Redwood Trust, Inc. (NYSE:RWT) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 182.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,929 shares of the real estate investment trust’s stock after purchasing an additional 31,582 shares during the period. Intech Investment Management LLC’s holdings in Redwood Trust were worth $378,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RWT. GAMMA Investing LLC grew its holdings in Redwood Trust by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,043 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Redwood Trust during the 2nd quarter worth $69,000. Algert Global LLC acquired a new position in Redwood Trust during the 2nd quarter worth $86,000. Creative Planning acquired a new position in Redwood Trust during the 3rd quarter worth $91,000. Finally, Evanson Asset Management LLC grew its holdings in Redwood Trust by 16.7% during the 3rd quarter. Evanson Asset Management LLC now owns 14,000 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,000 shares in the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RWT shares. StockNews.com raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company raised their price objective on shares of Redwood Trust from $7.50 to $8.50 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Raymond James raised their price objective on shares of Redwood Trust from $8.50 to $9.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their price objective on shares of Redwood Trust from $7.50 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, JMP Securities raised their price objective 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. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Redwood Trust has an average rating of “Moderate Buy” and an average target price of $8.19.

Redwood Trust Price Performance

Shares of Redwood Trust stock opened at $7.11 on Wednesday. The firm has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $7.12. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55. Redwood Trust, Inc. has a 1-year low of $5.45 and a 1-year high of $8.15. The stock has a market capitalization of $940.44 million, a price-to-earnings ratio of 12.93 and a beta of 1.57.

Redwood Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a dividend of $0.17 per share. This is a boost from Redwood Trust’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 9.56%. The ex-dividend date of this dividend was Monday, September 23rd. Redwood Trust’s dividend payout ratio is presently 123.64%.

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.