Montag A & Associates Inc. Has $323,000 Stock Holdings in Redwood Trust, Inc. (NYSE:RWT)

Montag A & Associates Inc. lowered its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,407 shares of the real estate investment trust’s stock after selling 28,894 shares during the quarter. Montag A & Associates Inc.’s holdings in Redwood Trust were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Redwood Trust by 5.9% during the 4th quarter. Rhumbline Advisers now owns 400,212 shares of the real estate investment trust’s stock worth $2,613,000 after buying an additional 22,302 shares during the last quarter. Van ECK Associates Corp raised its holdings in Redwood Trust by 18.0% during the fourth quarter. Van ECK Associates Corp now owns 1,085,593 shares of the real estate investment trust’s stock worth $7,089,000 after acquiring an additional 165,281 shares in the last quarter. Sovran Advisors LLC acquired a new position in Redwood Trust during the fourth quarter valued at approximately $63,000. Jennison Associates LLC bought a new position in Redwood Trust in the fourth quarter valued at approximately $508,000. Finally, Golden State Equity Partners increased its position in shares of Redwood Trust by 633.8% during the 4th quarter. Golden State Equity Partners now owns 70,414 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 60,818 shares during the last quarter. 74.34% of the stock is owned by institutional investors.

Redwood Trust Trading Down 1.5 %

Shares of RWT stock opened at $6.37 on Tuesday. The stock has a market cap of $843.49 million, a P/E ratio of 11.57 and a beta of 1.57. Redwood Trust, Inc. has a 1 year low of $5.45 and a 1 year high of $8.15. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. The stock has a 50 day simple moving average of $6.55 and a 200 day simple moving average of $7.08.

Redwood Trust (NYSE:RWT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share 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 company had revenue of $27.60 million for the quarter, compared to the consensus estimate of $26.00 million. On average, research analysts predict that Redwood Trust, Inc. will post 0.55 earnings per share for the current fiscal year.

Redwood Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were issued a $0.18 dividend. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 11.31%. The ex-dividend date of this dividend was Monday, December 23rd. Redwood Trust’s dividend payout ratio (DPR) is currently 130.91%.

Wall Street Analyst Weigh In

RWT has been the topic of several analyst reports. StockNews.com lowered shares of Redwood Trust from a “hold” rating to a “sell” rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $8.00 price target on shares of Redwood Trust in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.84.

About Redwood Trust

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.