HST Ventures LLC Has $10.69 Million Holdings in Redwood Trust, Inc. (NYSE:RWT)

HST Ventures LLC lifted its position in Redwood Trust, Inc. (NYSE:RWTFree Report) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,442,812 shares of the real estate investment trust’s stock after buying an additional 61,111 shares during the quarter. Redwood Trust accounts for about 3.8% of HST Ventures LLC’s investment portfolio, making the stock its 9th biggest holding. HST Ventures LLC’s holdings in Redwood Trust were worth $10,691,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RWT. Bank of Montreal Can boosted its position in Redwood Trust by 8.6% during the first quarter. Bank of Montreal Can now owns 34,331 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 2,715 shares during the period. MetLife Investment Management LLC boosted its position in Redwood Trust by 51.5% during the first quarter. MetLife Investment Management LLC now owns 59,710 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 20,294 shares during the period. Rhumbline Advisers boosted its position in Redwood Trust by 2.6% during the first quarter. Rhumbline Advisers now owns 308,263 shares of the real estate investment trust’s stock worth $3,246,000 after purchasing an additional 7,950 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Redwood Trust by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,861 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 12,189 shares during the period. Finally, Vanguard Group Inc. boosted its position in Redwood Trust by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,245,804 shares of the real estate investment trust’s stock worth $128,948,000 after purchasing an additional 150,771 shares during the period. Institutional investors own 69.94% of the company’s stock.

Redwood Trust Stock Performance

Shares of NYSE RWT traded down $0.01 during trading hours on Friday, reaching $6.04. The stock had a trading volume of 8,720,058 shares, compared to its average volume of 1,429,337. The business’s fifty day moving average is $6.56 and its two-hundred day moving average is $6.96. The company has a debt-to-equity ratio of 10.12, a current ratio of 7.36 and a quick ratio of 7.36. The company has a market cap of $794.74 million, a price-to-earnings ratio of -50.33 and a beta of 1.48. Redwood Trust, Inc. has a twelve month low of $5.47 and a twelve month high of $8.30.

Redwood Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.64 annualized dividend and a yield of 10.60%. Redwood Trust’s dividend payout ratio is currently -533.33%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Redwood Trust from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 21st. Piper Sandler reduced their price objective on Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. JMP Securities reduced their price objective on Redwood Trust from $9.00 to $8.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 21st. UBS Group reduced their price objective on Redwood Trust from $9.00 to $8.50 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Finally, Raymond James reduced their price objective on Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.84.

Get Our Latest Analysis on RWT

About Redwood Trust

(Free Report)

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.

See Also

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Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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