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Top-Rated Dividend StocksTop-Rated DividendPositive News SentimentPositive News
NYSE:RWT

Redwood Trust (RWT) Stock Forecast, Price & News

$7.13
+0.06 (+0.85%)
(As of 09/29/2023 ET)
Compare
Today's Range
$7.11
▼
$7.27
50-Day Range
$6.83
▼
$8.22
52-Week Range
$5.47
▼
$8.72
Volume
1.40 million shs
Average Volume
1.18 million shs
Market Capitalization
$814.50 million
P/E Ratio
N/A
Dividend Yield
8.98%
Price Target
$8.56
ProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Redwood Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
20.1% Upside
$8.56 Price Target
Short Interest
Healthy
7.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
54.39%
From $0.57 to $0.88 Per Share

Overall MarketRank™

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

2.51 out of 5 stars

Finance Sector

366th out of 871 stocks

Real Estate Investment Trusts Industry

72nd out of 182 stocks

See Top Rated MarketRank™ Stocks Here

RWT stock logo

About Redwood Trust (NYSE:RWT) Stock

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 Price History

RWT Stock News Headlines

September 21, 2023 | finance.yahoo.com
Analyzing the Dividend Performance of Redwood Trust Inc (RWT)
September 20, 2023 | americanbankingnews.com
Brokerages Set Redwood Trust, Inc. (NYSE:RWT) Target Price at $8.56
September 29, 2023 | Legacy Research (Ad)
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
September 20, 2023 | americanbankingnews.com
Redwood Trust, Inc. (NYSE:RWT) Receives Consensus Recommendation of "Moderate Buy" from Analysts
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
September 29, 2023 | Legacy Research (Ad)
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
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
July 28, 2023 | finance.yahoo.com
Redwood Trust Reports Second Quarter 2023 Financial Results
July 28, 2023 | finance.yahoo.com
Redwood Trust (RWT) Q2 Earnings Top Estimates
July 28, 2023 | finance.yahoo.com
Compared to Estimates, Redwood Trust (RWT) Q2 Earnings: A Look at Key Metrics
July 26, 2023 | finance.yahoo.com
CoreVest Commercial Mortgage Special Servicer Ranking Confirmed from DBRS Morningstar
July 13, 2023 | finance.yahoo.com
Redwood Trust Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call
July 12, 2023 | markets.businessinsider.com
Redwood (RWT) Receives a Buy from JMP Securities
June 14, 2023 | markets.businessinsider.com
Piper Sandler Reaffirms Their Buy Rating on Redwood (RWT)
June 14, 2023 | markets.businessinsider.com
Redwood (RWT) Receives a Hold from BTIG
June 13, 2023 | msn.com
Redwood Trust, Inc. 10% FXD RT PFD A declares $0.625 dividend
June 13, 2023 | finance.yahoo.com
Redwood Trust Declares Second Quarter 2023 Common and Preferred Dividends
May 20, 2023 | wsj.com
Redwood Trust Inc. 10% Pfd. Series A
May 19, 2023 | finance.yahoo.com
2 “Strong Buy” Dividend Stocks Under $10 With at Least 15% Dividend Yield
May 3, 2023 | msn.com
Piper Sandler Maintains Redwood Trust (RWT) Overweight Recommendation
May 2, 2023 | msn.com
Redwood Trust: The Dividend Will Be Cut, But The Valuation Is Appealing
April 28, 2023 | msn.com
JMP Securities Reiterates Redwood Trust (RWT) Market Outperform Recommendation
See More Headlines
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RWT Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 9/29 Dividend
9/21/2023
Today
9/29/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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 Forecast
$8.56
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.82)
Trailing P/E Ratio
N/A
Forward P/E Ratio
12.49
P/E Growth
N/A
Net Income
$-163,520,000.00
Net Margins
-12.13%
Pretax Margin
-13.55%
Return on Equity
3.76%
Return on Assets
0.31%

Debt

Debt-to-Equity Ratio
9.44
Current Ratio
6.85
Quick Ratio
6.85

Sales & Book Value

Annual Sales
$64.44 million
Price / Sales
12.62
Cash Flow
$0.48 per share
Price / Cash Flow
14.83
Book Value
$9.56 per share
Price / Book
0.74

Miscellaneous

Outstanding Shares
114,235,000
Free Float
111,722,000
Market Cap
$813.35 million
Optionable
Optionable
Beta
1.38
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Key Executives

  • Mr. Christopher J. Abate CPA (Age 43)
    CEO & Director
    Comp: $1.41M
  • Mr. Dashiell I. Robinson (Age 43)
    Pres & Director
    Comp: $1.38M
  • Ms. Brooke E. Carillo (Age 36)
    Chief Financial Officer
    Comp: $1.25M
  • Mr. Andrew P. StoneMr. Andrew P. Stone (Age 52)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $723.01k
  • Ms. Sasha G. MacomberMs. 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
  • Mr. Collin Lee Cochrane CPA (Age 46)
    Chief Accounting Officer
  • Kaitlyn Mauritz
    Sr. VP & Head of Investor Relations
  • Mr. Shoshone A. Stern (Age 45)
    Head of Portfolio Strategy & Risk

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













RWT Stock - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last twelve months. 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.
View RWT analyst ratings or view top-rated stocks.

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

7 Wall Street analysts have issued 1-year price objectives 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 20.3% 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 increased by 5.3% and is now trading at $7.12.
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, October 26th 2023.
View our RWT earnings forecast.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) released its quarterly earnings results 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 positive trailing twelve-month return on equity of 3.76% and a negative net margin of 12.13%. During the same quarter last year, the business earned $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, September 12th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.16 per share on Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend is Thursday, September 21st.
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).

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 8.86%. 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 initiated 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 purchase up to 11.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board 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?

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).

What is Redwood Trust's stock symbol?

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

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 $7.12.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $813.35 million and generates $64.44 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.

How many employees does Redwood Trust have?

The company employs 347 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 9/29/2023 by MarketBeat.com Staff

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