Redwood Trust, Inc. (NYSE:RWT) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

RWT has been the subject of a number of other research reports. Zacks Investment Research upgraded Redwood Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. ValuEngine cut Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd.

Shares of Redwood Trust (NYSE RWT) opened at 17.10 on Thursday. Redwood Trust has a 1-year low of $13.22 and a 1-year high of $17.45. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.72 and a beta of 0.89. The stock’s 50 day moving average price is $17.14 and its 200-day moving average price is $16.72.

Redwood Trust (NYSE:RWT) last announced its 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. The company had revenue of $60 million during the quarter, compared to analysts’ expectations of $33.59 million. Redwood Trust had a return on equity of 12.02% and a net margin of 46.04%. During the same quarter last year, the firm posted $0.48 EPS. On average, equities research analysts forecast that Redwood Trust will post $1.49 earnings per share for the current 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, for a total transaction of $50,036.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.33% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Redwood Trust during the first quarter worth about $107,000. Ameritas Investment Partners Inc. acquired a new position in Redwood Trust during the first quarter worth about $109,000. TFS Capital LLC acquired a new position in Redwood Trust during the first quarter worth about $185,000. Comerica Bank boosted its position 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 worth $196,000 after buying an additional 95 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its position 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 worth $199,000 after buying an additional 1,959 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

About Redwood Trust

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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