Charles Schwab Investment Management Inc. Has $9.22 Million Stake in Redwood Trust, Inc. (NYSE:RWT)

Charles Schwab Investment Management Inc. decreased its position in Redwood Trust, Inc. (NYSE:RWT) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,153 shares of the real estate investment trust’s stock after selling 196,990 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Redwood Trust were worth $9,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Redwood Trust by 6.9% in the 3rd quarter. Wellington Management Group LLP now owns 14,611,264 shares of the real estate investment trust’s stock valued at $112,945,000 after acquiring an additional 941,223 shares in the last quarter. State Street Corp grew its holdings in Redwood Trust by 2.0% during the third quarter. State Street Corp now owns 5,189,667 shares of the real estate investment trust’s stock worth $40,116,000 after purchasing an additional 102,274 shares during the period. Principal Financial Group Inc. grew its holdings in Redwood Trust by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 641,410 shares of the real estate investment trust’s stock worth $4,188,000 after purchasing an additional 18,164 shares during the period. Franklin Resources Inc. grew its holdings in Redwood Trust by 4.6% during the third quarter. Franklin Resources Inc. now owns 72,486 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 3,206 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Redwood Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,038,438 shares of the real estate investment trust’s stock worth $23,492,000 after purchasing an additional 25,444 shares during the period. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Stock Down 1.8 %

Shares of RWT opened at $6.30 on Friday. Redwood Trust, Inc. has a one year low of $5.46 and a one year high of $8.15. The company has a market cap of $834.21 million, a P/E ratio of 19.08 and a beta of 1.63. The company has a debt-to-equity ratio of 14.09, a current ratio of 44.36 and a quick ratio of 44.36. The firm has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $6.96.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $26.00 million. Redwood Trust had a net margin of 9.35% and a return on equity of 6.91%. Research analysts forecast that Redwood Trust, Inc. will post 0.78 EPS for the current fiscal year.

Redwood Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.44%. Redwood Trust’s payout ratio is presently 218.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and set a $8.00 price objective on shares of Redwood Trust in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Redwood Trust from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Redwood Trust has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

Redwood Trust Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.