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: $14.62
  • 50 Day Moving Average: $14.36
  • 200 Day Moving Average: $13.21
  • Trailing P/E Ratio: 10.66
  • Foreward P/E Ratio: 9.37
  • P/E Growth: 1.33
  • Market Cap: $1.12B
  • Outstanding Shares: 76,934,000
  • Beta: 0.84
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 (5.75% upside)

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 8/25/2014 forward)

Earnings

Earnings History for Redwood Trust (NYSE:RWT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2016        
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: $1.35 EPS
Next Year EPS Consensus Estimate: $1.56 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:7.66%
Payout Ratio:85.50% (Based on Trailing 12 Months of Earnings)
82.96% (Based on Current Year Consensus EPS Estimate)
71.79% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:3.80% (3 Year Average)

Dividend History for Redwood Trust (NYSE:RWT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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
mysmartrend.com logoRedwood Trust Up 33.1% Since SmarTrend Uptrend Call (RWT) (NYSE:RWT)
www.mysmartrend.com - August 25 at 12:18 PM
mysmartrend.com logoRedwood Trust Has Returned 32.2% Since SmarTrend Recommendation (RWT) (NYSE:RWT)
www.mysmartrend.com - August 17 at 7:36 PM
capitalcube.com logoRedwood Trust, Inc. :RWT-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NYSE:RWT)
www.capitalcube.com - August 12 at 7:20 PM
4-traders.com logoRedwood : beats 2Q profit forecasts (NYSE:RWT)
www.4-traders.com - August 9 at 7:32 PM
prnewswire.com logoRedwood Trust Declares $0.28 Per Share Dividend For The Third Quarter Of 2016 (NYSE:RWT)
www.prnewswire.com - August 9 at 7:32 PM
nasdaq.com logoRedwood Trust, Inc. Q2 Earnings Advance 48% (NYSE:RWT)
www.nasdaq.com - August 9 at 7:32 PM
seekingalpha.com logoRedwood Trust's (RWT) CEO Marty Hughes on Q2 2016 Results - Earnings Call Transcript (NYSE:RWT)
seekingalpha.com - August 9 at 7:32 PM
sg.finance.yahoo.com logoRedwood Trust beats 2Q profit forecasts (NYSE:RWT)
sg.finance.yahoo.com - August 8 at 7:27 PM
biz.yahoo.com logoQ2 2016 Redwood Trust Inc Earnings Release - 4:15 pm ET (NYSE:RWT)
biz.yahoo.com - August 8 at 11:59 AM
publicnow.com logoRedwood Trust Announces Timing For Second Quarter 2016 Earnings Release And Earnings Call (NYSE:RWT)
www.publicnow.com - August 1 at 6:59 PM
4-traders.com logoRedwood : Mortgage Partnership Finance® Program and Redwood Trust Raise Loan Limits and Expand Loan Eligibility for MPF® Direct Product (NYSE:RWT)
www.4-traders.com - July 19 at 7:23 PM
finance.yahoo.com logoMortgage Partnership Finance® Program and Redwood Trust Raise Loan Limits and Expand Loan Eligibility for MPF® Direct Product (NYSE:RWT)
finance.yahoo.com - July 18 at 12:40 PM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bearish Manner : RWT-US : July 8, 2016 (NYSE:RWT)
www.capitalcube.com - July 8 at 8:22 AM
nasdaq.com logoThis Stock Has A 8.35% Yield, Sells For Less Than Book, and Insiders Have Been Buying (NYSE:RWT)
www.nasdaq.com - June 29 at 7:06 PM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bearish Manner : RWT-US : June 27, 2016 (NYSE:RWT)
www.capitalcube.com - June 27 at 10:41 AM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:RWT)
biz.yahoo.com - June 3 at 4:35 PM
publicnow.com logoRedwood Trust to Present at the KBW Mortgage Finance Conference (NYSE:RWT)
www.publicnow.com - May 23 at 4:46 PM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Regulation FD Disclosure (NYSE:RWT)
biz.yahoo.com - May 23 at 4:20 PM
finance.yahoo.com logoRedwood Trust upgraded by Nomura (NYSE:RWT)
finance.yahoo.com - May 18 at 7:05 AM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:RWT)
biz.yahoo.com - May 17 at 4:17 PM
publicnow.com logoRedwood Trust Declares $0.28 Per Share Dividend For The Second Quarter Of 2016 (NYSE:RWT)
www.publicnow.com - May 16 at 4:52 PM
capitalcube.com logoETF’s with exposure to Redwood Trust, Inc. : May 12, 2016 (NYSE:RWT)
