2 weeks Ago By Defense World Staff
Invesco Ltd. boosted its holdings in Redwood Trust, Inc. (NYSE:RWT – Free Report) by 150.
9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,995,520 shares of the real estate investment trust’s stock after purchasing an additional 1,200,050 shares during the quarter. Invesco Ltd.
owned about 1.51% of Redwood Trust worth $13,031,000 at the end of the most recent quarter. Several other large investors have also recently made changes to their positions in the business.
Illinois Municipal Retirement Fund grew its position in Redwood Trust by 3.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 72,744 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 2,383 shares during the last quarter.
Franklin Resources Inc. lifted its stake in shares of Redwood Trust by 4.6% in the third quarter.
Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 3,206 shares in the last quarter. KBC Group NV grew its holdings in shares of Redwood Trust by 86.
7% during the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 4,788 shares during the last quarter. Inspire Investing LLC increased its position in shares of Redwood Trust by 16.
2% during the fourth quarter. Inspire Investing LLC now owns 61,583 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 8,588 shares in the last quarter. Finally, NFC Investments LLC raised its holdings in Redwood Trust by 2.
0% in the 4th quarter. NFC Investments LLC now owns 494,525 shares of the real estate investment trust’s stock worth $3,229,000 after acquiring an additional 9,550 shares during the last quarter. 74.
34% of the stock is currently owned by hedge funds and other institutional investors. Redwood Trust Trading Down 1.3 %Redwood Trust stock opened at $5.
47 on Tuesday. Redwood Trust, Inc. has a 52-week low of $4.
68 and a 52-week high of $8.15. The company has a market cap of $727.
42 million, a P/E ratio of 16.58 and a beta of 1.15.
The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.
09. The business has a 50-day simple moving average of $6.03 and a two-hundred day simple moving average of $6.
62. Redwood Trust (NYSE:RWT – Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.
13 earnings per share (EPS) 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 the consensus estimate of $26.00 million.
Analysts predict that Redwood Trust, Inc. will post 0.78 EPS for the current year.
Redwood Trust Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued a $0.18 dividend.
The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 13.
16%. Redwood Trust’s dividend payout ratio is currently 218.18%.
Wall Street Analysts Forecast GrowthA number of analysts have commented on RWT shares. Jones Trading reduced their target price on Redwood Trust from $8.00 to $7.
00 and set a “buy” rating for the company in a report on Thursday, April 17th. JMP Securities reduced their price objective on Redwood Trust from $8.00 to $7.
50 and set a “market outperform” rating for the company in a report on Thursday, April 17th. StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.
Finally, JPMorgan Chase & Co. reduced their price target on shares of Redwood Trust from $6.50 to $5.
50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.
50.View Our Latest Analysis on RWTAbout Redwood Trust (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.Further ReadingFive stocks we like better than Redwood TrustWhat Are Dividend Challengers?AST SpaceMobile: 5 Reasons to Buy This Tiny Trailblazer StockOptions Trading – Understanding Strike PriceWhy Call Option Traders Are Targeting This Dividend ETF NowFind and Profitably Trade Stocks at 52-Week LowsIs Alphabet Misunderstood? Here’s Why the Bulls Are BuyingWant to see what other hedge funds are holding RWT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Redwood Trust, Inc.
(NYSE:RWT – Free Report)..
