Redwood Trust, Inc. (NYSE:RWT) Declares $0.18 Quarterly Dividend

Redwood Trust, Inc. (NYSE:RWT) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.18 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Redwood Trust has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Redwood Trust has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Redwood Trust to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 53.7%.

Redwood Trust Trading Up 1.7%

Shares of NYSE RWT opened at $5.20 on Friday. The company has a debt-to-equity ratio of 28.42, a quick ratio of 59.63 and a current ratio of 59.63. The business’s 50 day moving average price is $5.53 and its 200-day moving average price is $5.66. Redwood Trust has a fifty-two week low of $5.00 and a fifty-two week high of $6.97. The company has a market cap of $650.52 million, a price-to-earnings ratio of -6.66 and a beta of 1.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vident Advisory LLC increased its holdings in Redwood Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 39,606 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 1,773 shares during the period. Janney Montgomery Scott LLC increased its holdings in Redwood Trust by 18.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,113 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,363 shares during the period. Inceptionr LLC increased its holdings in shares of Redwood Trust by 10.7% in the 3rd quarter. Inceptionr LLC now owns 26,377 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 2,560 shares during the period. Rhumbline Advisers increased its holdings in shares of Redwood Trust by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 392,058 shares of the real estate investment trust’s stock valued at $2,270,000 after acquiring an additional 3,147 shares during the period. Finally, Choreo LLC increased its holdings in shares of Redwood Trust by 29.4% in the 4th quarter. Choreo LLC now owns 13,893 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 3,158 shares during the period. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

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.