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Redwood Trust (RWT) Stock Forecast, Price & News

$6.44
+0.05 (+0.78%)
(As of 06/7/2023 ET)
Compare
Today's Range
$6.40
$6.52
50-Day Range
$5.55
$6.82
52-Week Range
$5.47
$9.45
Volume
1.17 million shs
Average Volume
1.11 million shs
Market Capitalization
$733.78 million
P/E Ratio
N/A
Dividend Yield
14.30%
Price Target
$8.83

Redwood Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
37.3% Upside
$8.83 Price Target
Short Interest
Bearish
6.61% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
74.00%
From $0.50 to $0.87 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Finance Sector

223rd out of 851 stocks

Real Estate Investment Trusts Industry

29th out of 189 stocks


RWT stock logo

About Redwood Trust (NYSE:RWT) Stock

Redwood Trust, Inc. is a financial company, which focuses on several distinct areas of housing credit. It operates through the following segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio. The Business Purpose Mortgage Banking segment includes the platform that originates and acquires business purpose residential loans. The Investment Portfolio segment covers the organic investments sourced through the residential and business purpose mortgage banking operations. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.

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RWT Stock News Headlines

Analysts Set Redwood Trust, Inc. (NYSE:RWT) PT at $8.63
Redwood Trust Inc. 10% Pfd. Series A
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StockNews.com Upgrades Redwood Trust (NYSE:RWT) to "Hold"
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Q1 2023 Redwood Trust Inc Earnings Call
Redwood Trust, Inc. Reports Fall In Q1 Profit, misses estimates
Redwood Trust (NYSE:RWT) Cut to "Sell" at StockNews.com
Redwood Trust Earnings Preview
Here's what Wall Street expects from Redwood Trust's earnings report
Redwood Trust (RWT) Set to Announce Earnings on Thursday
Redwood Trust (NYSE:RWT) PT Lowered to $7.50
Reviewing Ventas (NYSE:VTR) & Redwood Trust (NYSE:RWT)
See More Headlines

RWT Price History

RWT Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 3/31 Dividend
3/23/2023
Dividend Payable
3/31/2023
Today
6/07/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
75807540
Employees
298
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.83
High Stock Price Forecast
$10.50
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+37.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$-163,520,000.00
Pretax Margin
-29.90%

Debt

Sales & Book Value

Annual Sales
$708 million
Cash Flow
$0.49 per share
Book Value
$9.56 per share

Miscellaneous

Free Float
111,520,000
Market Cap
$733.78 million
Optionable
Optionable
Beta
1.36

Key Executives

  • Christopher J. Abate
    Chief Executive Officer & Director
  • Dashiell I. Robinson
    President & Director
  • Brooke E. Carillo
    Chief Financial Officer
  • J. Thomas Richardson
    Chief Technology Officer
  • Andrew P. StoneAndrew P. Stone
    Secretary, Chief Legal Officer & Executive VP













RWT Stock - 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 "buy" RWT shares.
View RWT analyst ratings
or view top-rated stocks.

What is Redwood Trust's stock price forecast for 2023?

8 equities research analysts have issued twelve-month price objectives for Redwood Trust's shares. Their RWT share price forecasts range from $7.00 to $10.50. On average, they anticipate the company's stock price to reach $8.83 in the next twelve months. This suggests a possible upside of 37.3% 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 at the beginning of the year. Since then, RWT stock has decreased by 4.8% and is now trading at $6.4350.
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, July 27th 2023.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a negative net margin of 27.12% and a positive trailing twelve-month return on equity of 0.96%. During the same period in the prior year, the firm posted $0.40 EPS.

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

Redwood Trust declared a quarterly dividend on Tuesday, March 14th. Investors of record on Friday, March 24th will be given a dividend of $0.23 per share on Friday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 14.30%. The ex-dividend date is Thursday, March 23rd.
Read our dividend analysis for RWT
.

Is Redwood Trust a good dividend stock?

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 14.77%. 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 authorized a stock repurchase plan on Thursday, July 28th 2022, which authorizes the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 11.8% of its shares through open market purchases. Shares buyback plans are generally an indication 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?
What is Redwood Trust's stock symbol?

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

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 State Street Corp (4.11%), HBK Investments L P (0.00%), Geode Capital Management LLC (1.89%), Clearbridge Investments LLC (1.64%), Charles Schwab Investment Management Inc. (1.34%) and Peregrine Capital Management LLC (1.19%). 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.

What is Redwood Trust's stock price today?

One share of RWT stock can currently be purchased for approximately $6.44.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $733.78 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 ($1.67) on an earnings per share basis.

How many employees does Redwood Trust have?

The company employs 298 workers across the globe.

How can I contact Redwood Trust?

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.

This page (NYSE:RWT) was last updated on 6/7/2023 by MarketBeat.com Staff

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