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Redwood Trust Stock Price, News & Analysis (NYSE:RWT)

$7.16
+0.02 (+0.28%)
(As of 11:45 AM ET)
Compare
Today's Range
$7.14
$7.29
50-Day Range
$6.29
$7.35
52-Week Range
$5.47
$8.72
Volume
408,341 shs
Average Volume
1.19 million shs
Market Capitalization
$817.96 million
P/E Ratio
N/A
Dividend Yield
8.94%
Price Target
$8.38

Redwood Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
17.4% Upside
$8.44 Price Target
Short Interest
Bearish
6.61% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of Redwood Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.42%
From $0.48 to $0.65 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Finance Sector

330th out of 743 stocks

Real Estate Investment Trusts Industry

72nd out of 158 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 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 Price History

RWT Stock News Headlines

Redwood Trust (NYSE:RWT) Upgraded to Buy at BTIG Research
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Redwood Trust (NYSE:RWT) PT Lowered to $9.00
Q3 2023 Redwood Trust Inc Earnings Call
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Redwood Trust, Inc. Q3 Loss decreases, but misses estimates
Redwood Trust Inc (RWT) Reports Q3 2023 Financial Results
Here's what to expect from Redwood Trust's earnings report
Home equity products light up a dark housing market
JMP Securities Sticks to Its Buy Rating for Redwood (RWT)
Q2 2023 Redwood Trust Inc Earnings Call
Redwood Trust (RWT) Q2 Earnings Top Estimates
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 9/29 Dividend
9/21/2023
Dividend Payable
9/29/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
75807540
Employees
347
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.38
High Stock Price Target
$9.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+17.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$-163,520,000.00
Pretax Margin
-10.76%

Debt

Sales & Book Value

Annual Sales
$708 million
Cash Flow
$0.47 per share
Book Value
$9.56 per share

Miscellaneous

Free Float
111,722,000
Market Cap
$815.67 million
Optionable
Optionable
Beta
1.45
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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 research analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued twelve-month price targets for Redwood Trust's stock. Their RWT share price targets range from $7.00 to $9.00. On average, they expect the company's share price to reach $8.44 in the next twelve months. This suggests a possible upside of 17.4% 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 shares have increased by 6.4% and is now trading at $7.19.
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, February 8th 2024.
View our RWT earnings forecast
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) announced 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 positive trailing twelve-month return on equity of 3.29% and a negative net margin of 9.46%. During the same quarter last year, the business posted $0.40 EPS.

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

Redwood Trust announced a quarterly dividend on Tuesday, September 12th. Shareholders 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 annualized dividend and a yield of 8.90%. The ex-dividend date is Thursday, September 21st.
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 8.82%. 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 declared that its Board of Directors has approved a stock buyback 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 purchase up to 11.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management 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 variety of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.75%), Adage Capital Partners GP L.L.C. (3.31%), LSV Asset Management (2.06%), Clearbridge Investments LLC (1.60%), Boston Partners (1.51%) and Charles Schwab Investment Management Inc. (1.46%). Insiders that own company stock include Andrew P Stone, Collin L Cochrane, Georganne Proctor 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:RWT) was last updated on 12/6/2023 by MarketBeat.com Staff

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