Farmers & Merchants Investments Inc. Has $2.85 Million Position in Redwood Trust, Inc. (NYSE:RWT)

Farmers & Merchants Investments Inc. cut its stake in shares of Redwood Trust, Inc. (NYSE:RWT) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,398 shares of the real estate investment trust’s stock after selling 1,105 shares during the period. Farmers & Merchants Investments Inc. owned about 0.22% of Redwood Trust worth $2,852,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Redwood Trust during the fourth quarter valued at about $212,000. State Street Corp raised its stake in Redwood Trust by 5.1% in the fourth quarter. State Street Corp now owns 1,537,847 shares of the real estate investment trust’s stock valued at $23,392,000 after buying an additional 75,049 shares during the last quarter. GSA Capital Partners LLP raised its stake in Redwood Trust by 11.0% in the fourth quarter. GSA Capital Partners LLP now owns 20,383 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 2,015 shares during the last quarter. AQR Capital Management LLC raised its stake in Redwood Trust by 9.2% in the fourth quarter. AQR Capital Management LLC now owns 128,806 shares of the real estate investment trust’s stock valued at $1,959,000 after buying an additional 10,894 shares during the last quarter. Finally, Norges Bank acquired a new stake in Redwood Trust during the fourth quarter valued at about $11,939,000. 85.04% of the stock is owned by institutional investors and hedge funds.

Shares of Redwood Trust, Inc. (NYSE:RWT) traded down 0.63% on Monday, reaching $17.24. 29,075 shares of the company traded hands. The stock has a 50 day moving average of $17.08 and a 200 day moving average of $16.56. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 9.80 and a beta of 0.89. Redwood Trust, Inc. has a 52-week low of $13.22 and a 52-week high of $17.43.

Redwood Trust (NYSE:RWT) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $62 million during the quarter, compared to analysts’ expectations of $34.89 million. Redwood Trust had a net margin of 48.45% and a return on equity of 13.22%. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts expect that Redwood Trust, Inc. will post $1.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend was Wednesday, June 14th. Redwood Trust’s dividend payout ratio is currently 62.22%.

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RWT has been the subject of several analyst reports. Zacks Investment Research raised shares of Redwood Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine downgraded shares of Redwood Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Redwood Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th.

In other news, Director Karen R. Pallotta purchased 3,027 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was purchased at an average price of $16.53 per share, for a total transaction of $50,036.31. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew P. Stone sold 3,730 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $17.24, for a total transaction of $64,305.20. Following the completion of the sale, the general counsel now owns 49,626 shares of the company’s stock, valued at approximately $855,552.24. The disclosure for this sale can be found here. Company insiders own 2.33% of the company’s stock.

Redwood Trust Company Profile

Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.

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