Rbo Co buys $9,410,330 stake in Redwood Trust (RWT)

Redwood Trust (RWT) : Rbo Co scooped up 118,593 additional shares in Redwood Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 707,012 shares of Redwood Trust which is valued at $9,410,330.Redwood Trust makes up approximately 2.80% of Rbo Co’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management reduced its stake in RWT by selling 118 shares or 11.87% in the most recent quarter. The Hedge Fund company now holds 876 shares of RWT which is valued at $11,660. Global X Management Co added RWT to its portfolio by purchasing 650,037 company shares during the most recent quarter which is valued at $8,586,989. Redwood Trust makes up approx 0.51% of Global X Management Co’s portfolio. Nelson Van Denburg Campbell Wealth Management Group sold out all of its stake in RWT during the most recent quarter. The investment firm sold 726 shares of RWT which is valued $9,409. Wealthtrust-arizona added RWT to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,296.

Redwood Trust opened for trading at $13.27 and hit $13.58 on the upside on Monday, eventually ending the session at $13.47, with a gain of 1.20% or 0.16 points. The heightened volatility saw the trading volume jump to 3,56,341 shares. Company has a market cap of $1,037 M.

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. Nomura Upgraded Redwood Trust on May 18, 2016 to ” Buy”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on Mar 14, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $20 .Shares were Reiterated by Maxim Group on Feb 29, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $20 .

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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