Vanguard Group Inc. Has $96.47 Million Stock Holdings in Redwood Trust, Inc. (NYSE:RWT)

Vanguard Group Inc. trimmed its position in Redwood Trust, Inc. (NYSE:RWT) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,773,567 shares of the real estate investment trust’s stock after selling 69,872 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Redwood Trust worth $96,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Sovran Advisors LLC bought a new position in Redwood Trust in the 4th quarter worth $63,000. KBC Group NV grew its position in shares of Redwood Trust by 86.7% in the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 4,788 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Redwood Trust in the fourth quarter worth about $80,000. CIBC Asset Management Inc acquired a new position in shares of Redwood Trust during the 4th quarter worth about $86,000. Finally, Verition Fund Management LLC bought a new stake in Redwood Trust during the 3rd quarter valued at approximately $101,000. 74.34% of the stock is owned by institutional investors.

Redwood Trust Stock Up 9.5 %

RWT opened at $5.42 on Thursday. The company has a market capitalization of $720.77 million, a P/E ratio of 16.42 and a beta of 1.15. 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 firm’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $6.75. Redwood Trust, Inc. has a fifty-two week low of $4.68 and a fifty-two week high of $8.15.

Redwood Trust (NYSE:RWT) last issued its 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 net margin of 9.35% and a return on equity of 6.91%. The business had revenue of $27.60 million for the quarter, compared to analyst estimates of $26.00 million. On average, analysts anticipate that Redwood Trust, Inc. will post 0.78 EPS for the current year.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a $0.18 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.72 annualized dividend and a dividend yield of 13.28%. Redwood Trust’s dividend payout ratio is currently 218.18%.

Wall Street Analyst Weigh In

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