American Assets Investment Management buys $298,833 stake in Redwood Trust (RWT)

Redwood Trust (RWT) : American Assets Investment Management scooped up 10,440 additional shares in Redwood Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 20,440 shares of Redwood Trust which is valued at $298,833.Redwood Trust makes up approximately 0.07% of American Assets Investment Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in RWT by selling 144,100 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 2,758,195 shares of RWT which is valued at $40,324,811. Redwood Trust makes up approx 0.01% of Price T Rowe Associates Inc Md’s portfolio. Bayesian Capital Management Lp sold out all of its stake in RWT during the most recent quarter. The investment firm sold 18,300 shares of RWT which is valued $267,546.Teacher Retirement System Of Texas boosted its stake in RWT in the latest quarter, The investment management firm added 716 additional shares and now holds a total of 10,846 shares of Redwood Trust which is valued at $155,206.Farmers Merchants Investments Inc reduced its stake in RWT by selling 189 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 176,612 shares of RWT which is valued at $2,530,850. Redwood Trust makes up approx 0.27% of Farmers Merchants Investments Inc’s portfolio.

Redwood Trust closed down -0.5 points or -3.38% at $14.3 with 4,09,220 shares getting traded on Thursday. Post opening the session at $14.81, the shares hit an intraday low of $14.265 and an intraday high of $14.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Redwood Trust reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.36.Analysts expectations of $ 36.41.During the same quarter in the previous year, the company posted $0.31 EPS.

Investors should note that on Aug 8, 2016, Redwood Trust announced a cash dividend of $0.2800. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Redwood Trust. Redwood Trust was Downgraded by Maxim Group to ” Hold” on Aug 10, 2016. Redwood Trust was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 19, 2016. Nomura Upgraded Redwood Trust on May 18, 2016 to ” Buy”, Price Target of the shares are set at $16.

Redwood Trust Inc. (Redwood) is a real estate investment trust (REIT). The company focuses on investing in mortgage and other real estate-related assets. The Company is engaged in residential and commercial mortgage banking activities. It invests in real estate-related assets that generate income through the Company’s residential and commercial mortgage banking activities. It operates in three segments: residential mortgage banking residential investments and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for sale securitization or transfer to its investment portfolio. Its residential investments segment includes investments in residential mortgage-backed securities. Its commercial mortgage banking and investments segment consists of commercial mortgage banking operations and its portfolio of commercial real estate loans.

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