Redwood Trust, Inc. (NYSE:RWT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. It specializes in acquiring and managing real estate mortgage assets which may be acquired as whole loans or as mortgage securities reperesenting interest in or obligations backed by pools of mortgage loans. “

RWT has been the subject of several other research reports. ValuEngine lowered Redwood Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Redwood Trust from a “hold” rating to a “buy” rating in a research note on Friday, August 4th.

Redwood Trust (NYSE:RWT) opened at 17.14 on Wednesday. Redwood Trust has a 12-month low of $13.22 and a 12-month high of $17.45. The firm has a market cap of $1.32 billion, a PE ratio of 9.74 and a beta of 0.89. The stock’s 50 day moving average price is $17.15 and its 200-day moving average price is $16.68.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.02. Redwood Trust had a return on equity of 12.02% and a net margin of 46.04%. The company had revenue of $60 million during the quarter, compared to the consensus estimate of $33.59 million. During the same period in the previous year, the business earned $0.48 earnings per share. Equities research analysts anticipate that Redwood Trust will post $1.49 earnings per share for the current fiscal year.

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In other Redwood Trust news, Director Karen R. Pallotta acquired 3,027 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average price of $16.53 per share, with a total value of $50,036.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Redwood Trust during the first quarter valued at about $107,000. Ameritas Investment Partners Inc. acquired a new stake in Redwood Trust during the first quarter valued at about $109,000. TFS Capital LLC acquired a new stake in Redwood Trust during the first quarter valued at about $185,000. Comerica Bank raised its stake in Redwood Trust by 0.8% in the first quarter. Comerica Bank now owns 11,286 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 95 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Redwood Trust by 19.5% in the first quarter. Eqis Capital Management Inc. now owns 11,996 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 1,959 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Redwood Trust Company Profile

Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.

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