Redwood Trust Company Profile (NYSE:RWT)

About Redwood Trust

Redwood Trust logoRedwood Trust, Inc., together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets. The Company operates through three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for subsequent sale, securitization or transfer to its investment portfolio. Its residential investments segment includes a portfolio of investments in residential mortgage-backed securities retained from its Sequoia securitizations, as well as residential mortgage-backed securities issued by third parties. Its commercial mortgage banking and investments segment consists of a mortgage loan conduit that originated senior commercial loans for subsequent sale to third-party commercial mortgage backed securities (CMBS) sponsors or other investors.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: Mortgage REITs
  • Exchange: NYSE
  • Symbol: RWT
  • CUSIP: 75807540
Key Metrics:
  • Previous Close: $17.02
  • 50 Day Moving Average: $16.01
  • 200 Day Moving Average: $14.91
  • 52-Week Range: $11.68 - $17.05
  • Trailing P/E Ratio: 9.56
  • Foreward P/E Ratio: 10.87
  • P/E Growth: 1.39
  • Market Cap: $1.26B
  • Outstanding Shares: 76,656,000
  • Beta: 0.71
Profitability:
  • Net Margins: 48.35%
  • Return on Equity: 15.35%
  • Return on Assets: 2.88%
Debt:
  • Debt-to-Equity Ratio: 3.04%
  • Current Ratio: 3.81%
  • Quick Ratio: 3.81%
Additional Links:
Companies Related to Redwood Trust:

Analyst Ratings

Consensus Ratings for Redwood Trust (NYSE:RWT) (?)
Ratings Breakdown: 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $15.46 (5.85% downside)

Analysts' Ratings History for Redwood Trust (NYSE:RWT)
Show:
DateFirmActionRatingPrice TargetDetails
8/10/2016Maxim GroupDowngradeBuy -> HoldView Rating Details
7/19/2016Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$14.50View Rating Details
5/18/2016NomuraUpgradeNeutral -> Buy$14.00 -> $16.00View Rating Details
5/13/2016Deutsche Bank AGLower Price TargetBuy$18.00 -> $17.80View Rating Details
3/21/2016Needham & Company LLCReiterated RatingNeutral$15.00 -> $14.00View Rating Details
3/19/2016FBR & CoInitiated CoverageHoldView Rating Details
5/5/2015WunderlichLower Price TargetHold$20.00 -> $18.00View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Redwood Trust (NYSE:RWT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017        
2/23/2017Q416$0.36$0.33$39.19 millionViewN/AView Earnings Details
11/7/2016Q316$0.38$0.39$40.43 millionViewListenView Earnings Details
8/8/2016Q216$0.37$0.47$36.61 millionViewN/AView Earnings Details
5/5/2016Q1$0.28$0.44$44.12 million$38.00 millionViewN/AView Earnings Details
2/25/2016Q4$0.26$0.46$42.35 million$44.00 millionViewListenView Earnings Details
11/5/2015Q315$0.32$0.22$41.63 million$40.00 millionViewN/AView Earnings Details
8/5/2015Q215$0.40$0.31$38.74 millionViewN/AView Earnings Details
5/4/2015Q115$0.35$0.16$41.80 million$40.00 millionViewN/AView Earnings Details
2/23/2015Q414$0.35$0.31$40.03 million$41.00 millionViewN/AView Earnings Details
11/6/2014Q3$0.33$0.50$37.90 millionViewN/AView Earnings Details
8/7/2014Q214$0.28$0.18$43.11 millionViewN/AView Earnings Details
5/5/2014Q1$0.33$0.14$40.63 millionViewN/AView Earnings Details
2/24/2014Q413$0.28$0.29ViewN/AView Earnings Details
10/31/2013Q313$0.18$0.25$39.11 million$41.00 millionViewN/AView Earnings Details
8/1/2013Q213$0.31$0.71$36.90 millionViewN/AView Earnings Details
5/2/2013Q113$0.46$0.69$28.33 millionViewN/AView Earnings Details
2/21/2013$0.30$0.50$32.99 millionViewN/AView Earnings Details
11/1/2012$0.23$0.48ViewN/AView Earnings Details
8/2/2012$0.18$0.24ViewN/AView Earnings Details
11/3/2011$0.20$0.01ViewN/AView Earnings Details
8/4/2011$0.26$0.11ViewN/AView Earnings Details
5/5/2011$0.27$0.22ViewN/AView Earnings Details
2/24/2011$0.26$0.25ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Redwood Trust (NYSE:RWT)
Current Year EPS Consensus Estimate: $1.53 EPS
Next Year EPS Consensus Estimate: $1.51 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.24$0.33$0.29
Q2 20162$0.33$0.35$0.34
Q3 20162$0.34$0.36$0.35
Q4 20162$0.35$0.36$0.36
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Redwood Trust (NYSE:RWT)
Annual Dividend:$1.12
Dividend Yield:6.82%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:67.07% (Based on Trailing 12 Months of Earnings)
73.20% (Based on Current Year Consensus EPS Estimate)
74.17% (Based on Next Year Consensus EPS Estimate)

