Redwood Trust, Inc. (NYSE:RWT) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,382 shares of the real estate investment trust’s stock after selling 2,716 shares during the period. Prudent Man Advisors LLC’s holdings in Redwood Trust were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RWT. Creative Planning acquired a new position in Redwood Trust during the third quarter worth $91,000. Ceredex Value Advisors LLC boosted its stake in Redwood Trust by 22.8% during the third quarter. Ceredex Value Advisors LLC now owns 1,113,600 shares of the real estate investment trust’s stock worth $8,608,000 after buying an additional 207,088 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Redwood Trust by 269.9% during the third quarter. Concurrent Investment Advisors LLC now owns 39,273 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 28,655 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Redwood Trust by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 77,972 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 5,259 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Redwood Trust by 182.1% in the 3rd quarter. Intech Investment Management LLC now owns 48,929 shares of the real estate investment trust’s stock valued at $378,000 after purchasing an additional 31,582 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.

Analyst Upgrades and Downgrades

RWT has been the topic of several recent analyst reports. StockNews.com lowered Redwood Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $8.00 price target on shares of Redwood Trust in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.84.

Redwood Trust Price Performance

RWT opened at $6.69 on Friday. The stock’s 50-day moving average price is $6.48 and its 200 day moving average price is $7.05. Redwood Trust, Inc. has a 12-month low of $5.45 and a 12-month high of $8.15. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.09. The firm has a market cap of $886.56 million, a price-to-earnings ratio of 20.27 and a beta of 1.57.

Redwood Trust (NYSE:RWT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $26.00 million. As a group, sell-side analysts expect that Redwood Trust, Inc. will post 0.78 earnings per share for the current year.

Redwood Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.18 per share. This is an increase from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.72 annualized dividend and a yield of 10.76%. Redwood Trust’s dividend payout ratio is 218.18%.

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.