Redwood Trust, Inc. (NYSE:RWT) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Redwood Trust, Inc. (NYSE:RWT) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,909 shares of the real estate investment trust’s stock after purchasing an additional 1,932 shares during the period. BNP Paribas Financial Markets’ holdings in Redwood Trust were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in Redwood Trust in the third quarter worth approximately $39,000. GAMMA Investing LLC increased its stake in shares of Redwood Trust by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,043 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Redwood Trust during the 2nd quarter worth $69,000. Algert Global LLC bought a new position in shares of Redwood Trust during the 2nd quarter valued at $86,000. Finally, Creative Planning acquired a new stake in shares of Redwood Trust in the 3rd quarter valued at $91,000. 74.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RWT has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of Redwood Trust in a research report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Redwood Trust from $7.50 to $8.50 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Raymond James upped their price objective on shares of Redwood Trust from $8.50 to $9.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JMP Securities raised their price target on Redwood Trust from $8.50 to $9.00 and gave the company a “market outperform” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.03.

Redwood Trust Stock Performance

NYSE:RWT opened at $7.10 on Tuesday. The firm’s 50-day moving average is $7.28 and its 200-day moving average is $7.16. The company has a market cap of $938.46 million, a price-to-earnings ratio of 12.85 and a beta of 1.57. The company has a debt-to-equity ratio of 14.55, a quick ratio of 44.36 and a current ratio of 44.36. Redwood Trust, Inc. has a 52-week low of $5.45 and a 52-week high of $8.15.

Redwood Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 23rd will be given a $0.18 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.15%. This is an increase from Redwood Trust’s previous quarterly dividend of $0.17. Redwood Trust’s dividend payout ratio (DPR) is currently 123.64%.

About Redwood Trust

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.