Redwood Trust, Inc. $RWT Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Redwood Trust, Inc. (NYSE:RWT) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,804,116 shares of the real estate investment trust’s stock after selling 191,404 shares during the period. Invesco Ltd. owned about 1.36% of Redwood Trust worth $10,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Carrera Capital Advisors acquired a new stake in Redwood Trust in the first quarter valued at about $65,000. XTX Topco Ltd acquired a new stake in Redwood Trust in the first quarter valued at about $65,000. Pinnacle Associates Ltd. acquired a new stake in Redwood Trust in the first quarter valued at about $68,000. Tower Research Capital LLC TRC lifted its position in Redwood Trust by 239.3% in 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 during the period. Finally, Cetera Investment Advisers purchased a new position in Redwood Trust in the fourth quarter valued at about $95,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Trading Up 4.3%

Shares of RWT opened at $6.1250 on Friday. The company has a debt-to-equity ratio of 20.00, a current ratio of 40.39 and a quick ratio of 40.39. The firm has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $5.93. Redwood Trust, Inc. has a 1-year low of $4.68 and a 1-year high of $8.15. The stock has a market cap of $791.47 million, a price-to-earnings ratio of -9.57 and a beta of 1.31.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $31.00 million. Equities analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The firm 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 11.8%. The ex-dividend date of this dividend was Monday, June 23rd. Redwood Trust’s dividend payout ratio (DPR) is -112.50%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JMP Securities dropped their target price on shares of Redwood Trust from $7.50 to $7.00 and set a “market outperform” rating for the company in a report on Thursday, July 31st. Keefe, Bruyette & Woods dropped their target price on shares of Redwood Trust from $6.50 to $5.75 and set a “market perform” rating for the company in a report on Tuesday, August 5th. Wall Street Zen cut shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of 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 reaffirmed a “buy” rating and issued a $7.00 target price on shares of Redwood Trust in a report on Friday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Redwood Trust has an average rating of “Moderate Buy” and a consensus target price of $7.18.

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.