JMP Securities Reaffirms “Market Outperform” Rating for Redwood Trust (NYSE:RWT)

Redwood Trust (NYSE:RWT)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a report issued on Friday,Benzinga reports. They presently have a $8.00 price target on the real estate investment trust’s stock. JMP Securities’ target price indicates a potential upside of 25.69% from the stock’s current price.

A number of other equities research analysts have also recently commented on RWT. StockNews.com raised Redwood Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on Redwood Trust from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.84.

Redwood Trust Trading Down 1.5 %

NYSE RWT opened at $6.37 on Friday. Redwood Trust has a 12 month low of $5.45 and a 12 month high of $8.15. The stock has a market cap of $843.49 million, a P/E ratio of 11.57 and a beta of 1.57. The stock’s fifty day moving average price is $6.56 and its 200-day moving average price is $7.09. The company has a current ratio of 44.36, a quick ratio of 44.36 and a debt-to-equity ratio of 14.55.

Redwood Trust (NYSE:RWT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Redwood Trust had a return on equity of 6.01% and a net margin of 9.35%. The company had revenue of $27.60 million during the quarter, compared to analysts’ expectations of $26.00 million. As a group, equities analysts forecast that Redwood Trust will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RWT. LaSalle St. Investment Advisors LLC bought a new position in Redwood Trust in the fourth quarter valued at about $37,000. Brown Brothers Harriman & Co. bought a new position in Redwood Trust in the third quarter valued at about $39,000. GAMMA Investing LLC lifted its holdings in Redwood Trust by 65.4% in the third quarter. GAMMA Investing LLC now owns 5,169 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,043 shares during the period. Sovran Advisors LLC bought a new position in Redwood Trust in the fourth quarter valued at about $63,000. Finally, KBC Group NV lifted its holdings in Redwood Trust by 86.7% in the fourth quarter. KBC Group NV now owns 10,313 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,788 shares during the period. Institutional investors own 74.34% of the company’s stock.

Redwood Trust Company Profile

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.