Top-Rated Dividend StocksTop-Rated Dividend Redwood Trust Stock Price, News & Analysis (NYSE:RWT) $7.19 +0.06 (+0.84%) (As of 12/7/2023 ET) Add Compare Share Share Today's Range$7.07▼$7.2150-Day Range$6.29▼$7.3552-Week Range$5.47▼$8.72Volume1.01 million shsAverage Volume1.20 million shsMarket Capitalization$821.39 millionP/E RatioN/ADividend Yield8.90%Price Target$8.44 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Redwood Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.88 Rating ScoreUpside/Downside17.4% Upside$8.44 Price TargetShort InterestBearish6.61% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.27Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth35.42%From $0.48 to $0.65 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector242nd out of 694 stocksReal Estate Investment Trusts Industry51st out of 144 stocks 2.4 Analyst's Opinion Consensus RatingRedwood Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.44, Redwood Trust has a forecasted upside of 17.4% from its current price of $7.19.Amount of Analyst CoverageRedwood Trust has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.61% of the outstanding shares of Redwood Trust have been sold short.Short Interest Ratio / Days to CoverRedwood Trust has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in Redwood Trust has recently decreased by 4.43%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipRedwood Trust is a leading dividend payer. It pays a dividend yield of 8.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthRedwood Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Redwood Trust will have a dividend payout ratio of 98.46% in the coming year. This indicates that Redwood Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RWT. Previous Next 3.5 News and Social Media Coverage News SentimentRedwood Trust has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Redwood Trust this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Redwood Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Redwood Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.20% of the stock of Redwood Trust is held by insiders.Percentage Held by Institutions69.94% of the stock of Redwood Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Redwood Trust are expected to grow by 35.42% in the coming year, from $0.48 to $0.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redwood Trust is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Redwood Trust is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRedwood Trust has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More RWT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RWT Stock News HeadlinesDecember 7, 2023 | msn.comUBS Initiates Coverage of Redwood Trust (RWT) with Buy RecommendationDecember 7, 2023 | americanbankingnews.comRedwood Trust (NYSE:RWT) Coverage Initiated at UBS GroupDecember 8, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 6, 2023 | americanbankingnews.comRedwood Trust (NYSE:RWT) Upgraded to Buy at BTIG ResearchDecember 4, 2023 | americanbankingnews.comRedwood Trust, Inc. (NYSE:RWT) Given Consensus Rating of "Moderate Buy" by AnalystsNovember 30, 2023 | americanbankingnews.comRedwood Trust (NYSE:RWT) PT Lowered to $9.00November 7, 2023 | finance.yahoo.comPoint and Redwood Trust Issue $139 Million Home Equity Investment Rated SecuritizationOctober 31, 2023 | markets.businessinsider.comRedwood Trust: Undervalued Investment Opportunity Amid Strong Mortgage Platform Performance and Favorable Market PositioningDecember 8, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.October 31, 2023 | finance.yahoo.comRedwood Trust, Inc. (NYSE:RWT) Q3 2023 Earnings Call TranscriptOctober 31, 2023 | finance.yahoo.comQ3 2023 Redwood Trust Inc Earnings CallOctober 30, 2023 | markets.businessinsider.comRedwood Trust, Inc. Q3 Loss decreases, but misses estimatesOctober 30, 2023 | finance.yahoo.comRedwood Trust Reports Third Quarter 2023 Financial ResultsOctober 30, 2023 | finance.yahoo.comRedwood Trust Inc (RWT) Reports Q3 2023 Financial ResultsOctober 30, 2023 | seekingalpha.comRedwood Trust, Inc. 2023 Q3 - Results - Earnings Call PresentationOctober 29, 2023 | markets.businessinsider.comHere's what to expect from Redwood Trust's earnings reportOctober 25, 2023 | finance.yahoo.comDigitalBridge (DBRG) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 ReleaseOctober 12, 2023 | finance.yahoo.comRedwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference CallOctober 5, 2023 | finance.yahoo.comHome equity products light up a dark housing marketSeptember 21, 2023 | finance.yahoo.comAnalyzing the Dividend Performance of Redwood Trust Inc (RWT)September 15, 2023 | markets.businessinsider.comJMP Securities Sticks to Its Buy Rating for Redwood (RWT)September 14, 2023 | finance.yahoo.comRedwood Trust CEO Christopher Abate on the REIT’s appetite for