Trade Report: Today, Global X Management Co. LLC decides to keep it stake in Redwood Trust Inc. (RWT) to the level of $9,816,000

Today, Global X Management Co. LLC decides to keep it stake in Redwood Trust Inc. (RWT) to the level of $9,816,000

Global X Management Co. LLC raised its position in Redwood Trust Inc. (NYSE:RWT) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 693,207 shares of the company’s stock after buying an additional 11,532 shares during the period. Global X Management Co. LLC owned approximately 0.90% of Redwood Trust worth $9,816,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of RWT. Public Employees Retirement System of Ohio raised its stake in Redwood Trust by 6.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,329 shares of the company’s stock valued at $101,000 after buying an additional 461 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Redwood Trust during the second quarter valued at approximately $115,000. Cubist Systematic Strategies LLC purchased a new stake in Redwood Trust during the second quarter valued at approximately $141,000. Teacher Retirement System of Texas raised its stake in Redwood Trust by 7.1% in the second quarter. Teacher Retirement System of Texas now owns 10,846 shares of the company’s stock valued at $150,000 after buying an additional 716 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Redwood Trust during the second quarter valued at approximately $151,000. Institutional investors own 87.16% of the company’s stock.

Redwood Trust Inc. (NYSE:RWT) opened at 15.20 on Friday. Redwood Trust Inc. has a 52-week low of $9.26 and a 52-week high of $15.57. The stock’s 50 day moving average is $14.25 and its 200-day moving average is $14.12. The company has a market capitalization of $1.17 billion, a P/E ratio of 8.85 and a beta of 0.79.

Redwood Trust (NYSE:RWT) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Redwood Trust had a net margin of 48.35% and a return on equity of 15.35%. During the same quarter last year, the company earned $0.22 EPS. Analysts predict that Redwood Trust Inc. will post $1.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 7.37%. The ex-dividend date is Tuesday, December 13th. Redwood Trust’s payout ratio is currently 67.07%.

Several research firms have commented on RWT. Maxim Group lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Zacks Investment Research lowered shares of Redwood Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.72.

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