Should I buy or sell Redwood Trust stock right now?

8 Wall Street equities 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 equities 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 brokers have issued 12-month target prices for Redwood Trust's shares. Their RWT share price targets range from $7.00 to $9.00. On average, they expect the company's stock price to reach $8.44 in the next twelve months. This suggests a possible upside of 17.4% 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 2023?

Redwood Trust's stock was trading at $6.76 on January 1st, 2023. Since then, RWT shares have increased by 6.4% and is now trading at $7.19. View the best growth stocks for 2023 here .

When is Redwood Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our RWT earnings forecast .

How were Redwood Trust's earnings last quarter?

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 9.46% and a positive trailing twelve-month return on equity of 3.29%. During the same quarter in the prior year, the business posted $0.40 earnings per share.

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

Redwood Trust declared a quarterly dividend on Thursday, December 7th. Stockholders of record on Wednesday, December 20th will be paid a dividend of $0.16 per share on Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.90%. 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 8.82%. 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 .

What ETFs hold Redwood Trust's stock?

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) .

How will Redwood Trust's stock buyback program work?

Redwood Trust declared that its board has initiated a share buyback plan on Thursday, July 28th 2022, which authorizes the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are 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?

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) .

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.75%), Adage Capital Partners GP L.L.C. (3.31%), LSV Asset Management (2.06%), Clearbridge Investments LLC (1.60%), Boston Partners (1.51%) and Charles Schwab Investment Management Inc. (1.46%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated Dividend StocksTop-Rated Dividend

Redwood Trust Stock Price, News & Analysis (NYSE:RWT)

$7.19

+0.06 (+0.84%)

(As of 12/7/2023 ET)

Compare

Today's Range: $7.07
▼
$7.21
50-Day Range: $6.29
▼
$7.35
52-Week Range: $5.47
▼
$8.72

Volume: 1.01 million shs
Average Volume: 1.20 million shs
Market Capitalization: $821.39 million

P/E Ratio: N/A
Dividend Yield: 8.90%
Price Target: $8.44

Redwood Trust MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 17.4% Upside
$8.44 Price Target
Short Interest: Bearish
6.61% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.27
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 35.42%
From $0.48 to $0.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Finance Sector

242nd out of 694 stocks

Real Estate Investment Trusts Industry

51st out of 144 stocks

2.4

Analyst's Opinion

Consensus Rating
Redwood Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.44, Redwood Trust has a forecasted upside of 17.4% from its current price of $7.19.
Amount of Analyst Coverage
Redwood Trust has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.61% of the outstanding shares of Redwood Trust have been sold short.
Short Interest Ratio / Days to Cover
Redwood Trust has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Redwood Trust has recently decreased by 4.43%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Redwood Trust is a leading dividend payer. It pays a dividend yield of 8.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Redwood Trust does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Redwood Trust will have a dividend payout ratio of 98.46% in the coming year. This indicates that Redwood Trust may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RWT.

3.5

News and Social Media Coverage

News Sentiment
Redwood Trust has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Redwood Trust this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added Redwood Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Redwood Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Redwood Trust is held by insiders.
Percentage Held by Institutions
69.94% of the stock of Redwood Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Redwood Trust are expected to grow by 35.42% in the coming year, from $0.48 to $0.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redwood Trust is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Redwood Trust is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Redwood Trust has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

RWT Stock News Headlines

December 7, 2023 | msn.com

UBS Initiates Coverage of Redwood Trust (RWT) with Buy Recommendation

December 7, 2023 | americanbankingnews.com

Redwood Trust (NYSE:RWT) Coverage Initiated at UBS Group

December 8, 2023 | DTI Trader (Ad)

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December 6, 2023 | americanbankingnews.com

Redwood Trust (NYSE:RWT) Upgraded to Buy at BTIG Research

December 4, 2023 | americanbankingnews.com

Redwood Trust, Inc. (NYSE:RWT) Given Consensus Rating of "Moderate Buy" by Analysts

November 30, 2023 | americanbankingnews.com

Redwood Trust (NYSE:RWT) PT Lowered to $9.00

November 7, 2023 | finance.yahoo.com

Point and Redwood Trust Issue $139 Million Home Equity Investment Rated Securitization

October 31, 2023 | markets.businessinsider.com

Redwood Trust: Undervalued Investment Opportunity Amid Strong Mortgage Platform Performance and Favorable Market Positioning

December 8, 2023 | DTI Trader (Ad)

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October 31, 2023 | finance.yahoo.com

Redwood Trust, Inc. (NYSE:RWT) Q3 2023 Earnings Call Transcript

October 31, 2023 | finance.yahoo.com

Q3 2023 Redwood Trust Inc Earnings Call

October 30, 2023 | markets.businessinsider.com

Redwood Trust, Inc. Q3 Loss decreases, but misses estimates

October 30, 2023 | finance.yahoo.com

Redwood Trust Reports Third Quarter 2023 Financial Results

October 30, 2023 | finance.yahoo.com

Redwood Trust Inc (RWT) Reports Q3 2023 Financial Results

October 30, 2023 | seekingalpha.com

Redwood Trust, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 29, 2023 | markets.businessinsider.com

