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.
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.
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