SG Americas Securities LLC Sells 14,956 Shares of Redwood Trust, Inc. (NYSE:RWT)

SG Americas Securities LLC reduced its position in Redwood Trust, Inc. (NYSE:RWT) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,298 shares of the real estate investment trust’s stock after selling 14,956 shares during the period. SG Americas Securities LLC’s holdings in Redwood Trust were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Redwood Trust by 6.9% during the third quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust’s stock valued at $112,945,000 after purchasing an additional 941,223 shares in the last quarter. State Street Corp increased its holdings in shares of Redwood Trust by 2.0% in the third quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust’s stock worth $40,116,000 after purchasing an additional 102,274 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Redwood Trust by 4.6% in the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 3,206 shares during the last quarter. Geode Capital Management LLC increased its stake in Redwood Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust’s stock worth $23,492,000 after acquiring an additional 25,444 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in Redwood Trust during the third quarter worth approximately $722,000. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

Redwood Trust Price Performance

NYSE RWT opened at $6.50 on Tuesday. The company has a debt-to-equity ratio of 14.55, a current ratio of 44.36 and a quick ratio of 44.36. The stock’s fifty day moving average price is $6.68 and its 200 day moving average price is $7.15. Redwood Trust, Inc. has a 1 year low of $5.45 and a 1 year high of $8.15. The company has a market cap of $860.72 million, a price-to-earnings ratio of 11.81 and a beta of 1.57.

Redwood Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 23rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 11.09%. This is a positive change from Redwood Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 23rd. Redwood Trust’s dividend payout ratio is presently 130.91%.

Analyst Upgrades and Downgrades

RWT has been the subject of several recent analyst reports. StockNews.com upgraded Redwood Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, JMP Securities lowered their target price 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. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.84.

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.