XTX Topco Ltd Invests $65,000 in Redwood Trust, Inc. (NYSE:RWT)

XTX Topco Ltd acquired a new stake in shares of Redwood Trust, Inc. (NYSE:RWT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,718 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other institutional investors have also recently bought and sold shares of the company. Carrera Capital Advisors bought a new position in Redwood Trust during the first quarter valued at about $65,000. Pinnacle Associates Ltd. bought a new position in Redwood Trust during the first quarter valued at about $68,000. Zacks Investment Management acquired a new stake in Redwood Trust during the fourth quarter valued at approximately $74,000. Tower Research Capital LLC TRC boosted its holdings in Redwood Trust by 239.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,566 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 8,863 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Redwood Trust during the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JMP Securities dropped their price objective on shares of Redwood Trust from $7.50 to $7.00 and set a “market outperform” rating for the company in a research report on Thursday, July 31st. Keefe, Bruyette & Woods lowered their price objective on shares of Redwood Trust from $6.50 to $5.75 and set a “market perform” rating for the company in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Redwood Trust from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Jones Trading restated a “buy” rating and issued a $7.00 price objective on shares of Redwood Trust in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.18.

Redwood Trust Stock Down 1.8%

Shares of RWT opened at $5.94 on Friday. The firm has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $5.95. The company has a market cap of $767.57 million, a P/E ratio of -9.28 and a beta of 1.31. Redwood Trust, Inc. has a one year low of $4.68 and a one year high of $8.15. The company has a debt-to-equity ratio of 20.00, a current ratio of 40.39 and a quick ratio of 39.35.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Redwood Trust had a positive return on equity of 8.70% and a negative net margin of 6.93%. The business had revenue of ($38.10) million during the quarter, compared to the consensus estimate of $31.00 million. Research analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.18 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.72 annualized dividend and a dividend yield of 12.1%. Redwood Trust’s dividend payout ratio is currently -112.50%.

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.