Redwood Trust (RWT) Receives Coverage Optimism Score of 0.41

News coverage about Redwood Trust (NYSE:RWT) has been trending positive this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Redwood Trust earned a daily sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also assigned press coverage about the real estate investment trust an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Alpha One’s rankings:

Separately, Zacks Investment Research downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th.

Shares of Redwood Trust (NYSE:RWT) remained flat at $16.98 on Monday. The stock had a trading volume of 221,982 shares. Redwood Trust has a 12 month low of $13.20 and a 12 month high of $17.38. The company has a 50-day moving average of $16.81 and a 200-day moving average of $16.05. The company has a market cap of $1.31 billion, a PE ratio of 9.65 and a beta of 0.71.

Redwood Trust (NYSE:RWT) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Redwood Trust had a return on equity of 15.35% and a net margin of 48.35%. The firm had revenue of $62 million for the quarter, compared to the consensus estimate of $34.89 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities analysts forecast that Redwood Trust will post $1.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.12 dividend on an annualized basis and a yield of 6.60%. Redwood Trust’s dividend payout ratio is currently 67.07%.

In other Redwood Trust news, General Counsel Andrew P. Stone sold 3,730 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $17.24, for a total transaction of $64,305.20. Following the transaction, the general counsel now owns 49,626 shares in the company, valued at $855,552.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen R. Pallotta purchased 3,027 shares of the stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $16.53 per share, for a total transaction of $50,036.31. The disclosure for this purchase can be found here. Corporate insiders own 3.35% of the company’s stock.

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About Redwood Trust

Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.

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