Q3 2021 EPS Estimates for Redwood Trust, Inc. Decreased by Piper Sandler (NYSE:RWT)


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Redwood Trust, Inc. (NYSE:RWT) – Research analysts at Piper Sandler decreased their Q3 2021 earnings per share (EPS) estimates for shares of Redwood Trust in a note issued to investors on Sunday, May 2nd. Piper Sandler analyst K. Barker now anticipates that the real estate investment trust will earn $0.22 per share for the quarter, down from their previous forecast of $0.23. Piper Sandler also issued estimates for Redwood Trust’s Q4 2021 earnings at $0.19 EPS and Q4 2022 earnings at $0.26 EPS.

RWT has been the topic of several other reports. Raymond James lifted their target price on shares of Redwood Trust from $13.50 to $14.50 and gave the company a “strong-buy” rating in a research report on Friday. Credit Suisse Group lifted their target price on shares of Redwood Trust from $10.50 to $12.00 and gave the company an “outperform” rating in a research report on Monday, March 22nd. TheStreet raised shares of Redwood Trust from a “d” rating to a “c” rating in a report on Thursday, April 29th. Finally, Zacks Investment Research downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Saturday, February 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $10.81.

Shares of Redwood Trust stock opened at $11.25 on Tuesday. The company has a debt-to-equity ratio of 8.27, a quick ratio of 14.82 and a current ratio of 14.82. The firm’s 50-day simple moving average is $10.52 and its 200-day simple moving average is $9.41. Redwood Trust has a twelve month low of $3.30 and a twelve month high of $11.37. The firm has a market cap of $1.26 billion, a P/E ratio of -1.91 and a beta of 1.02.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Telemus Capital LLC raised its stake in shares of Redwood Trust by 3.4% during the fourth quarter. Telemus Capital LLC now owns 35,421 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 1,168 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Redwood Trust by 100.0% during the first quarter. International Assets Investment Management LLC now owns 3,000 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,500 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Redwood Trust by 5.7% in the fourth quarter. Citigroup Inc. now owns 28,835 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 1,561 shares during the period. Aperio Group LLC boosted its holdings in shares of Redwood Trust by 1.0% in the fourth quarter. Aperio Group LLC now owns 169,912 shares of the real estate investment trust’s stock valued at $1,492,000 after buying an additional 1,633 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Redwood Trust by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 68,609 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 1,840 shares during the period. 76.74% of the stock is owned by institutional investors and hedge funds.

In other Redwood Trust news, Director Georganne Proctor sold 8,645 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $10.04, for a total value of $86,795.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.47% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 24th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, March 23rd. This is an increase from Redwood Trust’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%. Redwood Trust’s payout ratio is currently 40.51%.

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 Lending, Business Purpose Lending, and Third-Party Investments. The Residential Lending segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.

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Earnings History and Estimates for Redwood Trust (NYSE:RWT)

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