The Redwood Trust (RWT) Getting Positive Media Coverage, AlphaOne Reports

The Redwood Trust (RWT) Getting Positive Media Coverage, AlphaOne Reports

A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th.

News coverage about Redwood Trust (NYSE:RWT) has trended positive recently, Alpha One Sentiment reports. The research firm, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Redwood Trust earned a coverage optimism score of 0.41 on Alpha One’s scale. Alpha One also gave press coverage about the real estate investment trust an impact score of 25 out of 100, meaning that recent press coverage is very unlikely to have an impact on the stock’s share price in the next few days.

Redwood Trust (RWT) opened at 17.13 on Monday. Redwood Trust has a 12 month low of $13.20 and a 12 month high of $17.38. The company has a 50-day moving average of $16.85 and a 200 day moving average of $16.15. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.74 and a beta of 0.71. Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company had revenue of $62 million during the quarter, compared to analysts’ expectations of $34.89 million. Redwood Trust had a net margin of 48.35% and a return on equity of 15.35%. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts anticipate that Redwood Trust will post $1.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Wednesday, June 14th. Redwood Trust’s dividend payout ratio is presently 67.07%. In other Redwood Trust news, General Counsel Andrew P. Stone sold 3,730 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $17.24, for a total transaction of $64,305.20. Following the completion of the transaction, the general counsel now directly owns 49,626 shares in the company, valued at $855,552.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen R. Pallotta acquired 3,027 shares of Redwood Trust stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $16.53 per share, with a total value of $50,036.31. The disclosure for this purchase can be found here. Corporate insiders own 3.35% of the company’s stock.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RWT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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