[ad_1]
Texas Permanent School Fund Corporation increased its position in Redwood Trust, Inc. (NYSE:RWT – Free Report) by 3.4 in the third quarter, according to the company’s most recent disclosures filed with the Securities and Exchange Commission (SEC). % reduction. The company owned 96,264 shares of the real estate investment trust’s stock after selling 3,342 shares during the quarter. Texas Permanent School Fund Corp.’s holdings in Redwood Trust were worth $686,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Redwood Trust by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,245,804 shares of the real estate investment trust’s stock worth $128,948,000 after acquiring an additional 150,771 shares during the period. State Street Corp. grew its holdings in shares of Redwood Trust by 1.9% in the 3rd quarter. State Street Corp. now owns 4,359,312 shares of the real estate investment trust’s stock valued at $25,022,000 after purchasing an additional 79,780 shares in the last quarter. Geode Capital Management LLC grew its holdings in Redwood Trust by 9.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,357,620 shares of the real estate investment trust’s stock valued at $15,018,000 after purchasing an additional 199,769 shares during the period. Invesco Inc. increased its holdings in shares of Redwood Trust by 104.5% in the 1st quarter. Invesco Inc. now owns 1,912,012 shares of the real estate investment trust’s stock valued at $20,133,000 after purchasing an additional 976,831 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Redwood Trust by 0.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,877,675 shares of the real estate investment trust’s stock valued at $11,961,000 after acquiring an additional 11,330 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.
Redwood Trust Stock Price Performance
NYSE:RWT stock opened at $6.16 on Friday. The company has a market capitalization of $703.72 Million, a P/E ratio of -51.33 and a beta of 1.51. Redwood Trust has a 12-month low of $5.47 and a 12-month high of $8.30. The company has a quick ratio of 6.99, a current ratio of 8.34 and a debt-to-equity ratio of 9.55. The company’s 50-day moving average price is $6.94 and its 200-day moving average price is $7.14.
Redwood Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.16 per share. This equates to an annualized dividend of $0.64 and a dividend yield of 10.39% for him. The ex-dividend date was Tuesday, December 19th. Redwood Trust’s dividend payout ratio (DPR) is currently -533.33%.
Analyst upgrades and downgrades
Multiple stock analysts have published reports on the company. BTIG Research upgraded Redwood Trust from a “neutral” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Tuesday, December 5th. Piper Sandler lowered their target price on shares of Redwood Trust from $7.50 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group was covered in shares of Redwood Trust in a report on Wednesday, December 6th. They gave the company a “buy” rating and set a price target of $9.00. Raymond James lowered their target price on shares of Redwood Trust from $9.00 to $8.50 and gave the company a “strong buy” rating in a research report on Friday, January 19th. Finally, JMP Securities lowered their target price on Redwood Trust from $9.00 to $8.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, four have rated it with a buy rating, and one has rated the stock with a strong buy rating. Redwood Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06, according to data from MarketBeat.com.
Get the latest report on RWT
Redwood Trust Company Profile
(Free report)
Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Mortgage Banking, and Investment Portfolios. The Mortgage Banking segment operates mortgage conduits that acquire mortgage loans from third-party originators for subsequent sale, securitization, or transfer into investment portfolios.
Featured articles
Curious if other hedge funds hold RWT? Visit HoldingsChannel.com to get the latest 13F filing and insider transactions for Redwood Trust, Inc. (NYSE:RWT – Free Report).
Receive daily Redwood Trust news and reviews – Enter your email address below to receive a concise, daily summary of the latest news and analyst ratings on Redwood Trust and related companies with MarketBeat.com’s free daily email newsletter.
[ad_2]
Source link
