Redwood Trust, Inc. (NYSE:RWT) Plans Quarterly Dividend of $0.30

Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Monday, December 16th will be paid a dividend of 0.30 per share by the real estate investment trust on Monday, December 30th. This represents a $1.20 dividend on an annualized basis and a yield of 7.35%.

RWT traded up $0.03 on Thursday, reaching $16.32. The company had a trading volume of 524,664 shares, compared to its average volume of 922,452. The company has a fifty day moving average of $16.58 and a 200-day moving average of $16.51. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.17 and a beta of 0.60. The company has a current ratio of 6.67, a quick ratio of 4.41 and a debt-to-equity ratio of 6.33. Redwood Trust has a one year low of $14.29 and a one year high of $17.28.

Redwood Trust (NYSE:RWT) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). The company had revenue of $34.00 million during the quarter, compared to the consensus estimate of $44.50 million. Redwood Trust had a net margin of 19.44% and a return on equity of 10.37%. During the same quarter in the prior year, the company earned $0.39 EPS. Research analysts predict that Redwood Trust will post 1.51 EPS for the current year.

Several research firms have recently weighed in on RWT. Zacks Investment Research lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. ValuEngine upgraded shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Nomura raised their price objective on shares of Redwood Trust from $17.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $18.25.

About Redwood Trust

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.

See Also: What is a dividend reinvestment plan?

Dividend History for Redwood Trust (NYSE:RWT)

Receive News & Ratings for Redwood Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwood Trust and related companies with's FREE daily email newsletter.