Wall Street brokerages forecast that Redwood Trust, Inc. (NYSE:RWT) will report earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Redwood Trust’s earnings. Redwood Trust posted earnings per share of $0.58 in the same quarter last year, which suggests a negative year-over-year growth rate of 41.4%. The company is expected to report its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Redwood Trust will report full-year earnings of $1.39 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $1.46 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Redwood Trust.

Redwood Trust (NYSE:RWT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $60 million for 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 in the prior year, the company earned $0.48 EPS.

Several equities analysts have commented on RWT shares. BidaskClub downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine downgraded shares of Redwood Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

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Redwood Trust (NYSE:RWT) traded up 0.42% during mid-day trading on Friday, reaching $16.75. The company’s stock had a trading volume of 303,312 shares. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.79 and a beta of 0.89. Redwood Trust has a 52 week low of $13.22 and a 52 week high of $17.45. The company’s 50-day moving average price is $17.07 and its 200 day moving average price is $16.76.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.12 annualized dividend and a dividend yield of 6.69%. Redwood Trust’s dividend payout ratio (DPR) is currently 64.00%.

In other news, Director Karen R. Pallotta acquired 3,027 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $16.53 per share, with a total value of $50,036.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.33% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Redwood Trust by 2.2% in the second quarter. Vanguard Group Inc. now owns 6,303,530 shares of the real estate investment trust’s stock valued at $107,412,000 after buying an additional 137,701 shares during the period. State Street Corp boosted its stake in Redwood Trust by 6.2% in the second quarter. State Street Corp now owns 1,611,297 shares of the real estate investment trust’s stock valued at $27,454,000 after buying an additional 93,613 shares during the period. Renaissance Technologies LLC boosted its stake in Redwood Trust by 1.8% in the second quarter. Renaissance Technologies LLC now owns 1,422,000 shares of the real estate investment trust’s stock valued at $24,231,000 after buying an additional 25,000 shares during the period. UBS Group AG boosted its stake in Redwood Trust by 33.8% in the first quarter. UBS Group AG now owns 1,062,183 shares of the real estate investment trust’s stock valued at $17,643,000 after buying an additional 268,238 shares during the period. Finally, Hilton Capital Management LLC boosted its stake in Redwood Trust by 1.4% in the second quarter. Hilton Capital Management LLC now owns 1,027,078 shares of the real estate investment trust’s stock valued at $17,501,000 after buying an additional 13,970 shares during the period. 85.71% of the stock is owned by institutional investors and hedge funds.

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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