Cibc World Markets Corp Purchases Shares of 12,322 Redwood Trust, Inc. (NYSE:RWT)

Cibc World Markets Corp acquired a new position in Redwood Trust, Inc. (NYSE:RWT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,322 shares of the real estate investment trust’s stock, valued at approximately $80,000.

A number of other large investors have also recently made changes to their positions in RWT. Wellington Management Group LLP raised its stake in Redwood Trust by 6.9% during the 3rd quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust’s stock worth $112,945,000 after acquiring an additional 941,223 shares during the period. NFC Investments LLC increased its stake in shares of Redwood Trust by 127.7% in the third quarter. NFC Investments LLC now owns 484,975 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 271,975 shares in the last quarter. Angel Oak Capital Advisors LLC bought a new stake in shares of Redwood Trust during the 4th quarter valued at $1,726,000. Van ECK Associates Corp lifted its stake in shares of Redwood Trust by 18.0% during the 4th quarter. Van ECK Associates Corp now owns 1,085,593 shares of the real estate investment trust’s stock valued at $7,089,000 after buying an additional 165,281 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in Redwood Trust in the 3rd quarter worth $1,217,000. 74.34% of the stock is owned by hedge funds and other institutional investors.

Redwood Trust Stock Performance

NYSE:RWT opened at $6.12 on Friday. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The company has a market cap of $810.36 million, a price-to-earnings ratio of 18.53 and a beta of 1.63. Redwood Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $8.15. The stock’s 50 day simple moving average is $6.43 and its two-hundred day simple moving average is $6.92.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Redwood Trust had a return on equity of 6.91% and a net margin of 9.35%. The business had revenue of $27.60 million during the quarter, compared to the consensus estimate of $26.00 million. As a group, equities analysts anticipate that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a $0.18 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.72 annualized dividend and a yield of 11.77%. Redwood Trust’s dividend payout ratio is currently 218.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JMP Securities reissued a “market outperform” rating and set a $8.00 price target on shares of Redwood Trust in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

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.