Wall Street brokerages forecast that Redwood Trust, Inc. (NYSE:RWT) will post $0.37 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Redwood Trust’s earnings. Redwood Trust posted earnings of $0.41 per share in the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The company is scheduled to announce its next earnings report on Tuesday, August 6th.

On average, analysts expect that Redwood Trust will report full-year earnings of $1.46 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $1.48 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Redwood Trust.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Redwood Trust had a net margin of 24.71% and a return on equity of 10.86%. The business had revenue of $32.00 million during the quarter, compared to analysts’ expectations of $44.20 million. During the same period in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year.

Several research analysts have recently commented on RWT shares. Credit Suisse Group started coverage on shares of Redwood Trust in a research note on Tuesday, February 5th. They issued an “outperform” rating and a $18.00 price objective for the company. Zacks Investment Research cut shares of Redwood Trust from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. JMP Securities raised shares of Redwood Trust from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, March 4th. Finally, Nomura started coverage on shares of Redwood Trust in a report on Wednesday, March 27th. They issued a “buy” rating and a $17.50 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.83.

Shares of NYSE RWT traded up $0.02 during midday trading on Friday, hitting $16.18. The company’s stock had a trading volume of 27,177 shares, compared to its average volume of 514,211. The company has a debt-to-equity ratio of 5.30, a quick ratio of 4.25 and a current ratio of 4.25. Redwood Trust has a 1 year low of $14.29 and a 1 year high of $17.50. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 9.09 and a beta of 0.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.42%. Redwood Trust’s dividend payout ratio (DPR) is 67.42%.

In other Redwood Trust news, Director Mariann H. Byerwalter sold 9,778 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $15.81, for a total transaction of $154,590.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in RWT. BlackRock Inc. raised its holdings in Redwood Trust by 12.2% during the first quarter. BlackRock Inc. now owns 16,384,220 shares of the real estate investment trust’s stock worth $264,604,000 after purchasing an additional 1,778,088 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Redwood Trust by 19.7% in the 3rd quarter. Vanguard Group Inc now owns 7,796,662 shares of the real estate investment trust’s stock valued at $126,618,000 after acquiring an additional 1,284,601 shares during the period. Vanguard Group Inc. increased its holdings in shares of Redwood Trust by 19.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,796,662 shares of the real estate investment trust’s stock valued at $126,618,000 after acquiring an additional 1,284,601 shares during the period. Norges Bank acquired a new position in shares of Redwood Trust in the 4th quarter valued at $18,679,000. Finally, Shoals Capital Management LP acquired a new position in shares of Redwood Trust in the 4th quarter valued at $18,461,000. 82.64% of the stock is currently owned by institutional investors.

Redwood Trust Company Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations, as well as issued by third parties and other credit risk-related investments; and invests directly in residential mortgage loans.

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