Hilton Capital Management buys $11,390,934 stake in Redwood Trust (RWT)

Redwood Trust (RWT) : Hilton Capital Management scooped up 52,748 additional shares in Redwood Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 825,430 shares of Redwood Trust which is valued at $11,390,934.Redwood Trust makes up approximately 2.97% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in RWT in the latest quarter, The investment management firm added 6,404 additional shares and now holds a total of 7,088 shares of Redwood Trust which is valued at $97,814. Redwood Trust makes up approx 0.01% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in RWT in the latest quarter, The investment management firm added 3,285 additional shares and now holds a total of 6,460 shares of Redwood Trust which is valued at $87,727.Independent Portfolio Consultants boosted its stake in RWT in the latest quarter, The investment management firm added 7,865 additional shares and now holds a total of 31,475 shares of Redwood Trust which is valued at $427,431. Redwood Trust makes up approx 0.13% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank sold out all of its stake in RWT during the most recent quarter. The investment firm sold 126 shares of RWT which is valued $1,711.

Redwood Trust (RWT) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.76 and reached the intraday high at $13.8215. The bulls started the profit booking and pushed the shares to intraday low of $13.67. The trading session was marked by a volume range of 2,43,107 shares exchanging hands. The 52-week high of the shares is $15.24 and the 52-week low is $9.26. The market cap of the company stands at $1,062 M and there are 7,69,34,715 shares in public circulation.

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.

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.

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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