98%. The ex-dividend date was Monday, June 23rd. Redwood Trust’s dividend payout ratio is currently 327.27%.

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.