Redwood Trust, Inc. (NYSE:RWT) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on RWT. BidaskClub cut shares of Redwood Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Redwood Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG dropped their price objective on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday.

Shares of Redwood Trust (NYSE RWT) traded down $0.21 on Friday, reaching $14.73. 593,557 shares of the company traded hands, compared to its average volume of 340,854. Redwood Trust has a 12 month low of $14.43 and a 12 month high of $17.45. The company has a market capitalization of $1,160.58, a PE ratio of 10.83 and a beta of 0.92. The company has a debt-to-equity ratio of 2.91, a current ratio of 3.36 and a quick ratio of 3.01.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). Redwood Trust had a return on equity of 9.87% and a net margin of 41.62%. The business had revenue of $35.00 million during the quarter, compared to the consensus estimate of $36.86 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. analysts anticipate that Redwood Trust will post 1.39 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in Redwood Trust by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 83,059 shares of the real estate investment trust’s stock worth $1,416,000 after buying an additional 8,816 shares during the period. Vanguard Group Inc. boosted its stake in Redwood Trust by 3.8% during the first quarter. Vanguard Group Inc. now owns 6,165,829 shares of the real estate investment trust’s stock worth $102,414,000 after buying an additional 224,548 shares during the period. TIAA FSB purchased a new position in Redwood Trust during the second quarter worth $3,346,000. Schwab Charles Investment Management Inc. boosted its stake in Redwood Trust by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 530,383 shares of the real estate investment trust’s stock worth $8,810,000 after buying an additional 40,825 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Redwood Trust by 44.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,219 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 9,270 shares during the period. 84.09% of the stock is owned by institutional investors.

About Redwood Trust

Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.

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