www.capitalcube.com - May 12 at 4:52 PM
capitalcube.com logoRedwood Trust, Inc. :RWT-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:RWT)
www.capitalcube.com - May 10 at 12:50 PM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 10-Q, Quarterly Report (NYSE:RWT)
biz.yahoo.com - May 9 at 6:04 AM
finance.yahoo.com logoEdited Transcript of RWT earnings conference call or presentation 5-May-16 9:00pm GMT (NYSE:RWT)
finance.yahoo.com - May 6 at 12:16 PM
sg.finance.yahoo.com logoRedwood Trust beats 1Q profit forecasts (NYSE:RWT)
sg.finance.yahoo.com - May 5 at 7:42 PM
News IconLatest Analyst Ratings For Redwood Trust, Inc. (NYSE:RWT) - Share Trading News (NYSE:RWT)
www.sharetrading.news - April 29 at 11:17 AM
nasdaq.com logoRWT Crosses Above Key Moving Average Level (NYSE:RWT)
www.nasdaq.com - April 29 at 11:17 AM
News IconRedwood Trust, Inc. (NYSE:RWT) Share Rating Recap - The Post (NYSE:RWT)
www.bibeypost.com - April 22 at 11:55 AM
News IconHow Many Redwood Trust, Inc. (NYSE:RWT)'s Analysts Are Bullish? - The Post (NYSE:RWT)
www.bibeypost.com - April 22 at 11:55 AM
News IconRedwood Trust, Inc. (NYSE:RWT) Updated Broker Ratings - Risers & Fallers (NYSE:RWT)
www.risersandfallers.com - April 22 at 11:55 AM
clintongazette.com logoRedwood Trust, Inc. (NYSE:RWT) Analyst Recommendation Outlook - Clinton Financial (NYSE:RWT)
www.clintongazette.com - April 12 at 2:43 PM
News IconEarnings Watch on Redwood Trust, Inc. (NYSE:RWT) - RiversideGazette.com (NYSE:RWT)
www.riversidegazette.com - April 12 at 2:43 PM
finance.yahoo.com logoWhy Did Mortgage Rates Ignore the Bond Market Rally? (NYSE:RWT)
finance.yahoo.com - April 12 at 11:07 AM
News IconBenchmark Capital Advisors buys $1.2 Million stake in Redwood Trust (RWT) - Los Angeles Mirror (NYSE:RWT)
www.losangelesmirror.net - April 9 at 1:52 PM
News IconAnalyst Review: Redwood Trust, Inc. (NYSE:RWT) - Risers & Fallers (NYSE:RWT)
www.risersandfallers.com - April 8 at 2:57 PM
News IconNews Review: istar Inc (STAR), Redwood Trust, Inc. (RWT) - News Oracle (NYSE:RWT)
www.newsoracle.com - April 2 at 2:41 PM
equities.com logoRedwood Trust Inc. (RWT) is Trading Higher on Unusual Volume for March 31 - Equities.com (NYSE:RWT)
www.equities.com - April 2 at 2:41 PM
equities.com logoRedwood Trust Inc. (RWT) is Trading Higher on Unusual Volume for March 31 (NYSE:RWT)
www.equities.com - April 2 at 2:41 PM
publicnow.com logoRedwood Trust Announces the Departure of Brett Nicholas (NYSE:RWT)
www.publicnow.com - March 28 at 9:22 AM
biz.yahoo.com logoREDWOOD TRUST INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure (NYSE:RWT)
biz.yahoo.com - March 28 at 9:01 AM
publicnow.com logoRedwood Trust Announces That Debora Horvath Has Joined Its Board of Directors (NYSE:RWT)
www.publicnow.com - March 25 at 9:38 AM
News IconAverage Analyst Rating Update on Redwood Trust, Inc. (NYSE:RWT ... - Business Standard Tribune (NYSE:RWT)
www.standardtrib.com - March 15 at 12:54 PM
News IconStocks Under Review: Navient Corp (NAVI), Redwood Trust, Inc. (RWT) - News Oracle (NYSE:RWT)
www.newsoracle.com - March 6 at 2:27 PM
finance.yahoo.com logoREDWOOD TRUST INC Financials (NYSE:RWT)
finance.yahoo.com - March 4 at 1:04 PM
thestreet.com logo3 Cheap Stocks on Their Best 'Behavior' (NYSE:RWT)
realmoney.thestreet.com - March 3 at 1:00 PM
feeds.benzinga.com logoRedwood Trust Gains 2%, CEO Bought 20,000 Shares (NYSE:RWT)
feeds.benzinga.com - March 2 at 1:23 PM
forbes.com logoTop Buys by Top Brass: Chief Executive Officer Hughes's $241.2K Bet on RWT (NYSE:RWT)
www.forbes.com - March 2 at 1:02 PM
capitalcube.com logoRedwood Trust, Inc. Earnings Analysis: 2015 By the Numbers (NYSE:RWT)
www.capitalcube.com - March 2 at 10:20 AM
capitalcube.com logoRedwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : February 29, 2016 (NYSE:RWT)
www.capitalcube.com - February 29 at 8:23 AM

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Redwood Trust (NYSE:RWT) Chart for Thursday, August, 25, 2016


Last Updated on 8/25/2016 by MarketBeat.com Staff