Redwood Trust Inc. (NYSE:RWT) saw unusually-high trading volume on Friday . Approximately 1,047,957 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 545,072 shares.The stock last traded at $13.30 and had previously closed at $13.49.

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered Redwood Trust from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a research note on Tuesday, July 19th. Zacks Investment Research lowered Redwood Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Maxim Group lowered Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.55.

The firm has a 50-day moving average of $14.39 and a 200 day moving average of $13.61. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 9.69 and a beta of 0.76.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.10. Redwood Trust had a net margin of 41.54% and a return on equity of 12.09%. During the same quarter last year, the firm earned $0.31 EPS. On average, equities research analysts predict that Redwood Trust Inc. will post $1.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.28 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.12 annualized dividend and a yield of 8.43%. Redwood Trust’s dividend payout ratio (DPR) is 85.50%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Redwood Trust by 6.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,329 shares of the company’s stock valued at $101,000 after buying an additional 461 shares during the period. Emerald Acquisition Ltd. acquired a new position in Redwood Trust during the second quarter valued at about $115,000. Squarepoint Ops LLC acquired a new position in Redwood Trust during the first quarter valued at about $141,000. Cubist Systematic Strategies LLC acquired a new position in Redwood Trust during the second quarter valued at about $141,000. Finally, Teacher Retirement System of Texas raised its position in Redwood Trust by 7.1% in the second quarter. Teacher Retirement System of Texas now owns 10,846 shares of the company’s stock valued at $150,000 after buying an additional 716 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

About Redwood Trust

Redwood Trust, Inc, together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets. The Company operates through three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for subsequent sale, securitization or transfer to its investment portfolio.

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