10,000 Shares in Redwood Trust, Inc. (NYSE:RWT) Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new position in shares of Redwood Trust, Inc. (NYSE:RWT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $63,000.

A number of other large investors also recently bought and sold shares of RWT. Wellington Management Group LLP increased its holdings in shares of Redwood Trust by 6.9% during the 3rd quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust’s stock worth $112,945,000 after buying an additional 941,223 shares during the last quarter. State Street Corp grew its position in Redwood Trust by 2.0% during the third quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust’s stock valued at $40,116,000 after acquiring an additional 102,274 shares during the period. Franklin Resources Inc. increased its stake in Redwood Trust by 4.6% during the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 3,206 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Redwood Trust by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust’s stock worth $23,492,000 after purchasing an additional 25,444 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Redwood Trust in the 3rd quarter valued at about $722,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RWT. JPMorgan Chase & Co. dropped their target price on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. JMP Securities dropped their price objective on shares of Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.84.

Redwood Trust Stock Performance

Shares of RWT stock opened at $6.46 on Friday. Redwood Trust, Inc. has a 12 month low of $5.45 and a 12 month high of $8.15. The firm has a market capitalization of $856.34 million, a P/E ratio of 11.75 and a beta of 1.57. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. The company’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $7.10.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Redwood Trust had a net margin of 9.35% and a return on equity of 6.01%. On average, research analysts anticipate that Redwood Trust, Inc. will post 0.55 earnings per share for the current fiscal year.

Redwood Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 23rd were given a dividend of $0.18 per share. This is a boost from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, December 23rd. This represents a $0.72 annualized dividend and a dividend yield of 11.14%. Redwood Trust’s dividend payout ratio (DPR) is presently 130.91%.

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.