Redwood Trust, Inc. (NYSE:RWT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.19.
RWT has been the topic of a number of research analyst reports. JMP Securities boosted their price objective on shares of Redwood Trust from $8.50 to $9.00 and gave the company a “market outperform” rating in a report on Friday, October 4th. Piper Sandler increased their price objective on Redwood Trust from $6.50 to $7.50 and gave the company a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Redwood Trust from $7.50 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Wells Fargo & Company upped their target price on Redwood Trust from $7.50 to $8.50 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Finally, Wedbush raised their price target on shares of Redwood Trust from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.
View Our Latest Research Report on RWT
Institutional Investors Weigh In On Redwood Trust
Redwood Trust Trading Up 0.4 %
Redwood Trust stock opened at $7.47 on Thursday. The company has a debt-to-equity ratio of 12.97, a quick ratio of 50.47 and a current ratio of 50.47. The stock has a market cap of $987.68 million, a PE ratio of 43.94 and a beta of 1.58. The stock has a 50-day moving average of $7.55 and a two-hundred day moving average of $6.87. Redwood Trust has a one year low of $5.45 and a one year high of $8.15.
Redwood Trust (NYSE:RWT – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Redwood Trust had a net margin of 4.45% and a return on equity of 4.93%. During the same period last year, the company posted $0.14 earnings per share. On average, research analysts anticipate that Redwood Trust will post 0.52 EPS for the current fiscal year.
Redwood Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.17 dividend. This is a boost from Redwood Trust’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend was Monday, September 23rd. Redwood Trust’s payout ratio is currently 400.00%.
Redwood Trust Company 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.
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