Guggenheim Capital LLC raised its stake in Redwood Trust, Inc. (NYSE:RWT) by 400.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,090 shares of the company’s stock after buying an additional 288,900 shares during the period. Guggenheim Capital LLC owned approximately 0.47% of Redwood Trust worth $5,492,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Redwood Trust by 6.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,329 shares of the company’s stock valued at $101,000 after buying an additional 461 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Redwood Trust during the third quarter valued at $187,000. Russell Investments Group Ltd. acquired a new stake in shares of Redwood Trust during the fourth quarter valued at $212,000. Weiss Asset Management LP acquired a new stake in shares of Redwood Trust during the third quarter valued at $235,000. Finally, First Republic Investment Management Inc. increased its stake in shares of Redwood Trust by 2.2% in the fourth quarter. First Republic Investment Management Inc. now owns 15,878 shares of the company’s stock valued at $241,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 83.73% of the company’s stock.
Shares of Redwood Trust, Inc. (NYSE:RWT) opened at 16.06 on Wednesday. Redwood Trust, Inc. has a 52 week low of $11.81 and a 52 week high of $17.05. The stock’s 50 day moving average is $16.22 and its 200 day moving average is $15.06. The firm has a market cap of $1.24 billion, a P/E ratio of 10.41 and a beta of 0.71.
Redwood Trust (NYSE:RWT) last issued its earnings results on Thursday, February 23rd. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.03. Redwood Trust had a return on equity of 15.35% and a net margin of 48.35%. During the same quarter last year, the company earned $0.46 EPS. On average, equities research analysts predict that Redwood Trust, Inc. will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 16th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.12 dividend on an annualized basis and a yield of 6.97%. Redwood Trust’s payout ratio is 67.07%.
Separately, Zacks Investment Research downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.86.
In related news, General Counsel Andrew P. Stone sold 5,000 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $15.30, for a total transaction of $76,500.00. Following the transaction, the general counsel now directly owns 50,896 shares in the company, valued at $778,708.80. The sale was disclosed in a filing with the SEC, which is available through this link. 3.35% of the stock is currently owned by insiders.
About Redwood Trust
Redwood Trust, Inc, together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets. The Company operates through three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for subsequent sale, securitization or transfer to its investment portfolio.
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