Benchmark Capital Advisors Trims Holdings in Redwood Trust, Inc. (RWT)

Benchmark Capital Advisors decreased its position in shares of Redwood Trust, Inc. (NYSE:RWT) by 14.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,666 shares of the real estate investment trust’s stock after selling 6,600 shares during the quarter. Benchmark Capital Advisors owned approximately 0.05% of Redwood Trust worth $598,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EnTrustPermal Partners Offshore LP acquired a new position in Redwood Trust during the 4th quarter worth $2,924,000. Telemus Capital LLC acquired a new position in Redwood Trust during the 4th quarter worth $710,000. Schwab Charles Investment Management Inc. lifted its holdings in Redwood Trust by 3.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 576,275 shares of the real estate investment trust’s stock worth $8,541,000 after buying an additional 16,872 shares in the last quarter. Swiss National Bank lifted its holdings in Redwood Trust by 4.1% during the 4th quarter. Swiss National Bank now owns 131,300 shares of the real estate investment trust’s stock worth $1,946,000 after buying an additional 5,200 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Redwood Trust during the 4th quarter worth $153,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

Redwood Trust opened at $16.29 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 3.38, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market capitalization of $1.23 billion, a PE ratio of 11.72 and a beta of 0.62. Redwood Trust, Inc. has a twelve month low of $16.26 and a twelve month high of $16.40.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.25. The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $35.97 million. Redwood Trust had a return on equity of 12.20% and a net margin of 40.32%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. analysts expect that Redwood Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on RWT shares. Zacks Investment Research raised Redwood Trust from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday. Deutsche Bank increased their price target on Redwood Trust to $17.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.50.

Redwood Trust Profile

Redwood Trust, Inc, together with its subsidiaries, engages in mortgage banking activities in the United States. The company operates through two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations, and issued by third parties and other credit risk-related investments; and invests in residential loans held for investment and mortgage servicing rights associated with residential loans.

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

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