California State Teachers Retirement System Sells 14,551 Shares of Redwood Trust, Inc. (RWT)

California State Teachers Retirement System trimmed its stake in Redwood Trust, Inc. (NYSE:RWT) by 9.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,711 shares of the real estate investment trust’s stock after selling 14,551 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Redwood Trust worth $2,313,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its holdings in Redwood Trust by 0.3% in the second quarter. North Star Investment Management Corp. now owns 28,770 shares of the real estate investment trust’s stock valued at $490,000 after purchasing an additional 80 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Redwood Trust by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 39,228 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 116 shares during the period. AQR Capital Management LLC grew its holdings in Redwood Trust by 0.4% in the first quarter. AQR Capital Management LLC now owns 129,379 shares of the real estate investment trust’s stock valued at $2,149,000 after purchasing an additional 573 shares during the period. Eqis Capital Management Inc. grew its holdings in Redwood Trust by 21.5% in the second quarter. Eqis Capital Management Inc. now owns 14,576 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 2,580 shares during the period. Finally, Montag A & Associates Inc. grew its holdings in Redwood Trust by 3.9% in the second quarter. Montag A & Associates Inc. now owns 80,550 shares of the real estate investment trust’s stock valued at $1,373,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

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A number of equities research analysts recently issued reports on RWT shares. ValuEngine upgraded shares of Redwood Trust from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Redwood Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Deutsche Bank AG lowered their target price on shares of Redwood Trust from $18.50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 8th.

Shares of Redwood Trust, Inc. (NYSE RWT) opened at $14.73 on Monday. Redwood Trust, Inc. has a twelve month low of $14.43 and a twelve month high of $17.45. The stock has a market cap of $1,135.90, a P/E ratio of 10.60 and a beta of 0.92. The company has a debt-to-equity ratio of 2.91, a current ratio of 3.36 and a quick ratio of 3.36.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $35.00 million for the quarter, compared to analyst estimates of $36.86 million. Redwood Trust had a net margin of 41.62% and a return on equity of 9.87%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. equities analysts anticipate that Redwood Trust, Inc. will post 1.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.12 dividend on an annualized basis and a yield of 7.60%. Redwood Trust’s dividend payout ratio (DPR) is 70.89%.

Redwood Trust Profile

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 securitizations.

Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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