Yousif Capital Management LLC Purchases 14,392 Shares of Redwood Trust, Inc. (NYSE:RWT)

Yousif Capital Management LLC grew its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,517 shares of the real estate investment trust’s stock after buying an additional 14,392 shares during the period. Yousif Capital Management LLC owned approximately 0.06% of Redwood Trust worth $530,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RWT. International Assets Investment Management LLC increased its position in Redwood Trust by 641.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,705 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 3,205 shares during the period. Allspring Global Investments Holdings LLC increased its position in Redwood Trust by 45.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,965 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 2,498 shares during the period. Fox Run Management L.L.C. bought a new position in Redwood Trust during the 3rd quarter worth $92,000. Sigma Planning Corp increased its position in Redwood Trust by 30.7% during the 3rd quarter. Sigma Planning Corp now owns 13,838 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 3,254 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Redwood Trust in the third quarter worth $101,000. Institutional investors own 74.34% of the company’s stock.

Analyst Ratings Changes

RWT has been the topic of a number of recent analyst reports. Piper Sandler decreased their price target on Redwood Trust from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. JMP Securities restated a “market outperform” rating and issued a $8.00 price target on shares of Redwood Trust in a research report on Thursday, April 18th. Raymond James decreased their price target on Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Keefe, Bruyette & Woods decreased their price target on Redwood Trust from $7.75 to $7.25 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Finally, UBS Group decreased their price target on Redwood Trust from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Redwood Trust presently has a consensus rating of “Moderate Buy” and an average target price of $7.66.

Redwood Trust Stock Performance

Redwood Trust stock opened at $6.34 on Monday. Redwood Trust, Inc. has a 12-month low of $5.45 and a 12-month high of $8.30. The company has a quick ratio of 7.36, a current ratio of 10.79 and a debt-to-equity ratio of 10.08. The business’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.61. The stock has a market cap of $834.22 million, a PE ratio of 90.57 and a beta of 1.50.

Redwood Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend was Wednesday, March 20th. Redwood Trust’s payout ratio is 914.29%.

About Redwood Trust

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.