New York State Common Retirement Fund raised its stake in Redwood Trust, Inc. (NYSE:RWT) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the real estate investment trust’s stock after acquiring an additional 3,499 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Redwood Trust worth $1,363,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Redwood Trust in the 1st quarter valued at about $107,000. Comerica Bank raised its holdings in Redwood Trust by 0.8% in the 1st quarter. Comerica Bank now owns 11,286 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 95 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Redwood Trust during the 2nd quarter worth approximately $232,000. Eqis Capital Management Inc. grew its position in shares of Redwood Trust by 21.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 14,576 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 2,580 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Redwood Trust by 48.4% during the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 5,510 shares in the last quarter. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
Redwood Trust, Inc. (NYSE RWT) opened at 15.88 on Tuesday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 9.28 and a beta of 0.87. Redwood Trust, Inc. has a 12 month low of $13.57 and a 12 month high of $17.45. The firm’s 50 day moving average is $16.34 and its 200-day moving average is $16.78.
Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $60.00 million during the quarter, compared to the consensus estimate of $33.59 million. During the same period last year, the firm earned $0.48 EPS. On average, equities analysts forecast that Redwood Trust, Inc. will post $1.49 EPS for the current year.
A number of research analysts have issued reports on RWT shares. BidaskClub lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Redwood Trust from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th.
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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