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

Several analysts have weighed in on RWT shares. Keefe, Bruyette & Woods downgraded 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. Nomura raised 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. Zacks Investment Research downgraded Redwood Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Maxim Group downgraded Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG cut their target price on Redwood Trust from $18.00 to $17.80 and set a “buy” rating on the stock in a research note on Friday, May 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.55.

The stock has a market cap of $1.10 billion and a P/E ratio of 10.42. The stock’s 50-day moving average is $14.45 and its 200 day moving average is $13.38.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.10. During the same period in the prior year, the business earned $0.31 EPS. On average, equities analysts predict that Redwood Trust Inc. will post $1.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.12 annualized dividend and a yield of 7.83%.

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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