Redwood Trust, Inc. (NYSE:RWT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 182.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,929 shares of the real estate investment trust’s stock after buying an additional 31,582 shares during the quarter. Intech Investment Management LLC’s holdings in Redwood Trust were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC lifted its holdings in shares of Redwood Trust by 22.8% in the third quarter. Ceredex Value Advisors LLC now owns 1,113,600 shares of the real estate investment trust’s stock valued at $8,608,000 after purchasing an additional 207,088 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Redwood Trust by 21.7% in the second quarter. Van ECK Associates Corp now owns 976,283 shares of the real estate investment trust’s stock valued at $6,336,000 after purchasing an additional 174,317 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Redwood Trust by 1.6% in the second quarter. Rhumbline Advisers now owns 390,185 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 6,242 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Redwood Trust by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 290,767 shares of the real estate investment trust’s stock valued at $1,887,000 after purchasing an additional 21,232 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Redwood Trust by 12.7% in the second quarter. Wedbush Securities Inc. now owns 271,088 shares of the real estate investment trust’s stock valued at $1,759,000 after purchasing an additional 30,486 shares in the last quarter. 74.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RWT has been the topic of several recent analyst reports. StockNews.com raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. JMP Securities upped their price objective on shares of Redwood Trust from $8.50 to $9.00 and gave the company a “market outperform” rating in a research note on Friday, October 4th. Wells Fargo & Company upped their price objective on shares of Redwood Trust from $7.50 to $8.50 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Raymond James upped their price objective on shares of Redwood Trust from $8.50 to $9.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Redwood Trust from $7.50 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.19.

Redwood Trust Price Performance

Redwood Trust stock opened at $7.11 on Wednesday. Redwood Trust, Inc. has a 52-week low of $5.45 and a 52-week high of $8.15. The firm has a fifty day moving average of $7.37 and a 200-day moving average of $7.12. The firm has a market capitalization of $940.44 million, a P/E ratio of 12.93 and a beta of 1.57. The company has a quick ratio of 44.36, a current ratio of 44.36 and a debt-to-equity ratio of 14.55.

Redwood Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.17 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.68 annualized dividend and a dividend yield of 9.56%. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.16. Redwood Trust’s dividend payout ratio is presently 123.64%.

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.