Redwood Trust (RWT) Given Media Sentiment Score of 0.43
News stories about Redwood Trust (NYSE:RWT) have been trending positive this week, AlphaOne Sentiment reports. The research firm, a unit of Accern, ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Redwood Trust earned a news sentiment score of 0.43 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Redwood Trust (NYSE:RWT) traded down 0.18% on Thursday, reaching $16.81. 234,641 shares of the company’s stock traded hands. The firm has a market cap of $1.29 billion, a P/E ratio of 10.89 and a beta of 0.71. The stock has a 50-day moving average of $16.45 and a 200 day moving average of $15.51. Redwood Trust has a 12-month low of $12.40 and a 12-month high of $17.05.
Redwood Trust (NYSE:RWT) last announced its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.03. The firm earned $36 million during the quarter, compared to the consensus estimate of $39.19 million. Redwood Trust had a return on equity of 15.35% and a net margin of 48.35%. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts expect that Redwood Trust will post $1.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Thursday, March 16th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $1.12 dividend on an annualized basis and a yield of 6.66%. Redwood Trust’s dividend payout ratio is presently 67.07%.
Separately, Zacks Investment Research lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued 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 price target of $16.33.
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Redwood Trust Company Profile
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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