5 REIT Dividend Stocks With Over 10% Yield

2. Redwood Trust, Inc. (NYSE:RWT)

Redwood Trust operates three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The stock has a dividend yield of 12.8% as of November 1. Redwood Trust stock jumped last month after the company posted its Q3 results.  Its Non-GAAP Earnings Available for Distribution (EAD) came in at $0.16 as compared to -$0.11 posted in the same quarter last year. Net interest income plummeted by 16.67% to reach $35 million.

As of the end of the second quarter, 14 hedge funds tracked by Insider Monkey had stakes in the company, compared to 16 funds in the previous quarter. The total value of these stakes was about $40 million. The biggest stakeholder in the company at the end of the June quarter was Phill Gross’ Adage Capital, which had a $13.3 million stake in the company.