jumbos, home equitySeptember 6, 2023 | finance.yahoo.comRedwood Trust Announces Launch of Home Equity Investment PlatformAugust 20, 2023 | finance.yahoo.comWith 75% institutional ownership, Redwood Trust, Inc. (NYSE:RWT) is a favorite amongst the big gunsAugust 18, 2023 | msn.comRedwood Trust Preferred A: 10.87% Fixed-To-Floating Yield With Upside To Call/ConversionAugust 1, 2023 | msn.comCredit Suisse Maintains Redwood Trust (RWT) Outperform RecommendationJuly 28, 2023 | finance.yahoo.comQ2 2023 Redwood Trust Inc Earnings CallSee More Headlines Receive RWT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redwood Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/28/2022Ex-Dividend for 9/29 Dividend9/21/2023Dividend Payable9/29/2023Today12/07/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/08/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryMortgage REITs SectorFinance Current SymbolNYSE:RWT CUSIP75807540 CIK930236 Webwww.redwoodtrust.com Phone(415) 389-7373Fax415-381-1773Employees347Year FoundedN/APrice Target and Rating Average Stock Price Target$8.44 High Stock Price Target$9.00 Low Stock Price Target$7.00 Potential Upside/Downside+17.4%Consensus RatingModerate Buy Rating Score (0-4)2.88 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($0.67) Trailing P/E RatioN/A Forward P/E Ratio14.98 P/E GrowthN/ANet Income$-163,520,000.00 Net Margins-9.46% Pretax Margin-10.76% Return on Equity3.29% Return on Assets0.27% Debt Debt-to-Equity Ratio9.84 Current Ratio6.99 Quick Ratio6.99 Sales & Book Value Annual Sales$708 million Price / Sales1.16 Cash Flow$0.47 per share Price / Cash Flow15.19 Book Value$9.56 per share Price / Book0.75Miscellaneous Outstanding Shares114,240,000Free Float111,722,000Market Cap$821.39 million OptionableOptionable Beta1.45 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Christopher J. Abate CPA (Age 43)CEO & Director Comp: $1.41MMr. Dashiell I. Robinson (Age 43)President & Director Comp: $1.38MMs. Brooke E. Carillo (Age 36)Chief Financial Officer Comp: $1.25MMr. Andrew P. Stone (Age 52)Executive VP, Chief Legal Officer & Secretary Comp: $723.01kMs. Sasha G. Macomber (Age 54)Chief Human Resource Officer Comp: $758.65kMs. Carlene A. GrahamChief Operating OfficerMr. Fred J. Matera (Age 59)MD, Head of Residential & Chief Investment Officer Comp: $45.03kMr. Collin Lee Cochrane CPA (Age 46)Chief Accounting Officer Comp: $2.01MKaitlyn MauritzSenior VP & Head of Investor RelationsMr. Shoshone A. Stern (Age 45)Head of Portfolio Strategy & Risk Comp: $852.56kMore ExecutivesKey CompetitorsNew York Mortgage TrustNASDAQ:NYMTARMOUR Residential REITNYSE:ARRMFA FinancialNYSE:MFAChimera InvestmentNYSE:CIMInvesco Mortgage CapitalNYSE:IVRView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 64,617 shares on 12/6/2023Ownership: 0.039%Wellington Management Group LLPBought 2,614,898 shares on 12/1/2023Ownership: 3.746%Deutsche Bank AGBought 6,865 shares on 11/24/2023Ownership: 0.043%Public Sector Pension Investment BoardSold 61,282 shares on 11/22/2023Ownership: 0.124%Walleye Trading LLCBought 10,000 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions RWT Stock Analysis - Frequently Asked Questions Should I buy or sell Redwood Trust stock right now? 8 Wall Street equities 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 equities 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 brokers have issued 12-month target prices for Redwood Trust's shares. Their RWT share price targets range from $7.00 to $9.00. On average, they expect the company's stock 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 on January 1st, 2023. 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) issued its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.02. Redwood Trust had a negative net margin of 9.46% and a positive trailing twelve-month return on equity of 3.29%. During the same quarter in the prior year, the business posted $0.40 earnings per share. How often does Redwood Trust pay dividends? What is the dividend yield for Redwood Trust? Redwood Trust declared a quarterly dividend on Thursday, December 7th. Stockholders of record on Wednesday, December 20th will be paid a dividend of $0.16 per share on Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.90%. 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. 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). How will Redwood Trust's stock buyback program work? Redwood Trust declared that its board has initiated a share buyback plan on Thursday, July 28th 2022, which authorizes the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are 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). 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 12/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Redwood Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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