Boston Partners Boosts Stock Position in Redwood Trust, Inc. (NYSE:RWT)

Boston Partners raised its stake in Redwood Trust, Inc. (NYSE:RWT) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,707,027 shares of the real estate investment trust’s stock after purchasing an additional 206,698 shares during the quarter. Boston Partners owned 2.04% of Redwood Trust worth $17,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RWT. Brown Brothers Harriman & Co. acquired a new stake in shares of Redwood Trust during the third quarter worth $39,000. Sovran Advisors LLC acquired a new stake in shares of Redwood Trust in the 4th quarter worth $63,000. KBC Group NV boosted its holdings in shares of Redwood Trust by 86.7% in the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,788 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Redwood Trust during the fourth quarter worth about $80,000. Finally, Verition Fund Management LLC acquired a new position in shares of Redwood Trust during the third quarter worth about $101,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RWT. StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $8.00 price objective on shares of Redwood Trust in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Redwood Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

Redwood Trust Stock Up 0.1 %

RWT opened at $6.41 on Friday. The company has a debt-to-equity ratio of 14.09, a quick ratio of 44.36 and a current ratio of 44.36. The company has a market cap of $848.79 million, a price-to-earnings ratio of 19.41 and a beta of 1.63. Redwood Trust, Inc. has a one year low of $5.46 and a one year high of $8.15. The business’s fifty day moving average is $6.44 and its two-hundred day moving average is $6.97.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $27.60 million during the quarter, compared to analyst estimates of $26.00 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. Analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, March 24th. This represents a $0.72 annualized dividend and a dividend yield of 11.24%. Redwood Trust’s dividend payout ratio is currently 218.18%.

Redwood Trust 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.