Callan Capital LLC Buys New Position in Redwood Trust, Inc. (NYSE:RWT)

Callan Capital LLC acquired a new stake in Redwood Trust, Inc. (NYSE:RWT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the real estate investment trust’s stock, valued at approximately $163,000.

Several other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Redwood Trust during the 3rd quarter worth $39,000. Sovran Advisors LLC acquired a new stake in Redwood Trust during the 4th quarter worth $63,000. KBC Group NV boosted its stake in shares of Redwood Trust by 86.7% during the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 4,788 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Redwood Trust during the fourth quarter worth about $86,000. Finally, Creative Planning acquired a new stake in shares of Redwood Trust during the third quarter worth about $91,000. 74.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RWT shares. StockNews.com cut Redwood Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. JMP Securities reaffirmed a “market outperform” rating and set a $8.00 price objective on shares of Redwood Trust in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.84.

Redwood Trust Stock Down 0.1 %

RWT opened at $6.43 on Monday. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The business has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $7.07. The stock has a market capitalization of $851.44 million, a P/E ratio of 19.47 and a beta of 1.57. Redwood Trust, Inc. has a 12 month low of $5.45 and a 12 month high of $8.15.

Redwood Trust (NYSE:RWT) last released its 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 6.91%. The business had revenue of $27.60 million during the quarter, compared to analyst estimates of $26.00 million. On average, equities analysts anticipate that Redwood Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Redwood Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.21%. The ex-dividend date was Monday, December 23rd. This is an increase from Redwood Trust’s previous quarterly dividend of $0.17. Redwood Trust’s payout ratio is 218.19%.

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.