Redwood Trust (RWT) Scheduled to Post Quarterly Earnings on Thursday

Redwood Trust (NYSE:RWT) will release its earnings data before the market opens on Thursday, August 1st. Analysts expect Redwood Trust to post earnings of $0.12 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Redwood Trust Stock Performance

Shares of RWT opened at $7.35 on Wednesday. Redwood Trust has a 52-week low of $5.45 and a 52-week high of $8.30. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 10.66. The firm has a market cap of $970.64 million, a price-to-earnings ratio of 104.93 and a beta of 1.58. The business’s 50 day moving average is $6.67 and its two-hundred day moving average is $6.43.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, June 21st. This represents a $0.64 dividend on an annualized basis and a yield of 8.71%. Redwood Trust’s dividend payout ratio (DPR) is 914.29%.

Insider Buying and Selling

In related news, CFO Brooke Carillo bought 15,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $93,750.00. Following the completion of the purchase, the chief financial officer now owns 56,772 shares of the company’s stock, valued at approximately $354,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $6.50 target price on shares of Redwood Trust in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Redwood Trust from $7.00 to $7.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods lowered their price target on Redwood Trust from $7.75 to $7.25 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities raised their price objective on Redwood Trust from $8.00 to $8.50 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.69.

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.