Redwood Trust, Inc. $RWT Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lifted its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 26.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,775 shares of the real estate investment trust’s stock after purchasing an additional 12,782 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Redwood Trust were worth $359,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC increased its stake in Redwood Trust by 4.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 41,474 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 1,866 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Redwood Trust by 3.9% in the first quarter. Apollon Wealth Management LLC now owns 81,897 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 3,049 shares in the last quarter. CWM LLC raised its holdings in shares of Redwood Trust by 270.5% during the second quarter. CWM LLC now owns 6,168 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 4,503 shares during the period. AlphaQuest LLC lifted its position in shares of Redwood Trust by 165.5% in the 1st quarter. AlphaQuest LLC now owns 8,589 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 5,354 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Redwood Trust by 8.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 79,299 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 5,871 shares in the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.

Redwood Trust Stock Down 1.1%

RWT stock opened at $5.15 on Monday. The firm has a market cap of $651.78 million, a PE ratio of -6.35 and a beta of 1.48. Redwood Trust, Inc. has a 1 year low of $4.68 and a 1 year high of $7.29. The company has a fifty day simple moving average of $5.68 and a 200 day simple moving average of $5.79. The company has a current ratio of 40.39, a quick ratio of 40.39 and a debt-to-equity ratio of 20.00.

Redwood Trust (NYSE:RWT) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. Redwood Trust had a positive return on equity of 8.89% and a negative net margin of 6.93%.The company had revenue of $54.37 million for the quarter, compared to analyst estimates of $31.04 million. Sell-side analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 14.0%. The ex-dividend date was Tuesday, September 23rd. Redwood Trust’s payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RWT shares. Wall Street Zen cut Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 2nd. BTIG Research restated a “buy” rating and set a $8.50 price objective on shares of Redwood Trust in a research report on Friday, September 26th. JMP Securities lowered their target price on 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. Jones Trading reduced their price target on shares of Redwood Trust from $7.00 to $6.25 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods decreased 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 report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.75.

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.