532,982 Shares in Redwood Trust, Inc. $RWT Purchased by Tran Capital Management L.P.

Tran Capital Management L.P. acquired a new position in Redwood Trust, Inc. (NYSE:RWT) in the 4th quarter, HoldingsChannel reports. The fund acquired 532,982 shares of the real estate investment trust’s stock, valued at approximately $2,947,000.

Several other large investors have also modified their holdings of the business. Inceptionr LLC raised its holdings in shares of Redwood Trust by 10.7% in the third quarter. Inceptionr LLC now owns 26,377 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 2,560 shares during the period. Rhumbline Advisers grew its position in Redwood Trust by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 392,058 shares of the real estate investment trust’s stock valued at $2,270,000 after acquiring an additional 3,147 shares during the last quarter. Apollon Wealth Management LLC grew its position in Redwood Trust by 3.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 89,143 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 3,193 shares during the last quarter. CWM LLC increased its stake in Redwood Trust by 54.2% in the third quarter. CWM LLC now owns 9,514 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,346 shares during the period. Finally, XTX Topco Ltd increased its stake in Redwood Trust by 35.4% in the second quarter. XTX Topco Ltd now owns 14,513 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 3,795 shares during the period. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RWT. Citigroup reissued a “market perform” rating on shares of Redwood Trust in a research note on Wednesday, February 18th. Piper Sandler reduced their price target on shares of Redwood Trust from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Redwood Trust in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, JonesTrading reaffirmed a “buy” rating and set a $6.25 target price on shares of Redwood Trust in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Redwood Trust has a consensus rating of “Moderate Buy” and a consensus price target of $6.82.

Redwood Trust Price Performance

Shares of RWT stock opened at $5.65 on Friday. Redwood Trust, Inc. has a twelve month low of $4.68 and a twelve month high of $6.97. The company has a current ratio of 55.15, a quick ratio of 55.15 and a debt-to-equity ratio of 24.34. The stock has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $5.67. The stock has a market capitalization of $705.60 million, a price-to-earnings ratio of -9.25 and a beta of 1.52.

Redwood Trust (NYSE:RWT) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Redwood Trust had a negative net margin of 5.93% and a positive return on equity of 12.00%. The firm had revenue of $140.33 million during the quarter, compared to the consensus estimate of $24.88 million. On average, analysts predict that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 24th. Redwood Trust’s dividend payout ratio is presently -118.03%.

Redwood Trust Profile

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.