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Redwood Trust Stock Forecast, Price & News

$7.60
+0.30 (+4.11%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.31
$7.71
50-Day Range
$6.77
$10.44
52-Week Range
$6.57
$14.17
Volume
2.17 million shs
Average Volume
1.62 million shs
Market Capitalization
$914.07 million
P/E Ratio
4.02
Dividend Yield
12.60%
Price Target
$12.79
30 days | 90 days | 365 days | Advanced Chart

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RWT Stock Forecast (MarketRank)

Overall MarketRank

3.34 out of 5 stars

Finance Sector

66th out of 1,363 stocks

Real Estate Investment Trusts Industry

5th out of 234 stocks

Analyst Opinion: 3.4Community Rank: 4.5Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
Redwood Trust logo

About Redwood Trust (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 News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 3/31 Dividend
3/23/2022
Dividend Payable
3/31/2022
Last Earnings
4/28/2022
Ex-Dividend for 6/30 Dividend
6/22/2022
Today
6/24/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$12.79
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+68.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85714285714286
Research Coverage
7 Analysts

Profitability

Net Income
$319.61 million
Pretax Margin
40.53%

Debt

Sales & Book Value

Annual Sales
$575 million
Cash Flow
$1.88 per share
Book Value
$12.26 per share

Miscellaneous

Free Float
118,107,000
Market Cap
$914.07 million
Optionable
Optionable
Beta
0.96














Redwood Trust 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" Redwood Trust stock.
View analyst ratings for Redwood Trust
or view top-rated stocks.

What is Redwood Trust's stock price forecast for 2022?

7 equities research analysts have issued 12-month price objectives for Redwood Trust's shares. Their RWT stock forecasts range from $10.50 to $16.50. On average, they anticipate Redwood Trust's share price to reach $12.79 in the next twelve months. This suggests a possible upside of 68.2% from the stock's current price.
View analysts' price targets for Redwood Trust
or view top-rated stocks among Wall Street analysts.

How has Redwood Trust's stock performed in 2022?

Redwood Trust's stock was trading at $13.19 at the beginning of the year. Since then, RWT shares have decreased by 42.4% and is now trading at $7.60.
View the best growth stocks for 2022 here
.

Are investors shorting Redwood Trust?

Redwood Trust saw a decline in short interest during the month of May. As of May 31st, there was short interest totaling 2,870,000 shares, a decline of 14.8% from the May 15th total of 3,370,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is presently 1.8 days.
View Redwood Trust's Short Interest
.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Redwood Trust
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) issued its quarterly 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 trailing twelve-month return on equity of 12.87% and a net margin of 39.78%. During the same period in the previous year, the business earned $0.40 EPS.
View Redwood Trust's earnings history
.

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

Redwood Trust declared a quarterly dividend on Thursday, June 9th. Stockholders of record on Thursday, June 23rd will be paid a dividend of $0.23 per share on Thursday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 12.11%. The ex-dividend date is Wednesday, June 22nd.
View Redwood Trust's dividend history
.

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 12.60%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Redwood Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Redwood Trust is 48.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Redwood Trust will have a dividend payout ratio of 59.74% next year. This indicates that Redwood Trust will be able to sustain or increase its dividend.
View Redwood Trust's dividend history.

Who are Redwood Trust's key executives?

Redwood Trust's management team includes the following people:
  • Mr. Christopher J. Abate CPA, CEO & Director (Age 42, Pay $7.6M)
  • Mr. Dashiell I. Robinson, Pres & Director (Age 42, Pay $6.75M)
  • Ms. Brooke E. Carillo, Chief Financial Officer (Age 35, Pay $5.91M)
  • Mr. Collin Lee Cochrane CPA, Chief Accounting Officer (Age 45, Pay $2.01M)
  • Mr. Andrew P. Stone, Exec. VP, Chief Legal Officer & Sec. (Age 51, Pay $3.53M) (LinkedIn Profile)
  • Ms. Sasha G. Macomber, Chief Human Resource Officer (Age 53, Pay $3.35M) (LinkedIn Profile)
  • Ms. Carlene A. Graham, Chief Operating Officer
  • Mr. J. Thomas Richardson, Chief Technology Officer
  • Kaitlyn Mauritz, Sr. VP & Head of Investor Relations
  • Mr. Fred J. Matera, MD & Head of Residential (Age 58)

What is Christopher Abate's approval rating as Redwood Trust's CEO?

10 employees have rated Redwood Trust CEO Christopher Abate on Glassdoor.com. Christopher Abate has an approval rating of 100% among Redwood Trust'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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.97%), Vanguard Group Inc. (10.18%), State Street Corp (3.43%), LSV Asset Management (2.02%), Invesco Ltd. (1.59%) and HBK Investments L P (0.00%). Company insiders that own Redwood Trust stock include Andrew P Stone, Fred Matera, Georganne Proctor and Sasha G Macomber.
View institutional ownership trends for Redwood Trust
.

Which major investors are selling Redwood Trust stock?

RWT stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, HBK Investments L P, JPMorgan Chase & Co., Group One Trading L.P., Bank of New York Mellon Corp, PEAK6 Investments LLC, Raymond James Financial Services Advisors Inc., and Bank of America Corp DE. Company insiders that have sold Redwood Trust company stock in the last two years include Andrew P Stone, and Georganne Proctor.
View insider buying and selling activity for Redwood Trust
or view top insider-selling stocks.

Which major investors are buying Redwood Trust stock?

RWT stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., LSV Asset Management, Renaissance Technologies LLC, Beach Point Capital Management LP, Healthcare of Ontario Pension Plan Trust Fund, State Street Corp, First Trust Advisors LP, and Atria Wealth Solutions Inc..
View insider buying and selling activity for Redwood Trust
or or view top insider-buying stocks.

How do I buy shares of Redwood Trust?

Shares of RWT 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 $7.60.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $914.07 million and generates $575 million in revenue each year. The real estate investment trust earns $319.61 million in net income (profit) each year or $1.89 on an earnings per share basis.

How many employees does Redwood Trust have?

Redwood Trust 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 Redwood Trust is www.redwoodtrust.com. The real estate investment trust can be reached via phone at (415) 389-7373, via email at [email protected]dwoodtrust.com, or via fax at 415-381-1773.

This page (NYSE:RWT) was last updated on 6/24/2022 by MarketBeat.com Staff

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