RBO & Co. LLC lessened its position in Redwood Trust, Inc. (NYSE:RWT) by 96.6% during the 4th quarter, HoldingsChannel reports. The fund owned 21,167 shares of the real estate investment trust’s stock after selling 609,947 shares during the quarter. RBO & Co. LLC’s holdings in Redwood Trust were worth $314,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RWT. New York State Common Retirement Fund lifted its position in shares of Redwood Trust by 4.6% in the second quarter. New York State Common Retirement Fund now owns 80,000 shares of the real estate investment trust’s stock valued at $1,363,000 after acquiring an additional 3,499 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Redwood Trust by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 39,228 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 116 shares in the last quarter. Northern Trust Corp lifted its position in shares of Redwood Trust by 2.5% in the second quarter. Northern Trust Corp now owns 930,774 shares of the real estate investment trust’s stock valued at $15,860,000 after acquiring an additional 22,723 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Redwood Trust by 2.2% in the second quarter. Vanguard Group Inc. now owns 6,303,530 shares of the real estate investment trust’s stock valued at $107,412,000 after acquiring an additional 137,701 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Redwood Trust by 6.2% in the second quarter. State Street Corp now owns 1,611,297 shares of the real estate investment trust’s stock valued at $27,454,000 after acquiring an additional 93,613 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.
In related news, General Counsel Andrew P. Stone sold 5,000 shares of Redwood Trust stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $14.87, for a total transaction of $74,350.00. Following the transaction, the general counsel now owns 53,015 shares in the company, valued at $788,333.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.33% of the company’s stock.
Redwood Trust, Inc. (NYSE:RWT) opened at $14.87 on Friday. Redwood Trust, Inc. has a 1 year low of $14.29 and a 1 year high of $17.45. The company has a market capitalization of $1,150.55, a P/E ratio of 10.73 and a beta of 0.79. The company has a debt-to-equity ratio of 2.91, a quick ratio of 3.36 and a current ratio of 3.36.
Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Redwood Trust had a return on equity of 9.87% and a net margin of 41.62%. The firm had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.55 million. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. analysts forecast that Redwood Trust, Inc. will post 1.6 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.53%. Redwood Trust’s payout ratio is 70.89%.
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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