Nisa Investment Advisors LLC Has $537,000 Stock Holdings in Redwood Trust, Inc. (NYSE:RWT)

Nisa Investment Advisors LLC reduced its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,192 shares of the real estate investment trust’s stock after selling 3,623 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of Redwood Trust worth $537,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RWT. Brown Brothers Harriman & Co. bought a new position in Redwood Trust in the 3rd quarter valued at about $39,000. GAMMA Investing LLC increased its stake in Redwood Trust by 65.4% in the third quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,043 shares during the last quarter. Algert Global LLC acquired a new position in Redwood Trust during the second quarter valued at approximately $86,000. Creative Planning acquired a new position in Redwood Trust during the third quarter valued at approximately $91,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Redwood Trust in the 3rd quarter valued at $101,000. Institutional investors own 74.34% of the company’s stock.

Redwood Trust Trading Down 0.5 %

RWT opened at $6.52 on Wednesday. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. Redwood Trust, Inc. has a fifty-two week low of $5.45 and a fifty-two week high of $8.15. The company’s 50 day moving average price is $6.72 and its two-hundred day moving average price is $7.17. The firm has a market capitalization of $863.37 million, a price-to-earnings ratio of 11.85 and a beta of 1.57.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Redwood Trust had a net margin of 9.35% and a return on equity of 6.01%. During the same period in the previous year, the business earned $0.09 EPS. As a group, research analysts predict that Redwood Trust, Inc. will post 0.57 earnings per share for the current year.

Redwood Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date was Monday, December 23rd. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17. Redwood Trust’s payout ratio is 130.91%.

Analyst Ratings Changes

A number of research firms have recently commented on RWT. JMP Securities lowered their price target on Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.84.

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.