Charles Schwab Investment Management Inc. Has $8.79 Million Stock Holdings in Redwood Trust, Inc. $RWT

Charles Schwab Investment Management Inc. increased its holdings in Redwood Trust, Inc. (NYSE:RWT) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,447,700 shares of the real estate investment trust’s stock after purchasing an additional 36,547 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.09% of Redwood Trust worth $8,788,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RWT. LSV Asset Management increased its holdings in shares of Redwood Trust by 58.9% during the first quarter. LSV Asset Management now owns 1,772,345 shares of the real estate investment trust’s stock worth $10,758,000 after buying an additional 657,141 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Redwood Trust by 19.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,994,294 shares of the real estate investment trust’s stock worth $13,023,000 after buying an additional 321,612 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Redwood Trust by 14.4% during the fourth quarter. Northern Trust Corp now owns 1,569,301 shares of the real estate investment trust’s stock worth $10,248,000 after buying an additional 197,719 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Redwood Trust by 10.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,253 shares of the real estate investment trust’s stock valued at $11,272,000 after purchasing an additional 169,729 shares in the last quarter. Finally, Mariner Investment Group LLC acquired a new stake in shares of Redwood Trust in the first quarter valued at approximately $910,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Trading Down 1.8%

Shares of NYSE RWT opened at $6.00 on Tuesday. Redwood Trust, Inc. has a twelve month low of $4.68 and a twelve month high of $8.15. The company has a quick ratio of 40.39, a current ratio of 40.39 and a debt-to-equity ratio of 20.00. The company’s fifty day moving average is $5.89 and its 200-day moving average is $5.92. The stock has a market cap of $775.32 million, a price-to-earnings ratio of -9.38 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 EPS 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 company had revenue of ($38.10) million for the quarter, compared to analyst estimates of $31.00 million. Equities research analysts predict that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Monday, June 23rd. Redwood Trust’s dividend payout ratio (DPR) is presently -112.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RWT. Wall Street Zen lowered shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, August 2nd. UBS Group lowered their price target on shares of Redwood Trust from $7.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their price target 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. Jones Trading reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Redwood Trust in a research note on Friday, May 2nd. Finally, JMP Securities reduced their price objective on shares of Redwood Trust from $7.50 to $7.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.18.

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.