Redwood Trust, Inc. (NYSE:RWT) Shares Bought by Brinker Capital Inc.

Brinker Capital Inc. raised its stake in Redwood Trust, Inc. (NYSE:RWT) by 31.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 148,519 shares of the real estate investment trust’s stock after purchasing an additional 35,552 shares during the quarter. Brinker Capital Inc.’s holdings in Redwood Trust were worth $2,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new stake in Redwood Trust during the second quarter worth about $52,000. AdvisorNet Financial Inc increased its stake in Redwood Trust by 1,250.0% during the second quarter. AdvisorNet Financial Inc now owns 5,400 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 5,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Redwood Trust by 25.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,898 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,194 shares during the period. North Star Investment Management Corp. purchased a new stake in Redwood Trust during the third quarter worth about $116,000. Finally, Country Club Trust Company n.a. purchased a new stake in Redwood Trust during the third quarter worth about $173,000. 81.57% of the stock is currently owned by institutional investors.

RWT stock opened at $16.92 on Wednesday. The company’s 50 day moving average price is $16.64 and its 200 day moving average price is $16.48. The company has a debt-to-equity ratio of 6.07, a quick ratio of 4.41 and a current ratio of 4.41. Redwood Trust, Inc. has a fifty-two week low of $14.29 and a fifty-two week high of $17.28. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 9.51 and a beta of 0.63.

Redwood Trust (NYSE:RWT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Redwood Trust had a net margin of 21.26% and a return on equity of 10.71%. The firm had revenue of $32.00 million for the quarter, compared to analyst estimates of $42.20 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts forecast that Redwood Trust, Inc. will post 1.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.09%. Redwood Trust’s payout ratio is 67.42%.

A number of analysts have issued reports on RWT shares. Nomura boosted their price target on shares of Redwood Trust from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. ValuEngine lowered shares of Redwood Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Redwood Trust from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Redwood Trust currently has an average rating of “Buy” and a consensus target price of $18.25.

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

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