Redwood Trust Inc. (NYSE:RWT) was down 2.6% during mid-day trading on Thursday . The company traded as low as $14.41 and last traded at $14.41, with a volume of 126,377 shares trading hands. The stock had previously closed at $14.80.

RWT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Redwood Trust from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 13th. Nomura upgraded shares of Redwood Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $16.00 in a research note on Wednesday, May 18th. Deutsche Bank AG lowered their target price on shares of Redwood Trust from $18.00 to $17.80 and set a “buy” rating on the stock in a research note on Friday, May 13th. Maxim Group cut shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Keefe, Bruyette & Woods cut shares of Redwood Trust from an “outperform” rating to a “market perform” rating and set a $14.50 target price on the stock. in a research note on Tuesday, July 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.55.

The company has a market cap of $1.11 billion and a price-to-earnings ratio of 10.54. The company has a 50 day moving average of $14.45 and a 200 day moving average of $13.39.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.10. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that Redwood Trust Inc. will post $1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.75%.

Redwood Trust, Inc, together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets. The Company operates through three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for subsequent sale, securitization or transfer to its investment portfolio.

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