Redwood Trust (NYSE:RWT) Stock Rating Lowered by StockNews.com

Redwood Trust (NYSE:RWT) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Other analysts also recently issued research reports about the stock. JMP Securities reissued a “market outperform” rating and set a $8.00 target price on shares of Redwood Trust in a research report on Friday. JPMorgan Chase & Co. dropped their target price on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Redwood Trust presently has an average rating of “Hold” and a consensus price target of $7.84.

Redwood Trust Stock Down 1.5 %

Shares of Redwood Trust stock traded down $0.10 during trading on Monday, reaching $6.37. The company’s stock had a trading volume of 2,810,329 shares, compared to its average volume of 764,295. Redwood Trust has a 1-year low of $5.45 and a 1-year high of $8.15. The company has a 50-day simple moving average of $6.55 and a two-hundred day simple moving average of $7.08. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.55. The company has a market cap of $843.49 million, a price-to-earnings ratio of 11.57 and a beta of 1.57.

Redwood Trust (NYSE:RWT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Redwood Trust had a net margin of 9.35% and a return on equity of 6.01%. The business had revenue of $27.60 million during the quarter, compared to analysts’ expectations of $26.00 million. As a group, equities analysts forecast that Redwood Trust will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Redwood Trust

A number of institutional investors have recently added to or reduced their stakes in RWT. Invesco Ltd. boosted its holdings in Redwood Trust by 150.9% in the 4th quarter. Invesco Ltd. now owns 1,995,520 shares of the real estate investment trust’s stock valued at $13,031,000 after purchasing an additional 1,200,050 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Redwood Trust by 6.9% in the third quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust’s stock valued at $112,945,000 after buying an additional 941,223 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Redwood Trust by 19.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,994,294 shares of the real estate investment trust’s stock worth $13,023,000 after purchasing an additional 321,612 shares during the period. NFC Investments LLC increased its stake in Redwood Trust by 127.7% during the 3rd quarter. NFC Investments LLC now owns 484,975 shares of the real estate investment trust’s stock worth $3,749,000 after buying an additional 271,975 shares during the period. Finally, Angel Oak Capital Advisors LLC acquired a new stake in shares of Redwood Trust in the fourth quarter valued at $1,726,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

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.