CIBC World Markets closed out its stake in Redwood Trust, Inc. (NYSE:RWT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor previously had a 116,016 share stake in the company, valued at approximately $1,193,804. CIBC World Markets had fully closed out its position in company by the time it had filed its quarterly Form 13F disclosure.

Separately, Assetmark bought a new stake in Redwood Trust during the third quarter worth $0.

Redwood Trust, Inc. (NYSE:RWT) opened at 10.29 on Friday. The firm’s 50 day moving average price is $13.00 and its 200-day moving average price is $14.04. The stock has a market cap of $845.06 million and a P/E ratio of 10.30. Redwood Trust, Inc. has a 12-month low of $10.06 and a 12-month high of $20.43.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.10. The firm earned $40 million during the quarter, compared to analysts’ expectations of $41.63 million. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. Equities research analysts anticipate that Redwood Trust, Inc. will post $0.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 29th. Investors of record on Thursday, December 17th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date of this dividend was Tuesday, December 15th.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Redwood Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. Nomura reduced their price target on Redwood Trust from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Deutsche Bank restated a “buy” rating and set a $20.00 price target (down previously from $20.25) on shares of Redwood Trust in a report on Monday, November 9th. Finally, Maxim Group reduced their price target on Redwood Trust from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Redwood Trust presently has an average rating of “Buy” and an average price target of $17.67.

Redwood Trust, Inc. (NYSE:RWT) 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.

12 Month Chart for NYSE:RWT

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