Telemus Capital LLC Invests $710,000 in Redwood Trust, Inc. (RWT)

Telemus Capital LLC purchased a new position in Redwood Trust, Inc. (NYSE:RWT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 47,892 shares of the real estate investment trust’s stock, valued at approximately $710,000. Telemus Capital LLC owned 0.06% of Redwood Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Redwood Trust by 1.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,003 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 113 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Redwood Trust in the 3rd quarter worth approximately $215,000. Advisory Services Network LLC grew its holdings in shares of Redwood Trust by 3.7% in the 2nd quarter. Advisory Services Network LLC now owns 14,154 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 510 shares during the period. Legal & General Group Plc grew its holdings in shares of Redwood Trust by 48.4% in the 2nd quarter. Legal & General Group Plc now owns 16,897 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 5,510 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Redwood Trust in the 3rd quarter worth approximately $283,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

A number of research firms recently weighed in on RWT. ValuEngine upgraded Redwood Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods upgraded Redwood Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Deutsche Bank lowered their target price on Redwood Trust from $18.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut Redwood Trust from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Redwood Trust currently has an average rating of “Buy” and an average target price of $17.00.

Shares of Redwood Trust, Inc. (NYSE RWT) traded up $0.16 during trading hours on Monday, reaching $14.73. The company’s stock had a trading volume of 236,539 shares, compared to its average volume of 563,178. The firm has a market cap of $1,123.56, a PE ratio of 9.15 and a beta of 0.79. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.91. Redwood Trust, Inc. has a 52-week low of $14.29 and a 52-week high of $17.45.

In other Redwood Trust news, General Counsel Andrew P. Stone sold 5,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $14.87, for a total transaction of $74,350.00. Following the sale, the general counsel now owns 53,015 shares in the company, valued at approximately $788,333.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

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