Here's what to expect from Redwood Trust's earnings report

October 25, 2023 | finance.yahoo.com

DigitalBridge (DBRG) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

October 12, 2023 | finance.yahoo.com

Redwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call

October 5, 2023 | finance.yahoo.com

Home equity products light up a dark housing market

September 21, 2023 | finance.yahoo.com

Analyzing the Dividend Performance of Redwood Trust Inc (RWT)

September 15, 2023 | markets.businessinsider.com

JMP Securities Sticks to Its Buy Rating for Redwood (RWT)

September 14, 2023 | finance.yahoo.com

Redwood Trust CEO Christopher Abate on the REIT’s appetite for jumbos, home equity

September 6, 2023 | finance.yahoo.com

Redwood Trust Announces Launch of Home Equity Investment Platform

August 20, 2023 | finance.yahoo.com

With 75% institutional ownership, Redwood Trust, Inc. (NYSE:RWT) is a favorite amongst the big guns

August 18, 2023 | msn.com

Redwood Trust Preferred A: 10.87% Fixed-To-Floating Yield With Upside To Call/Conversion

August 1, 2023 | msn.com

Credit Suisse Maintains Redwood Trust (RWT) Outperform Recommendation

July 28, 2023 | finance.yahoo.com

Q2 2023 Redwood Trust Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 4/28/2022
Ex-Dividend for 9/29 Dividend: 9/21/2023
Dividend Payable: 9/29/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/08/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Sector: Finance
Current Symbol: NYSE:RWT
CUSIP: 75807540
CIK: 930236
Web: www.redwoodtrust.com
Phone: (415) 389-7373
Fax: 415-381-1773
Employees: 347
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.44
High Stock Price Target: $9.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +17.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 14.98
P/E Growth: N/A
Net Income: $-163,520,000.00
Net Margins: -9.46%
Pretax Margin: -10.76%
Return on Equity: 3.29%
Return on Assets: 0.27%

Debt

Debt-to-Equity Ratio: 9.84
Current Ratio: 6.99
Quick Ratio: 6.99

Sales & Book Value

Annual Sales: $708 million
Price / Sales: 1.16
Cash Flow: $0.47 per share
Price / Cash Flow: 15.19
Book Value: $9.56 per share
Price / Book: 0.75

Miscellaneous

Outstanding Shares: 114,240,000
Free Float: 111,722,000
Market Cap: $821.39 million
Optionable: Optionable
Beta: 1.45

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Key Executives

Mr. Christopher J. Abate CPA (Age 43)
CEO & Director
Comp: $1.41M
Mr. Dashiell I. Robinson (Age 43)
President & Director
Comp: $1.38M
Ms. Brooke E. Carillo (Age 36)
Chief Financial Officer
Comp: $1.25M
Mr. Andrew P. Stone (Age 52)
Executive VP, Chief Legal Officer & Secretary
Comp: $723.01k
Ms. Sasha G. Macomber (Age 54)
Chief Human Resource Officer
Comp: $758.65k
Ms. Carlene A. Graham
Chief Operating Officer
Mr. Fred J. Matera (Age 59)
MD, Head of Residential & Chief Investment Officer
Comp: $45.03k
Mr. Collin Lee Cochrane CPA (Age 46)
Chief Accounting Officer
Comp: $2.01M
Kaitlyn Mauritz
Senior VP & Head of Investor Relations
Mr. Shoshone A. Stern (Age 45)
Head of Portfolio Strategy & Risk
Comp: $852.56k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RWT Stock Analysis - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?: 8 Wall Street equities 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 equities 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 brokers have issued 12-month target prices for Redwood Trust's shares. Their RWT share price targets range from $7.00 to $9.00. On average, they expect the company's stock price to reach $8.44 in the next twelve months. This suggests a possible upside of 17.4% 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 2023?: Redwood Trust's stock was trading at $6.76 on January 1st, 2023. Since then, RWT shares have increased by 6.4% and is now trading at $7.19.
View the best growth stocks for 2023 here.
When is Redwood Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our RWT earnings forecast.
How were Redwood Trust's earnings last quarter?: 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 9.46% and a positive trailing twelve-month return on equity of 3.29%. During the same quarter in the prior year, the business posted $0.40 earnings per share.
How often does Redwood Trust pay dividends? What is the dividend yield for Redwood Trust?: Redwood Trust declared a quarterly dividend on Thursday, December 7th. Stockholders of record on Wednesday, December 20th will be paid a dividend of $0.16 per share on Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.90%.
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 8.82%. 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.

What ETFs hold Redwood Trust's stock?: 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).
How will Redwood Trust's stock buyback program work?: Redwood Trust declared that its board has initiated a share buyback plan on Thursday, July 28th 2022, which authorizes the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are 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?: 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).
Who are Redwood Trust's major shareholders?: Redwood Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.75%), Adage Capital Partners GP L.L.C. (3.31%), LSV Asset Management (2.06%), Clearbridge Investments LLC (1.60%), Boston Partners (1.51%) and Charles Schwab Investment Management Inc. (1.46%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:RWT) was last updated on 12/8/2023 by MarketBeat.com Staff

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