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Redwood Trust (RWT) Stock Price, News & Analysis

$6.14
+0.01 (+0.16%)
(As of 03/1/2024 ET)
Today's Range
$6.08
$6.20
50-Day Range
$6.04
$7.60
52-Week Range
$5.47
$8.30
Volume
1.47 million shs
Average Volume
1.16 million shs
Market Capitalization
$701.43 million
P/E Ratio
N/A
Dividend Yield
10.42%
Price Target
$8.03

Redwood Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
31.2% Upside
$8.03 Price Target
Short Interest
Healthy
3.88% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.08mentions of Redwood Trust in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
36.00%
From $0.50 to $0.68 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Finance Sector

69th out of 868 stocks

Real Estate Investment Trusts Industry

12th out of 178 stocks


RWT stock logo

About Redwood Trust Stock (NYSE:RWT)

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

RWT Stock Price History

RWT Stock News Headlines

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Q4 2023 Redwood Trust Inc Earnings Call
Redwood Trust earnings preview: what to expect
Redwood Trust Q4 2023 Earnings Preview
RWT Apr 2024 7.000 put
RWT Jul 2024 7.000 put
RWT.PR.A Redwood Trust, Inc. 10% FXD RT PFD A
Redwood Trust Announces Dividend Tax Information for 2023
Redwood Trust Inc RWT
Redwood Trust Inc's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 12/28 Dividend
12/19/2023
Dividend Payable
12/28/2023
Today
3/01/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
75807540
Employees
347
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.03
High Stock Price Target
$9.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+30.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$-2,000,000.00
Pretax Margin
-0.55%

Debt

Sales & Book Value

Annual Sales
$724 million
Cash Flow
$0.48 per share
Book Value
$10.53 per share

Miscellaneous

Free Float
111,722,000
Market Cap
$701.43 million
Optionable
Optionable
Beta
1.51
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Key Executives















RWT Stock Analysis - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RWT shares.
View RWT analyst ratings
or view top-rated stocks.

What is Redwood Trust's stock price target for 2024?

8 Wall Street research analysts have issued 1-year price objectives for Redwood Trust's stock. Their RWT share price targets range from $7.00 to $9.00. On average, they predict the company's share price to reach $8.03 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for RWT
or view top-rated stocks among Wall Street analysts.

How have RWT shares performed in 2024?

Redwood Trust's stock was trading at $7.41 at the beginning of the year. Since then, RWT stock has decreased by 17.4% and is now trading at $6.12.
View the best growth stocks for 2024 here
.

Are investors shorting Redwood Trust?

Redwood Trust saw a drop in short interest in January. As of January 31st, there was short interest totaling 4,750,000 shares, a drop of 7.4% from the January 15th total of 5,130,000 shares. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is presently 3.6 days.
View Redwood Trust's Short Interest
.

When is Redwood Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our RWT earnings forecast
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) announced its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 5.13%. During the same period in the prior year, the company posted $0.40 earnings per share.

How often does Redwood Trust pay dividends? What is the dividend yield for Redwood Trust?

Redwood Trust announced a quarterly dividend on Thursday, December 7th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.16 per share on Thursday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 10.46%. The ex-dividend date is Tuesday, December 19th.
Read our dividend analysis for RWT
.

Is Redwood Trust a good dividend stock?

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 10.58%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for RWT.

How will Redwood Trust's stock buyback program work?

Redwood Trust announced that its board has approved a stock buyback plan on Thursday, July 28th 2022, which allows the company to buyback $125,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 11.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

What is Christopher Abate's approval rating as Redwood Trust's CEO?

10 employees have rated Redwood Trust Chief Executive Officer Christopher Abate on Glassdoor.com. Christopher Abate has an approval rating of 100% among the company's employees. This puts Christopher Abate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Redwood Trust own?
Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.36%), Clearbridge Investments LLC (1.58%), Charles Schwab Investment Management Inc. (1.57%), Mesirow Institutional Investment Management Inc. (1.56%), Boston Partners (1.47%) and HST Ventures LLC (1.26%). Insiders that own company stock include Andrew P Stone, Collin L Cochrane, Georganne Proctor and Sasha G Macomber.
View institutional ownership trends
.

How do I buy shares of Redwood Trust?

Shares of RWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RWT) was last updated on 3/1/2024 by MarketBeat.com Staff