Redwood Trust, Inc. (NYSE:RWT) General Counsel Andrew P. Stone sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $14.87, for a total transaction of $74,350.00. Following the completion of the sale, the general counsel now owns 53,015 shares in the company, valued at $788,333.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Redwood Trust, Inc. (NYSE:RWT) traded down $0.13 during mid-day trading on Friday, reaching $14.85. 276,126 shares of the company traded hands, compared to its average volume of 485,052. Redwood Trust, Inc. has a 12-month low of $14.29 and a 12-month high of $17.45. The firm has a market cap of $1,155.18, a P/E ratio of 9.40 and a beta of 0.91. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 2.91.

Redwood Trust (NYSE:RWT) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). Redwood Trust had a net margin of 41.62% and a return on equity of 9.87%. The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $36.86 million. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. sell-side analysts predict that Redwood Trust, Inc. will post 1.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Thursday, December 14th. Redwood Trust’s payout ratio is 70.89%.

A number of hedge funds have recently made changes to their positions in RWT. Public Employees Retirement System of Ohio raised its stake in Redwood Trust by 1.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,003 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 113 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Redwood Trust in the 3rd quarter valued at about $215,000. Advisory Services Network LLC raised its stake in Redwood Trust by 3.7% in the 2nd quarter. Advisory Services Network LLC now owns 14,154 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 510 shares during the last quarter. SG Americas Securities LLC acquired a new position in Redwood Trust in the 3rd quarter valued at about $283,000. Finally, Legal & General Group Plc raised its stake in Redwood Trust by 48.4% in the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 5,510 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on RWT shares. Deutsche Bank decreased their price objective on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. ValuEngine lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Redwood Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Redwood Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.00.

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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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