Redwood Trust (RWT) to Release Quarterly Earnings on Thursday

Redwood Trust (NYSE:RWT) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Redwood Trust to post earnings of $0.16 per share and revenue of $31.07 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Redwood Trust Stock Performance

RWT opened at $6.61 on Wednesday. The business has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $7.11. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. The company has a market capitalization of $875.29 million, a price-to-earnings ratio of 12.01 and a beta of 1.57. Redwood Trust has a 1-year low of $5.45 and a 1-year high of $8.15.

Redwood Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 23rd were issued a $0.18 dividend. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, December 23rd. This represents a $0.72 annualized dividend and a dividend yield of 10.90%. Redwood Trust’s dividend payout ratio is 130.91%.

Analyst Ratings Changes

Several brokerages have commented on RWT. StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, JMP Securities cut their target price on shares of Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating for the company in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.84.

About Redwood Trust

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.