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Actionable news in RWT: REDWOOD TRUST Inc,

Bag This Bargain 6.6% Yield Dividend Stock Even Cheaper Than Director Pallotta Did

Play Video: One Reason For Insiders to Buy

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 22, Redwood Trust Inc's Director, Karen R. Pallotta, invested $50,036.31 into 3,027 shares of RWT, for a cost per share of $16.53. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Redwood Trust Inc (NYSE:RWT) and achieve a cost basis 3.3% cheaper than Pallotta, with shares changing hands as low as $15.99 per share. It should be noted that Pallotta has collected $0.28/share in dividends since the time of their purchase, so they are currently down 1.6% on their purchase from a total return basis. Redwood Trust Inc shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of RWT shares, versus its 200 day moving average:

Looking at the chart above, RWT's low point in its 52 week range is $13.22 per share, with $17.45 as the 52 week high point — that compares with a last trade of $16.94. By comparison, below is a table showing the prices at which RWT insider buying was recorded over the last six months:

05/22/2017 Karen R. Pallotta Director 3,027 $16.53 $50,036.31

The current annualized dividend paid by Redwood Trust Inc is $1.12/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/14/2017. Below is a long-term dividend history chart for RWT, which can be of good help in judging whether the most recent dividend with approx. 6.6% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, RWT makes up 2.98% of the iShares Mortgage Real Estate Capped ETF (AMEX:REM) which is trading lower by about 0.4% on the day Friday.

See what other ETFs contain RWT »
See what other stocks are held by REM »

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Ex-Dividend Reminder: Redwood Trust, Digital Realty Trust and United Community Banks
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Friday, September 11, 3:18 PM ET, by Market News Video Staff

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Friday, September 18, 3:17 PM ET, by Market News Video Staff

In trading on Friday, shares of Two Harbors Investment Corp (TWO) were yielding above the ...

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This Article's Word Cloud: Annaly April August Average Banks Capital Capped Corp Digital Dividend FTSE Friday Fund Harbors Index Investment Investors Makes Management Mark Market Mortgage News Options Passes Plus Realty Redwood Reminder September Staff Through Thursday Trading Trust Video Wednesday Week Yield above articles iShares laquo next raquo shares their trading were yielding


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