UBS Group AG Has $21.43 Million Stock Holdings in Redwood Trust, Inc. $RWT

UBS Group AG boosted its holdings in shares of Redwood Trust, Inc. (NYSE:RWT) by 521.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,875,226 shares of the real estate investment trust’s stock after purchasing an additional 3,251,302 shares during the quarter. UBS Group AG’s holdings in Redwood Trust were worth $21,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RWT. Russell Investments Group Ltd. lifted its holdings in shares of Redwood Trust by 331.8% during the second quarter. Russell Investments Group Ltd. now owns 7,915 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 6,082 shares during the last quarter. CWM LLC grew its stake in shares of Redwood Trust by 54.2% in the third quarter. CWM LLC now owns 9,514 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 3,346 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Redwood Trust in the fourth quarter worth $55,000. GAMMA Investing LLC increased its position in Redwood Trust by 71.6% during the fourth quarter. GAMMA Investing LLC now owns 11,054 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,611 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Redwood Trust by 136.9% during the second quarter. Tower Research Capital LLC TRC now owns 10,823 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 6,255 shares during the period. Institutional investors and hedge funds own 74.34% of the company’s stock.

Redwood Trust Trading Down 4.6%

Shares of Redwood Trust stock opened at $5.32 on Tuesday. Redwood Trust, Inc. has a 52-week low of $5.00 and a 52-week high of $6.97. The firm has a market capitalization of $665.54 million, a PE ratio of -6.81 and a beta of 1.40. The company has a debt-to-equity ratio of 28.42, a current ratio of 59.63 and a quick ratio of 59.63. The company’s fifty day moving average price is $5.76 and its two-hundred day moving average price is $5.66.

Redwood Trust (NYSE:RWT) last released 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). Redwood Trust had a positive return on equity of 14.53% and a negative net margin of 7.23%.The business had revenue of $140.33 million for the quarter, compared to the consensus estimate of $24.88 million. On average, analysts expect that Redwood Trust, Inc. will post 1.28 EPS for the current year.

Redwood Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.72 dividend on an annualized basis and a yield of 13.5%. Redwood Trust’s dividend payout ratio (DPR) is currently -92.31%.

Analyst Upgrades and Downgrades

RWT has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Redwood Trust from a “neutral” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Friday, January 23rd. Citigroup reaffirmed a “market perform” rating on shares of Redwood Trust in a research report on Wednesday, February 18th. Zacks Research cut shares of Redwood Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. JonesTrading reissued a “buy” rating and set a $6.25 target price on shares of Redwood Trust in a research report on Thursday, April 30th. Finally, Piper Sandler upped their price target on Redwood Trust from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.89.

Redwood Trust 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.