Dividend History for Redwood Trust (NYSE:RWT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/23/2017quarterly$0.286.82%3/14/20173/16/20173/31/2017
11/7/2016quarterly$0.287.94%12/13/201612/15/201612/29/2016
8/8/2016quarterly$0.287.43%9/13/20169/15/20169/30/2016
5/16/2016quarterly$0.288.4%6/14/20166/16/20166/30/2016
2/25/2016quarterly$0.289.36%3/14/20163/16/20163/31/2016
11/5/2015quarterly$0.288.53%12/15/201512/17/201512/29/2015
8/5/2015quarterly$0.287.6%9/11/20159/15/20159/30/2015
5/19/2015quarterly$0.286.78%6/12/20156/16/20156/30/2015
2/23/2015quarterly$0.285.76%3/13/20153/17/20153/31/2015
11/6/2014quarterly$0.285.79%12/11/201412/15/201412/29/2014
8/7/2014quarterly$0.285.82%9/11/20149/15/20149/30/2014
5/20/2014quarterly$0.285.83%6/11/20146/13/20146/30/2014
2/24/2014quarterly$0.285.81%3/12/20143/14/20143/31/2014
11/25/2013quarterly$0.285.98%12/11/201312/13/201312/27/2013
8/6/2013quarterly$0.286.76%9/11/20139/13/20139/30/2013
5/16/2013quarterly$0.285.22%6/12/20136/14/20136/28/2013
2/20/2013quarterly$0.285.54%3/13/20133/15/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Redwood Trust (NYSE:RWT)
Insider Ownership Percentage: 3.35%
Institutional Ownership Percentage: 83.73%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/19/2016Andrew P StoneGeneral CounselSell5,000$15.30$76,500.00View SEC Filing  
5/16/2016Mariann H ByerwalterDirectorSell9,759$13.27$129,501.93View SEC Filing  
5/2/2016Andrew P StoneInsiderSell12,250$12.79$156,677.50View SEC Filing  
5/2/2016Brett D NicholasPresidentSell5,786$12.79$74,002.94View SEC Filing  
5/2/2016Christopher J AbateCFOSell7,622$12.79$97,485.38View SEC Filing  
5/2/2016Richard BaumDirectorSell3,903$12.79$49,919.37View SEC Filing  
3/1/2016Greg H KubicekDirectorBuy5,000$12.07$60,350.00View SEC Filing  
3/1/2016Martin S HughesCEOBuy20,000$12.06$241,200.00View SEC Filing  
12/21/2015Andrew P. StoneGeneral CounselSell1,029$13.42$13,809.18View SEC Filing  
12/21/2015Brett D. NicholasPresidentSell549$13.44$7,378.56View SEC Filing  
12/21/2015Christopher J. AbateCFOSell1,201$13.43$16,129.43View SEC Filing  
12/21/2015Fred MateraCIOSell257$13.44$3,454.08View SEC Filing  
12/21/2015Martin S. HughesCEOSell1,381$13.42$18,533.02View SEC Filing  
5/4/2015Andrew P StoneGeneral CounselSell7,498$17.05$127,840.90View SEC Filing  
5/4/2015Brett D NicholasPresidentSell12,300$17.04$209,592.00View SEC Filing  
5/4/2015Christopher J AbateCFOSell2,026$17.05$34,543.30View SEC Filing  
5/4/2015Fred MateraCIOSell3,628$17.05$61,857.40View SEC Filing  
5/4/2015Martin S HughesCEOSell26,616$17.05$453,802.80View SEC Filing  
11/12/2014Mariann H ByerwalterDirectorSell2,172$19.81$43,027.32View SEC Filing  
8/13/2014Andrew P StoneGeneral CounselSell2,091$19.05$39,833.55View SEC Filing  
8/13/2014Mariann H ByerwalterDirectorSell2,172$19.17$41,637.24View SEC Filing  
5/14/2014Mariann ByerwalterDirectorSell2,173$19.20$41,721.60View SEC Filing  
5/1/2014Andrew StoneGeneral CounselSell4,074$21.45$87,387.30View SEC Filing  
5/1/2014Brett NicholasPresidentSell7,751$21.45$166,258.95View SEC Filing  
5/1/2014Martin HughesCEOSell17,144$21.45$367,738.80View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Redwood Trust (NYSE:RWT)
DateHeadline
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 10-K, Annual Report (NYSE:RWT)
biz.yahoo.com - February 24 at 9:32 PM
seekingalpha.com logoRedwood Trust -4% after earnings miss (NYSE:RWT)
