Atria Wealth Solutions Inc. Has $671,000 Position in Redwood Trust, Inc. (NYSE:RWT)

Atria Wealth Solutions Inc. trimmed its stake in Redwood Trust, Inc. (NYSE:RWT) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,821 shares of the real estate investment trust’s stock after selling 2,700 shares during the quarter. Atria Wealth Solutions Inc. owned about 0.08% of Redwood Trust worth $671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Creative Planning acquired a new position in shares of Redwood Trust during the third quarter worth approximately $91,000. Golden State Equity Partners lifted its position in Redwood Trust by 19.3% in the 3rd quarter. Golden State Equity Partners now owns 70,562 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 11,396 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in Redwood Trust by 22.8% during the 3rd 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 during the last quarter. Concurrent Investment Advisors LLC increased its holdings in Redwood Trust by 269.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 39,273 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 28,655 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Redwood Trust by 7.2% in the third quarter. Apollon Wealth Management LLC now owns 77,972 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 5,259 shares during the last quarter. 74.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RWT shares. JMP Securities reiterated a “market outperform” rating and set a $8.00 price target on shares of Redwood Trust in a report on Friday, February 14th. JPMorgan Chase & Co. lowered 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 cut shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.84.

Redwood Trust Stock Up 3.4 %

RWT opened at $6.61 on Wednesday. Redwood Trust, Inc. has a twelve month low of $5.45 and a twelve month high of $8.15. The company’s 50-day moving average price is $6.49 and its two-hundred day moving average price is $7.06. The stock has a market cap of $875.29 million, a price-to-earnings ratio of 20.02 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 14.09.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $26.00 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. As a group, equities analysts expect that Redwood Trust, Inc. will post 0.78 earnings per share for the current year.

Redwood Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 23rd were paid a $0.18 dividend. This is a boost from Redwood Trust’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date of this dividend was Monday, December 23rd. Redwood Trust’s payout ratio is currently 218.18%.

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.