Redwood Trust, Inc. (NYSE:RWT) to Issue Quarterly Dividend of $0.18

Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Stockholders of record on Monday, December 23rd will be paid a dividend of 0.18 per share by the real estate investment trust on Monday, December 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date is Monday, December 23rd. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17.

Redwood Trust has a dividend payout ratio of 86.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Redwood Trust to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 86.1%.

Redwood Trust Trading Up 4.2 %

RWT opened at $7.13 on Friday. Redwood Trust has a fifty-two week low of $5.45 and a fifty-two week high of $8.15. The firm has a market capitalization of $943.09 million, a PE ratio of 12.96 and a beta of 1.57. 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 $7.29 and its 200 day moving average is $7.14.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RWT. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Redwood Trust in a research note on Monday, December 9th. StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Raymond James lifted 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. Wells Fargo & Company increased their target price on shares of Redwood Trust from $7.50 to $8.50 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, JMP Securities boosted their price target 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. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.03.

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.