seekingalpha.com - February 24 at 11:25 AM
News IconShould You Expect Redwood Trust Inc (RWT) To Deliver A Superior ROE To Its Industry? (NYSE:RWT)
simplywall.st - February 24 at 5:13 AM
marketexclusive.com logoREDWOOD TRUST, INC. (NYSE:RWT) Files An 8-K Results of Operations and Financial Condition (NYSE:RWT)
marketexclusive.com - February 24 at 5:13 AM
seekingalpha.com logoRedwood Trust's (RWT) CEO Marty Hughes on Q4 2016 Results - Earnings Call Transcript (NYSE:RWT)
seekingalpha.com - February 24 at 5:13 AM
finance.yahoo.com logoEdited Transcript of RWT earnings conference call or presentation 23-Feb-17 10:00pm GMT (NYSE:RWT)
finance.yahoo.com - February 24 at 5:13 AM
us.rd.yahoo.com logoRedwood Trust Reports Fourth Quarter 2016 Results (NYSE:RWT)
us.rd.yahoo.com - February 23 at 7:48 PM
us.rd.yahoo.com logoRedwood Trust Declares $0.28 Per Share Dividend For The First Quarter Of 2017 (NYSE:RWT)
us.rd.yahoo.com - February 23 at 7:48 PM
us.rd.yahoo.com logo4:21 pm Redwood Trust misses by $0.05 (NYSE:RWT)
us.rd.yahoo.com - February 23 at 7:48 PM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:RWT)
us.rd.yahoo.com - February 23 at 7:48 PM
sg.finance.yahoo.com logoRedwood Trust posts 4Q profit (NYSE:RWT)
sg.finance.yahoo.com - February 23 at 7:48 PM
biz.yahoo.com logoQ4 2016 Redwood Trust Inc Earnings Release - 4:15 pm ET (NYSE:RWT)
biz.yahoo.com - February 23 at 8:15 AM
finance.yahoo.com logoRedwood Trust Announces Timing For Fourth Quarter 2016 Earnings Release And Earnings Call (NYSE:RWT)
finance.yahoo.com - February 16 at 7:20 PM
finance.yahoo.com logoRedwood Trust Announces Dividend Distribution Tax Information for 2016 (NYSE:RWT)
finance.yahoo.com - January 31 at 10:12 PM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bearish Manner : RWT-US : January 31, 2017 (NYSE:RWT)
www.capitalcube.com - January 31 at 10:12 PM
capitalcube.com logoRedwood Trust, Inc. : RWT-US: Dividend Analysis : December 15th, 2016 (record date) : By the numbers : January 31, 2017 (NYSE:RWT)
www.capitalcube.com - January 31 at 10:12 PM
marketnewsvideo.com logoNotable Tuesday Option Activity: DIS, APA, RWT (NYSE:RWT)
www.marketnewsvideo.com - January 24 at 10:49 PM
moodys.com logoMoody's assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-1 (NYSE:RWT)
www.moodys.com - January 20 at 11:23 PM
moodys.com logoMoody's assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-1 (NYSE:RWT)
www.moodys.com - January 6 at 9:09 PM
4-traders.com logoREDWOOD TRUST INC : Financial Statements and Exhibits (form 8-K) (NYSE:RWT)
www.4-traders.com - December 21 at 8:24 AM
News IconNotable Insider Report: The Insider and General Counsel of Redwood Trust, Inc. (NYSE:RWT), Andrew Stone, Unloaded 5,000 Shares (NYSE:RWT)
www.whatsonthorold.com - December 21 at 8:24 AM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Financial Statements and Exhibits (NYSE:RWT)
biz.yahoo.com - December 20 at 2:22 PM
streetinsider.com logoForm 4 REDWOOD TRUST INC For: Dec 14 Filed by: Hughes Martin S (NYSE:RWT)
www.streetinsider.com - December 18 at 1:17 AM
News IconRedwood Trust, Inc. (RWT): Hedge Fund Sentiment Unchanged (NYSE:RWT)
feedproxy.google.com - December 15 at 5:31 PM
forbes.com logoRedwood Trust (RWT) Passes Through 7% Yield Mark (NYSE:RWT)
www.forbes.com - December 12 at 3:56 PM
