News articles about Redwood Trust (NYSE:RWT) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Redwood Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1276976781117 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- BRIEF-Redwood Trust Announces Marty Hughes’ Retirement As CEO (RWT) (markets.businessinsider.com)
- Redwood Announces Intention To Maintain Dividend At $0.28 Per Share Per Quarter In 2018 (finance.yahoo.com)
- Redwood Trust Announces Marty Hughes’ Retirement as Chief Executive Officer, Christopher J. Abate to be named CEO and Dashiell I. Robinson to be promoted to President (finance.yahoo.com)
- ValuEngine Upgrades Redwood Trust (RWT) to Buy (americanbankingnews.com)
- Ellington Residential Mortgage REIT (EARN) versus Redwood Trust (RWT) Critical Review (americanbankingnews.com)
A number of equities research analysts have weighed in on RWT shares. Zacks Investment Research downgraded shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank cut their price target on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.
Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Redwood Trust had a net margin of 41.62% and a return on equity of 9.87%. The firm had revenue of $35.00 million for the quarter, compared to analysts’ expectations of $36.86 million. During the same period in the prior year, the company posted $0.58 earnings per share. Redwood Trust’s quarterly revenue was down 10.3% compared to the same quarter last year. equities research analysts predict that Redwood Trust will post 1.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, December 14th. Redwood Trust’s dividend payout ratio is presently 70.89%.
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Redwood Trust Company Profile
Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.
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