Counterpoint Mutual Funds LLC Invests $876,000 in Redwood Trust, Inc. $RWT

Counterpoint Mutual Funds LLC purchased a new stake in Redwood Trust, Inc. (NYSE:RWT) in the 1st quarter, Holdings Channel.com reports. The firm purchased 156,116 shares of the real estate investment trust’s stock, valued at approximately $876,000.

A number of other institutional investors have also modified their holdings of the business. Wellington Management Group LLP raised its stake in Redwood Trust by 0.5% during the fourth quarter. Wellington Management Group LLP now owns 15,101,012 shares of the real estate investment trust’s stock worth $83,509,000 after acquiring an additional 80,529 shares during the period. UBS Group AG boosted its stake in Redwood Trust by 521.1% in the fourth quarter. UBS Group AG now owns 3,875,226 shares of the real estate investment trust’s stock valued at $21,430,000 after acquiring an additional 3,251,302 shares during the period. Invesco Ltd. boosted its stake in Redwood Trust by 25.4% in the fourth quarter. Invesco Ltd. now owns 2,551,067 shares of the real estate investment trust’s stock valued at $14,107,000 after acquiring an additional 516,630 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Redwood Trust by 15.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,169,992 shares of the real estate investment trust’s stock valued at $12,000,000 after purchasing an additional 282,800 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Redwood Trust by 7.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,148,393 shares of the real estate investment trust’s stock valued at $12,439,000 after purchasing an additional 149,003 shares during the last quarter. Institutional investors own 74.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RWT. JonesTrading reissued a “buy” rating and issued a $6.25 price target on shares of Redwood Trust in a report on Thursday, April 30th. Piper Sandler lowered their price objective on Redwood Trust from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Thursday. BTIG Research dropped their target price on Redwood Trust from $8.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Zacks Research cut Redwood Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.39.

Redwood Trust Stock Up 0.1%

Shares of RWT stock opened at $4.48 on Friday. Redwood Trust, Inc. has a 1 year low of $4.43 and a 1 year high of $6.97. The company has a debt-to-equity ratio of 28.42, a quick ratio of 59.63 and a current ratio of 59.63. The business’s fifty day moving average is $5.23 and its 200-day moving average is $5.59. The stock has a market cap of $561.49 million, a PE ratio of -5.75 and a beta of 1.37.

Redwood Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.72 annualized dividend and a dividend yield of 16.1%. Redwood Trust’s dividend payout ratio (DPR) is -92.31%.

About Redwood Trust

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.