Redwood Trust, Inc. (NYSE:RWT) Stock Holdings Trimmed by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lowered its holdings in shares of Redwood Trust, Inc. (NYSE:RWTFree Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,700 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Redwood Trust were worth $131,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Redwood Trust by 157.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,279,191 shares of the real estate investment trust’s stock worth $30,511,000 after acquiring an additional 2,614,898 shares during the last quarter. Boston Partners acquired a new position in shares of Redwood Trust in the 3rd quarter worth $12,015,000. Victory Capital Management Inc. grew its holdings in shares of Redwood Trust by 383.2% in the 3rd quarter. Victory Capital Management Inc. now owns 128,334 shares of the real estate investment trust’s stock worth $915,000 after acquiring an additional 101,774 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Redwood Trust by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,670,825 shares of the real estate investment trust’s stock worth $11,913,000 after acquiring an additional 44,071 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Redwood Trust by 641.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,705 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 3,205 shares during the last quarter. Institutional investors own 74.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RWT shares. UBS Group lowered their price target on Redwood Trust from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $8.00 price target on shares of Redwood Trust in a report on Thursday, April 18th. Wedbush reiterated a “neutral” rating and set a $6.50 price target on shares of Redwood Trust in a report on Wednesday, May 1st. Raymond James lowered their price target on Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating on the stock in a report on Friday, January 19th. Finally, Piper Sandler lowered their price target on Redwood Trust from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.66.

Check Out Our Latest Analysis on RWT

Redwood Trust Price Performance

NYSE RWT opened at $6.45 on Friday. Redwood Trust, Inc. has a twelve month low of $5.45 and a twelve month high of $8.30. The company has a debt-to-equity ratio of 10.66, a quick ratio of 7.36 and a current ratio of 9.09. The stock has a market capitalization of $852.37 million, a PE ratio of 92.14 and a beta of 1.50. The stock has a 50-day simple moving average of $6.06 and a 200 day simple moving average of $6.60.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.64 annualized dividend and a dividend yield of 9.92%. Redwood Trust’s dividend payout ratio is currently 914.29%.

Redwood Trust Profile

(Free Report)

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking 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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Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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