Redwood Trust (NYSE:RWT) Rating Lowered to Sell at Wall Street Zen

Redwood Trust (NYSE:RWT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

RWT has been the subject of a number of other research reports. Jones Trading decreased their target price on shares of Redwood Trust from $7.00 to $6.25 and set a “buy” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. upgraded shares of Redwood Trust from a “neutral” rating to an “overweight” rating and set a $6.00 price objective for the company in a research note on Friday, January 23rd. Zacks Research raised Redwood Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Redwood Trust in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Redwood Trust has an average rating of “Moderate Buy” and a consensus target price of $6.75.

Redwood Trust Trading Up 2.1%

NYSE RWT opened at $5.68 on Friday. Redwood Trust has a 52 week low of $4.68 and a 52 week high of $6.73. The company has a debt-to-equity ratio of 22.73, a quick ratio of 57.77 and a current ratio of 57.77. The stock’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.69. The stock has a market capitalization of $718.91 million, a price-to-earnings ratio of -7.01 and a beta of 1.59.

Hedge Funds Weigh In On Redwood Trust

A number of large investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Redwood Trust by 270.5% in the 2nd quarter. CWM LLC now owns 6,168 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 4,503 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Redwood Trust by 331.8% during the second quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 6,082 shares in the last quarter. Westbourne Investments Inc. bought a new stake in shares of Redwood Trust in the fourth quarter valued at about $55,000. GAMMA Investing LLC grew its stake in shares of Redwood Trust by 71.6% in the fourth quarter. GAMMA Investing LLC now owns 11,054 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 4,611 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Redwood Trust by 136.9% during the second quarter. Tower Research Capital LLC TRC now owns 10,823 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 6,255 shares during the period. Institutional investors own 74.34% of the company’s stock.

About Redwood Trust

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.