Media stories about Redwood Trust (NYSE:RWT) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Redwood Trust earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.9952973739182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Redwood Trust, Inc. (RWT) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Head-To-Head Comparison: Annaly Capital Management (NLY) versus Redwood Trust (RWT) (americanbankingnews.com)
- Redwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : October 6, 2017 (finance.yahoo.com)
- Financial Contrast: Redwood Trust (RWT) & The Competition (americanbankingnews.com)
Several research firms have recently weighed in on RWT. ValuEngine downgraded Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Redwood Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, BidaskClub raised Redwood Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th.
Redwood Trust (NYSE:RWT) traded up 0.61% during trading on Wednesday, reaching $16.62. The company’s stock had a trading volume of 236,433 shares. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 9.71 and a beta of 0.87. Redwood Trust has a 52 week low of $13.57 and a 52 week high of $17.45. The firm has a 50 day moving average of $16.42 and a 200 day moving average of $16.80.
Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Redwood Trust had a net margin of 46.04% and a return on equity of 12.02%. The company had revenue of $60.00 million for the quarter, compared to analyst estimates of $33.59 million. During the same quarter in the prior year, the business earned $0.48 EPS. Analysts expect that Redwood Trust will post $1.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.74%. Redwood Trust’s dividend payout ratio is presently 64.00%.
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About Redwood Trust
Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.
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