insidermonkey.com logoIs First Merchants Corporation (FRME) Going to Burn These Hedge Funds? (NYSE:RWT)
www.insidermonkey.com - December 11 at 9:06 AM
nasdaq.com logoEx-Dividend Reminder: CenterState Banks, T Rowe Price Group and Redwood Trust (NYSE:RWT)
www.nasdaq.com - December 9 at 7:34 PM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Regulation FD Disclosure (NYSE:RWT)
biz.yahoo.com - December 6 at 7:20 PM
marketexclusive.com logoREDWOOD TRUST, INC. (NYSE:RWT) Files An 8-K Regulation FD Disclosure (NYSE:RWT)
marketexclusive.com - December 6 at 8:50 AM
finance.yahoo.com logoRedwood Announces Intention To Maintain Dividend At $0.28 Per Share Per Quarter In 2017 (NYSE:RWT)
finance.yahoo.com - December 5 at 9:23 AM
finance.yahoo.com logoREDWOOD TRUST INC Financials (NYSE:RWT)
finance.yahoo.com - November 16 at 7:35 PM
finance.yahoo.com logoWeitz Funds Comments on Redwood Trust (NYSE:RWT)
finance.yahoo.com - November 11 at 7:01 PM
News IconRedwood Trust Has Returned 29.4% Since SmarTrend Recommendation (RWT) (NYSE:RWT)
www.traderplanet.com - November 10 at 10:30 AM
capitalcube.com logoETF’s with exposure to Redwood Trust, Inc. : November 9, 2016 (NYSE:RWT)
www.capitalcube.com - November 9 at 7:18 PM
prnewswire.com logoRedwood Trust Declares $0.28 Per Share Dividend For The Fourth Quarter Of 2016 (NYSE:RWT)
www.prnewswire.com - November 8 at 7:06 PM
nasdaq.com logoRedwood Trust, Inc. Earnings Advance 74% In Q3 (NYSE:RWT)
www.nasdaq.com - November 8 at 7:06 PM
seekingalpha.com logoRedwood Trust's (RWT) CEO Marty Hughes on Q3 2016 Results - Earnings Call Transcript (NYSE:RWT)
seekingalpha.com - November 8 at 7:06 PM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : November 8, 2016 (NYSE:RWT)
www.capitalcube.com - November 8 at 10:54 AM
sg.finance.yahoo.com logoRedwood Trust posts 3Q profit (NYSE:RWT)
sg.finance.yahoo.com - November 7 at 8:05 PM
biz.yahoo.com logoQ3 2016 Redwood Trust Inc Earnings Release - 4:15 pm ET (NYSE:RWT)
biz.yahoo.com - November 7 at 11:11 AM
publicnow.com logoRedwood Trust Announces Timing For Third Quarter 2016 Earnings Release And Earnings Call (NYSE:RWT)
www.publicnow.com - October 31 at 6:59 PM
mysmartrend.com logoRedwood Trust Up 30.9% Since SmarTrend Uptrend Call (RWT) (NYSE:RWT)
www.mysmartrend.com - October 26 at 7:09 PM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : October 25, 2016 (NYSE:RWT)
www.capitalcube.com - October 25 at 12:22 PM
wsj.com logoBorrowers Who Make Less Money Are Now Getting Jumbo Home Loans (NYSE:RWT)
www.wsj.com - October 21 at 10:42 AM
capitalcube.com logoRedwood Trust, Inc. : RWT-US: Dividend Analysis : September 15th, 2016 (record date) : By the numbers : October 20, 2016 (NYSE:RWT)
www.capitalcube.com - October 20 at 7:27 PM
capitalcube.com logoETF’s with exposure to Redwood Trust, Inc. : October 20, 2016 (NYSE:RWT)
www.capitalcube.com - October 20 at 7:27 PM
mysmartrend.com logo26.3% Return Seen to Date on SmarTrend Redwood Trust Call (RWT) (NYSE:RWT)
www.mysmartrend.com - October 19 at 3:46 PM
mysmartrend.com logoUptrend Call Working As Redwood Trust Stock Rises 25.6% (RWT) (NYSE:RWT)
www.mysmartrend.com - October 11 at 7:28 PM
mysmartrend.com logoShares of RWT Up 29.6% Since Uptrend Call on Shares (NYSE:RWT)
www.mysmartrend.com - October 1 at 8:40 AM
mysmartrend.com logoUptrend Call Working As Redwood Trust Stock Rises 32.1% (RWT) (NYSE:RWT)
www.mysmartrend.com - September 24 at 11:32 AM

