Golden State Equity Partners Buys 60,818 Shares of Redwood Trust, Inc. (NYSE:RWT)

Golden State Equity Partners boosted its stake in Redwood Trust, Inc. (NYSE:RWT) by 633.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,414 shares of the real estate investment trust’s stock after purchasing an additional 60,818 shares during the quarter. Golden State Equity Partners owned approximately 0.05% of Redwood Trust worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Redwood Trust by 6.9% during the 3rd 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 acquiring an additional 941,223 shares during the last quarter. State Street Corp lifted its position in Redwood Trust by 2.0% in the 3rd quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust’s stock worth $40,116,000 after buying an additional 102,274 shares during the last quarter. Geode Capital Management LLC lifted its position in Redwood Trust by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust’s stock worth $23,492,000 after buying an additional 25,444 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in Redwood Trust by 22.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,113,600 shares of the real estate investment trust’s stock worth $8,608,000 after buying an additional 207,088 shares during the last quarter. Finally, NFC Investments LLC lifted its position in Redwood Trust by 127.7% in 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 last quarter. Institutional investors own 74.34% of the company’s stock.

Redwood Trust Trading Down 0.8 %

NYSE RWT opened at $6.50 on Tuesday. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.55. Redwood Trust, Inc. has a twelve month low of $5.45 and a twelve month high of $8.15. The firm has a market capitalization of $860.72 million, a PE ratio of 11.81 and a beta of 1.57. The stock’s 50 day moving average is $6.68 and its 200 day moving average is $7.15.

Redwood Trust Increases Dividend

The business 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 represents a $0.72 annualized dividend and a yield of 11.09%. This is an increase from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd. Redwood Trust’s payout ratio is 130.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. JMP Securities decreased their price target on Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Redwood Trust currently has a consensus rating of “Moderate Buy” and an average price target of $7.84.

Redwood Trust 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.