Redwood Trust, Inc. $RWT Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in Redwood Trust, Inc. (NYSE:RWT) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,474 shares of the real estate investment trust’s stock after buying an additional 1,866 shares during the period. Concurrent Investment Advisors LLC’s holdings in Redwood Trust were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RWT. LSV Asset Management raised its position in shares of Redwood Trust by 58.9% in the first quarter. LSV Asset Management now owns 1,772,345 shares of the real estate investment trust’s stock valued at $10,758,000 after buying an additional 657,141 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Redwood Trust in the first quarter valued at approximately $2,018,000. Nuveen LLC acquired a new position in Redwood Trust during the first quarter worth approximately $1,983,000. Ceredex Value Advisors LLC increased its position in Redwood Trust by 24.4% during the first quarter. Ceredex Value Advisors LLC now owns 1,479,950 shares of the real estate investment trust’s stock worth $8,983,000 after purchasing an additional 289,900 shares during the last quarter. Finally, Mariner Investment Group LLC acquired a new position in Redwood Trust during the first quarter worth approximately $910,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Trading Up 2.4%

NYSE RWT opened at $5.62 on Tuesday. Redwood Trust, Inc. has a 12 month low of $4.68 and a 12 month high of $7.90. 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 company has a market capitalization of $726.73 million, a price-to-earnings ratio of -8.79 and a beta of 1.43. The company’s fifty day moving average price is $5.94 and its two-hundred day moving average price is $5.81.

Redwood Trust (NYSE:RWT) last posted 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 negative net margin of 6.93% and a positive return on equity of 8.70%. The company had revenue of ($38.10) million for the quarter, compared to the consensus estimate of $31.00 million. As a group, research analysts predict that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date was Tuesday, September 23rd. Redwood Trust’s dividend payout ratio (DPR) is presently -112.50%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RWT. Wall Street Zen lowered shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 2nd. UBS Group upped their price target on shares of Redwood Trust from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Redwood Trust in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target 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. Finally, BTIG Research reaffirmed a “buy” rating and set a $8.50 price target on shares of Redwood Trust in a research report on Friday, September 26th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.88.

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.