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Redwood Trust (RWT) Stock Price, News & Analysis

$6.40
-0.12 (-1.84%)
(As of 05/22/2024 ET)
Today's Range
$6.37
$6.52
50-Day Range
$5.50
$6.68
52-Week Range
$5.45
$8.30
Volume
484,093 shs
Average Volume
1.05 million shs
Market Capitalization
$845.10 million
P/E Ratio
91.36
Dividend Yield
10.01%
Price Target
$7.66

Redwood Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
19.7% Upside
$7.66 Price Target
Short Interest
Healthy
4.18% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
42.86%
From $0.49 to $0.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.00 out of 5 stars

Finance Sector

299th out of 840 stocks

Real Estate Investment Trusts Industry

58th out of 178 stocks

RWT stock logo

About Redwood Trust Stock (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 Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer 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 Residential Investor Mortgage Banking segment operates a platform that originates business purpose loans to investors in single-family and multifamily residential properties and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential consumer and investor securitization activities, and business purpose lending 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 is elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

RWT Stock Price History

RWT Stock News Headlines

Redwood Trust, Inc. (RWT)
Redwood Trust Reports Q1 Earnings: What Key Metrics Have to Say
Q1 2024 Redwood Trust Inc Earnings Call
Redwood Trust, Inc. Bottom Line Climbs In Q1
3 Highest-yielding REITs to Buy Today
Redwood Trust Full Year 2023 Earnings: Misses Expectations
Q4 2023 Redwood Trust Inc Earnings Call
Redwood Trust earnings preview: what to expect
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 3/28 Dividend
3/20/2024
Dividend Payable
3/28/2024
Today
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
75807540
Employees
289
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.66
High Stock Price Target
$8.50
Low Stock Price Target
$6.50
Potential Upside/Downside
+19.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$-2,270,000.00
Pretax Margin
3.55%

Debt

Sales & Book Value

Annual Sales
$724 million
Cash Flow
$0.60 per share
Book Value
$8.76 per share

Miscellaneous

Free Float
128,849,000
Market Cap
$845.10 million
Optionable
Optionable
Beta
1.50
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Key Executives


RWT Stock Analysis - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 3 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 target for 2024?

8 analysts have issued 1-year price targets for Redwood Trust's shares. Their RWT share price targets range from $6.50 to $8.50. On average, they expect the company's share price to reach $7.66 in the next year. This suggests a possible upside of 19.7% 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 2024?

Redwood Trust's stock was trading at $7.41 on January 1st, 2024. Since then, RWT shares have decreased by 13.7% and is now trading at $6.3950.
View the best growth stocks for 2024 here
.

Are investors shorting Redwood Trust?

Redwood Trust saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 5,520,000 shares, a decline of 27.3% from the April 15th total of 7,590,000 shares. Based on an average trading volume of 1,580,000 shares, the short-interest ratio is currently 3.5 days.
View Redwood Trust's Short Interest
.

When is Redwood Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our RWT earnings forecast
.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a net margin of 3.06% and a trailing twelve-month return on equity of 4.83%. During the same period in the prior year, the firm 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 Thursday, March 7th. Investors of record on Thursday, March 21st will be given a dividend of $0.16 per share on Thursday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 10.01%. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for RWT
.

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 9.83%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 914.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RWT will have a dividend payout ratio of 91.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWT.

How will Redwood Trust's stock buyback program work?

Redwood Trust announced that its Board of Directors has approved a stock buyback plan on Thursday, July 28th 2022, which allows the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership 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?
Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), Clearbridge Investments LLC (1.40%), Mesirow Institutional Investment Management Inc. (1.32%), Peregrine Capital Management LLC (0.87%), Mirae Asset Global Investments Co. Ltd. (0.84%) and LSV Asset Management (0.83%). Insiders that own company stock include Andrew P Stone, Collin L Cochrane 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RWT) was last updated on 5/23/2024 by MarketBeat.com Staff

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