Hilton Capital Management buys $11,041,626 stake in Redwood Trust (RWT)

Redwood Trust (RWT) : Hilton Capital Management scooped up 28,886 additional shares in Redwood Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 772,682 shares of Redwood Trust which is valued at $11,041,626.Redwood Trust makes up approximately 3.63% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in RWT during the most recent quarter. The investment firm sold 6,152 shares of RWT which is valued $88,158. Fox Run Management L.l.c. added RWT to its portfolio by purchasing 20,700 company shares during the most recent quarter which is valued at $296,631. Redwood Trust makes up approx 0.14% of Fox Run Management L.l.c.’s portfolio.Punch Associates Investment Management boosted its stake in RWT in the latest quarter, The investment management firm added 49,079 additional shares and now holds a total of 336,010 shares of Redwood Trust which is valued at $4,855,345. Redwood Trust makes up approx 0.54% of Punch Associates Investment Management’s portfolio.

Redwood Trust closed down -0.1 points or -0.70% at $14.27 with 3,56,104 shares getting traded on Friday. Post opening the session at $14.41, the shares hit an intraday low of $14.14 and an intraday high of $14.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Redwood Trust reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.31. The company had revenue of $38.00 million for the quarter, compared to analysts expectations of $40.43 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Redwood Trust. 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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