Redwood Trust (RWT) Stock Forecast, Price & News

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

8 Wall Street analysts have issued 1 year target prices for Redwood Trust's shares. Their RWT share price forecasts range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.63 in the next twelve months. This suggests a possible upside of 35.4% 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 decreased by 5.8% and is now trading at $6.37.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our RWT earnings forecast.

Redwood Trust, Inc. (NYSE:RWT) posted its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a positive trailing twelve-month return on equity of 0.96% and a negative net margin of 27.12%. During the same quarter in the prior year, the company earned $0.40 earnings per share.

Redwood Trust declared a quarterly dividend on Tuesday, March 14th. Shareholders of record on Friday, March 24th will be paid a dividend of $0.23 per share on Friday, March 31st. This represents a $0.92 annualized dividend and a dividend yield of 14.44%. The ex-dividend date of this dividend is Thursday, March 23rd.
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), Global X SuperDividend ETF (SDIV), Invesco Raymond James SB-1 Equity ETF (RYJ) and Invesco S&P SmallCap Financials ETF (PSCF).

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 14.31%. 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 of Directors has approved a share repurchase program 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 repurchase up to 11.8% of its stock through open market purchases. Stock buyback programs are typically an indication 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."

Redwood Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
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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 $6.37.

Redwood Trust (NYSE:RWT) has a market capitalization of $726.37 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.

The company employs 298 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.