Redwood Trust (RWT) Expected to Announce Quarterly Earnings on Thursday

Redwood Trust (NYSE:RWT) is expected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Redwood Trust to post earnings of $0.16 per share and revenue of $31.07 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Redwood Trust Price Performance

RWT stock opened at $6.64 on Tuesday. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. The firm’s 50-day moving average price is $6.63 and its two-hundred day moving average price is $7.12. The stock has a market capitalization of $879.27 million, a price-to-earnings ratio of 12.06 and a beta of 1.57. Redwood Trust has a 12-month low of $5.45 and a 12-month high of $8.15.

Redwood Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Redwood Trust’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 10.85%. Redwood Trust’s payout ratio is 130.91%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RWT. StockNews.com upgraded Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. JMP Securities decreased their price objective on Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating for the company in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.84.

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.