Institutional Investor Sentiment About Redwood Trust Inc (NYSE:RWT) Up

May 17, 2018 - By Kristen Paramore

Redwood Trust, Inc. (NYSE:RWT) Logo

Sentiment for Redwood Trust Inc (NYSE:RWT)

Redwood Trust Inc (NYSE:RWT) institutional sentiment increased to 1.02 in Q4 2017. Its up 0.07, from 0.95 in 2017Q3. The ratio has improved, as 61 funds increased or opened new positions, while 60 sold and reduced stakes in Redwood Trust Inc. The funds in our partner’s database now own: 62.66 million shares, down from 63.50 million shares in 2017Q3. Also, the number of funds holding Redwood Trust Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 18 Reduced: 42 Increased: 42 New Position: 19.

Redwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities in the United States. The company has market cap of $1.24 billion. The firm operates through three divisions: Residential Investments, Residential Mortgage Banking, and Commercial. It has a 10.23 P/E ratio. The Residential Investments 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; residential loans held for investment; mortgage servicing rights associated with residential loans; and derivative financial instruments to manage risks associated with residential loans.

The stock decreased 0.12% or $0.02 during the last trading session, reaching $16.4. About 256,453 shares traded. Redwood Trust, Inc. (NYSE:RWT) has declined 7.30% since May 17, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on August, 2. They expect $0.36 earnings per share, up 2.86 % or $0.01 from last year’s $0.35 per share. RWT’s profit will be $27.26M for 11.39 P/E if the $0.36 EPS becomes a reality. After $0.60 actual earnings per share reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

Weitz Investment Management Inc. holds 2.79% of its portfolio in Redwood Trust, Inc. for 4.52 million shares. White Pine Investment Co owns 330,635 shares or 2.42% of their US portfolio. Moreover, Hilton Capital Management Llc has 1.36% invested in the company for 609,237 shares. The Netherlands-based Kempen Capital Management N.V. has invested 1.06% in the stock. Doheny Asset Management Ca, a California-based fund reported 133,617 shares.

Redwood Trust, Inc. (NYSE:RWT) Ratings Coverage

Ratings analysis reveals 100% of Redwood Trust’s analysts are positive. Out of 2 Wall Street analysts rating Redwood Trust, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. RWT was included in 2 notes of analysts from December 8, 2017. On Friday, December 8 the stock rating was upgraded by Wood to “Outperform”. The stock of Redwood Trust, Inc. (NYSE:RWT) has “Buy” rating given on Tuesday, May 8 by Deutsche Bank.

Another recent and important Redwood Trust, Inc. (NYSE:RWT) news was published by Seekingalpha.com which published an article titled: “Redwood Trust’s (RWT) CEO Martin Hughes on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018.

Redwood Trust, Inc. (NYSE:RWT) Institutional Positions Chart

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