Redwood Trust, Inc. (RWT) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Redwood Trust, Inc. (NYSE:RWT) by 81.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,431 shares of the real estate investment trust’s stock after selling 83,130 shares during the period. SG Americas Securities LLC’s holdings in Redwood Trust were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RWT. Rhumbline Advisers increased its holdings in Redwood Trust by 23.0% in the fourth quarter. Rhumbline Advisers now owns 241,955 shares of the real estate investment trust’s stock valued at $3,646,000 after buying an additional 45,254 shares in the last quarter. Arizona State Retirement System increased its holdings in Redwood Trust by 6.2% in the fourth quarter. Arizona State Retirement System now owns 127,765 shares of the real estate investment trust’s stock valued at $1,925,000 after buying an additional 7,464 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Redwood Trust in the fourth quarter valued at about $178,000. Cedar Wealth Management LLC increased its holdings in Redwood Trust by 112.5% in the fourth quarter. Cedar Wealth Management LLC now owns 1,700 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 900 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Redwood Trust by 195.1% in the fourth quarter. Bank of Montreal Can now owns 2,526 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 88.24% of the company’s stock.

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Shares of RWT traded up $0.32 during mid-day trading on Monday, reaching $15.65. 288,106 shares of the company’s stock were exchanged, compared to its average volume of 1,619,184. The company has a debt-to-equity ratio of 5.92, a current ratio of 4.05 and a quick ratio of 4.63. Redwood Trust, Inc. has a 52-week low of $14.29 and a 52-week high of $17.50. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 8.79 and a beta of 0.70.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Thursday, February 14th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Redwood Trust had a net margin of 26.49% and a return on equity of 13.10%. The business had revenue of $35.00 million during the quarter, compared to analysts’ expectations of $37.63 million. During the same period last year, the company posted $0.35 EPS. The company’s revenue was up .0% on a year-over-year basis. On average, equities analysts expect that Redwood Trust, Inc. will post 1.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.67%. Redwood Trust’s dividend payout ratio (DPR) is 67.42%.

In other news, General Counsel Andrew P. Stone sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $15.25, for a total transaction of $228,750.00. Following the completion of the transaction, the general counsel now directly owns 85,062 shares of the company’s stock, valued at approximately $1,297,195.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.84% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Redwood Trust from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, December 12th. Credit Suisse Group assumed coverage on shares of Redwood Trust in a report on Tuesday, February 5th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, JMP Securities raised shares of Redwood Trust from a “market perform” rating to a “market outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.90.

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About Redwood Trust

Redwood Trust, Inc, together with its subsidiaries, engages in mortgage banking activities 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, and issued by third parties and other credit risk-related investments; and invests in residential loans held for investment and mortgage servicing rights associated with residential loans.

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