UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Redwood Trust, Inc. (NYSE:RWT – Free Report) by 7,932.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 265,059 shares of the real estate investment trust’s stock after purchasing an additional 261,759 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Redwood Trust were worth $1,256,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Clearstead Advisors LLC grew its position in shares of Redwood Trust by 192.5% during the fourth quarter. Clearstead Advisors LLC now owns 5,428 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 3,572 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Redwood Trust by 331.8% in the second quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 6,082 shares in the last quarter. Bank of Marin acquired a new stake in Redwood Trust in the fourth quarter valued at $58,000. Abel Hall LLC bought a new position in Redwood Trust during the 4th quarter valued at $58,000. Finally, Optiver Holding B.V. boosted its stake in Redwood Trust by 2,034.5% during the 1st quarter. Optiver Holding B.V. now owns 10,779 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 10,274 shares during the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.
Redwood Trust Stock Performance
Redwood Trust stock opened at $3.54 on Friday. The company has a market cap of $445.29 million, a PE ratio of -88.60 and a beta of 1.37. The company has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $5.22. The company has a debt-to-equity ratio of 31.69, a current ratio of 67.49 and a quick ratio of 67.49. Redwood Trust, Inc. has a 12 month low of $3.22 and a 12 month high of $6.97.
Redwood Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 20.3%. The ex-dividend date of this dividend is Wednesday, September 23rd. Redwood Trust’s dividend payout ratio is currently -1,800.00%.
Redwood Trust News Roundup
Here are the key news stories impacting Redwood Trust this week:
- Positive Sentiment: Redwood Trust declared its regular third-quarter common dividend of $0.18 per share, payable September 30 to shareholders of record September 23. The dividend was unchanged from the prior quarter, signaling continued confidence in the company’s ability to return capital to shareholders. Redwood Trust Announces Third Quarter 2026 Common and Preferred Dividends
- Positive Sentiment: The company also declared a $0.625 per-share dividend on its 10% fixed-rate preferred stock, maintaining income for preferred shareholders.
- Neutral Sentiment: Redwood Trust priced an upsized private offering of $185 million of 7.00% convertible senior notes due 2030, compared with the initially announced $150 million offering. The notes carry a conversion price of $4.90 per share. Redwood Trust Prices Upsized $185.0 Million Convertible Senior Notes Offering
- Negative Sentiment: The larger debt raise increases Redwood Trust’s interest obligations, with a 7% coupon implying roughly $13 million of annual interest expense before considering conversion. Investors may also worry about potential shareholder dilution if the notes are converted into common stock at $4.90 per share. Redwood Trust Shares Decline on $150 Million Debt Offering
Wall Street Analyst Weigh In
RWT has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Redwood Trust from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Piper Sandler reduced their price target on shares of Redwood Trust from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price target on Redwood Trust from $6.50 to $6.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Zacks Research lowered Redwood Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Citizens Jmp cut their price objective on Redwood Trust from $7.00 to $6.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.94.
Check Out Our Latest Stock Analysis on Redwood Trust
Redwood Trust Profile
Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.
The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.
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