IndexIQ Advisors LLC lowered its holdings in Redwood Trust, Inc. (NYSE:RWT) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,826 shares of the real estate investment trust’s stock after selling 4,249 shares during the period. IndexIQ Advisors LLC owned about 0.05% of Redwood Trust worth $1,006,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Redwood Trust by 25.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,898 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,194 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Redwood Trust by 14.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 6,200 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 800 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Redwood Trust by 138.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,170 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 4,160 shares during the last quarter. Country Club Trust Company n.a. acquired a new position in shares of Redwood Trust in the 3rd quarter worth approximately $173,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Redwood Trust in the 4th quarter worth approximately $214,000. 94.00% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Redwood Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler assumed coverage on shares of Redwood Trust in a research report on Friday, January 31st. They issued a “neutral” rating and a $17.50 target price on the stock. Finally, ValuEngine raised shares of Redwood Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.63.
In other news, General Counsel Andrew P. Stone sold 15,000 shares of Redwood Trust stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $16.62, for a total value of $249,300.00. Following the transaction, the general counsel now directly owns 99,176 shares of the company’s stock, valued at $1,648,305.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.
Redwood Trust Company Profile
Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations, as well as issued by third parties and other credit risk-related investments; and invests directly in residential mortgage loans.
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