Sigma Planning Corp Has $82,000 Stock Holdings in Redwood Trust, Inc. (NYSE:RWT)

Sigma Planning Corp reduced its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 23.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,656 shares of the real estate investment trust’s stock after selling 3,224 shares during the period. Sigma Planning Corp’s holdings in Redwood Trust were worth $82,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in shares of Redwood Trust by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 66,500 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 1,400 shares during the period. Evanson Asset Management LLC raised its stake in shares of Redwood Trust by 16.7% in the 3rd quarter. Evanson Asset Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC boosted its position in shares of Redwood Trust by 65.4% during the third quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 2,043 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Redwood Trust by 7.8% during the second quarter. Victory Capital Management Inc. now owns 33,849 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 2,450 shares in the last quarter. Finally, EMC Capital Management grew its holdings in shares of Redwood Trust by 11.3% during the first quarter. EMC Capital Management now owns 29,377 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 2,989 shares in the last quarter. Institutional investors own 74.34% of the company’s stock.

Redwood Trust Stock Up 0.3 %

Redwood Trust stock opened at $7.06 on Monday. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. The company’s 50-day moving average is $7.54 and its 200-day moving average is $7.05. The firm has a market capitalization of $933.83 million, a PE ratio of 12.84 and a beta of 1.59. Redwood Trust, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $8.15.

Redwood Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.17 dividend. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.68 annualized dividend and a yield of 9.63%. Redwood Trust’s dividend payout ratio is currently 123.64%.

Analysts Set New Price Targets

RWT has been the subject of a number of recent research reports. Wedbush upped their price target on Redwood Trust from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. JMP Securities increased their target price on shares of Redwood Trust from $8.50 to $9.00 and gave the stock a “market outperform” rating in a report on Friday, October 4th. Piper Sandler raised their target price on shares of Redwood Trust from $6.50 to $7.50 and gave the company a “neutral” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Redwood Trust from $7.50 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.19.

Redwood Trust Company Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.