Redwood Trust (RWT) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RWT shares.
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7 Wall Street analysts have issued 12 month price targets for Redwood Trust's shares. Their RWT share price forecasts range from $7.00 to $10.00. On average, they predict the company's stock price to reach $8.56 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price.
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Redwood Trust's stock was trading at $6.76 at the beginning of 2023. Since then, RWT shares have increased by 0.6% and is now trading at $6.80.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our RWT earnings forecast.

Redwood Trust, Inc. (NYSE:RWT) issued its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.02. Redwood Trust had a negative net margin of 12.13% and a positive trailing twelve-month return on equity of 3.76%. During the same quarter in the prior year, the firm earned $0.40 earnings per share.

Redwood Trust announced a quarterly dividend on Tuesday, September 12th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.16 per share on Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 9.41%. The ex-dividend date of this dividend is Thursday, September 21st.
Read our dividend analysis for RWT.

ETFs with the largest weight of Redwood Trust (NYSE:RWT) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM) and Hoya Capital High Dividend Yield ETF (RIET).Invesco Raymond James SB-1 Equity ETF (RYJ).

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 8.98%. 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.

Redwood Trust declared that its board has initiated a stock buyback program on Thursday, July 28th 2022, which permits the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 11.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Redwood Trust investors own include EnLink Midstream (ENLC), Washington Prime Group (WPG), New Residential Investment (NRZ), Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Golar LNG Partners (GMLP), ADMA Biologics (ADMA), Two Harbors Investment (TWO) and Enerplus (ERF).

Redwood Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RWT."

Shares of RWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RWT stock can currently be purchased for approximately $6.80.

Redwood Trust (NYSE:RWT) has a market capitalization of $776.83 million and generates $708 million in revenue each year. The real estate investment trust earns $-163,520,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis.

The company employs 347 workers across the globe.

Redwood Trust's mailing address is ONE BELVEDERE PLACE SUITE 300, MILL VALLEY CA, 94941. The official website for the company is www.redwoodtrust.com. The real estate investment trust can be reached via phone at (415) 389-7373, via email at investorrelations@redwoodtrust.com, or via fax at 415-381-1773.