LSV Asset Management Sells 117,064 Shares of Redwood Trust, Inc. $RWT

LSV Asset Management decreased its position in Redwood Trust, Inc. (NYSE:RWT) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,861,261 shares of the real estate investment trust’s stock after selling 117,064 shares during the period. LSV Asset Management’s holdings in Redwood Trust were worth $10,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RWT. Russell Investments Group Ltd. raised its holdings in shares of Redwood Trust by 331.8% in the second quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 6,082 shares in the last quarter. Westbourne Investments Inc. bought a new position in Redwood Trust in the fourth quarter worth about $55,000. GAMMA Investing LLC raised its holdings in Redwood Trust by 71.6% in the fourth quarter. GAMMA Investing LLC now owns 11,054 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 4,611 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Redwood Trust by 136.9% during the second quarter. Tower Research Capital LLC TRC now owns 10,823 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 6,255 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Redwood Trust during the third quarter worth about $64,000. 74.34% of the stock is currently owned by institutional investors.

Redwood Trust Stock Up 0.2%

Shares of RWT opened at $5.29 on Tuesday. Redwood Trust, Inc. has a 52-week low of $5.00 and a 52-week high of $6.97. The company has a market capitalization of $662.29 million, a PE ratio of -6.78 and a beta of 1.40. The stock has a fifty day simple moving average of $5.61 and a two-hundred day simple moving average of $5.65. The company has a quick ratio of 59.63, a current ratio of 59.63 and a debt-to-equity ratio of 28.42.

Redwood Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.6%. Redwood Trust’s dividend payout ratio (DPR) is -92.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RWT shares. Piper Sandler boosted their price target on Redwood Trust from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Zacks Research lowered Redwood Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. JonesTrading restated a “buy” rating and issued a $6.25 price objective on shares of Redwood Trust in a research report on Thursday, April 30th. Citigroup restated a “market perform” rating on shares of Redwood Trust in a research report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Redwood Trust from $5.75 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.89.

About Redwood Trust

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.