Social

What is Redwood Trust's stock symbol?

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

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

Redwood Trust declared a quarterly dividend on Thursday, February 23rd. Investors of record on Thursday, March 16th will be paid a dividend of $0.28 per share on Friday, March 31st. This represents a $1.12 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date is Tuesday, March 14th.

Where is Redwood Trust's stock going? Where will Redwood Trust's stock price be in 2017?

6 equities research analysts have issued 12-month price targets for Redwood Trust's stock. Their forecasts range from $14.00 to $17.80. On average, they anticipate Redwood Trust's stock price to reach $15.46 in the next twelve months.

When will Redwood Trust announce their earnings?

Redwood Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May, 3rd 2017.

Who owns Redwood Trust stock?

Redwood Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.01%), Renaissance Technologies LLC (1.75%), RBO & Co. LLC (0.92%), Guggenheim Capital LLC (0.47%), Credit Agricole S A (0.24%) and Van ECK Associates Corp (0.24%). Company insiders that own Redwood Trust stock include Andrew P Stone, Brett D Nicholas, Christopher J Abate, Fred Matera, Greg H Kubicek, Mariann H Byerwalter, Martin S Hughes and Richard Baum.

Who sold Redwood Trust stock? Who is selling Redwood Trust stock?

Redwood Trust's stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Comerica Bank, Wall Street Access Asset Management LLC and Barrington Strategic Wealth Management Group LLC. Company insiders that have sold Redwood Trust stock in the last year include Andrew P Stone, Brett D Nicholas, Christopher J Abate, Mariann H Byerwalter and Richard Baum.

Who bought Redwood Trust stock? Who is buying Redwood Trust stock?

Redwood Trust's stock was acquired by a variety of institutional investors in the last quarter, including RBO & Co. LLC, Guggenheim Capital LLC, Renaissance Technologies LLC, Credit Agricole S A, State Street Corp, Van ECK Associates Corp, Pacad Investment Ltd. and Russell Investments Group Ltd.. Company insiders that have bought Redwood Trust stock in the last two years include Greg H Kubicek and Martin S Hughes.

How do I buy Redwood Trust stock?

Shares of Redwood Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Redwood Trust stock cost?

One share of Redwood Trust stock can currently be purchased for approximately $16.42.

Redwood Trust (NYSE:RWT) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Redwood Trust (NYSE:RWT)

Earnings History Chart

Earnings by Quarter for Redwood Trust (NYSE:RWT)

Dividend History Chart

Dividend Payments by Quarter for Redwood Trust (NYSE:RWT)

Last Updated on 2/25/2017 by MarketBeat.com Staff