Redwood Trust, Inc. (RWT) to Issue Quarterly Dividend of $0.18 on March 31st

Redwood Trust, Inc. (NYSE:RWT) announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.18 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 24th.

Redwood Trust has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Redwood Trust has a dividend payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Redwood Trust to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 80.0%.

Redwood Trust Stock Performance

Shares of RWT opened at $5.83 on Friday. The firm has a market cap of $728.07 million, a P/E ratio of -9.55 and a beta of 1.55. Redwood Trust has a twelve month low of $4.68 and a twelve month high of $6.97. The company has a debt-to-equity ratio of 24.34, a quick ratio of 55.15 and a current ratio of 55.15. The firm’s 50 day moving average price is $5.88 and its two-hundred day moving average price is $5.73.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $140.33 million for the quarter, compared to analyst estimates of $24.88 million. Redwood Trust had a positive return on equity of 12.00% and a negative net margin of 5.93%. On average, analysts forecast that Redwood Trust will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RWT. Wall Street Zen upgraded Redwood Trust from a “sell” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research raised shares of Redwood Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. JonesTrading restated a “buy” rating and set a $6.25 target price on shares of Redwood Trust in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods upped their price target on shares of Redwood Trust from $5.75 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of Redwood Trust from a “neutral” rating to an “overweight” rating and set a $6.00 price target for the company in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.96.

Redwood Trust Company Profile

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.