Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, May 16th, RTT News reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Thursday, June 13th.

Redwood Trust has increased its dividend by an average of 1.8% per year over the last three years. Redwood Trust has a dividend payout ratio of 67.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Redwood Trust to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 76.4%.

RWT opened at $16.13 on Wednesday. The company has a quick ratio of 4.25, a current ratio of 4.25 and a debt-to-equity ratio of 5.30. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 9.06 and a beta of 0.66. Redwood Trust has a 12-month low of $14.29 and a 12-month high of $17.50.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The firm had revenue of $32.00 million during the quarter, compared to the consensus estimate of $44.20 million. Redwood Trust had a return on equity of 10.86% and a net margin of 24.71%. During the same quarter last year, the company posted $0.60 EPS. Redwood Trust’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts predict that Redwood Trust will post 1.48 earnings per share for the current year.

A number of research analysts have recently weighed in on RWT shares. JMP Securities raised Redwood Trust from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, March 4th. Zacks Investment Research downgraded Redwood Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. Finally, Nomura began coverage on Redwood Trust in a research report on Wednesday, March 27th. They set a “buy” rating and a $17.50 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Redwood Trust presently has an average rating of “Hold” and a consensus target price of $17.83.

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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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Dividend History for Redwood Trust (NYSE:RWT)

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