NYSE:RWT - Redwood Trust Stock Price, News, & Analysis

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$16.53 +0.03 (+0.18 %)
(As of 11/19/2018 04:00 PM ET)
Previous Close$16.50
Today's Range$16.36 - $16.57
52-Week Range$14.32 - $17.50
Volume663,200 shs
Average Volume724,172 shs
Market Capitalization$1.37 billion
P/E Ratio11.89
Dividend Yield7.23%
Beta0.68
Redwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities in the United States. The company operates through two segments, Investment Portfolio and Residential Mortgage Banking. The Investment Portfolio segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations, and issued by third parties and other credit risk-related investments; and invests in residential loans held for investment and mortgage servicing rights associated with residential loans. The Residential Mortgage Banking segment operates a mortgage loan conduit, which acquires residential loans from third-party originators for sale, securitization, or transfer to investment portfolio. This segment also includes derivative financial instruments to manage risks associated with residential loans. It qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, the company intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was founded in 1994 and is headquartered in Mill Valley, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Current SymbolNYSE:RWT
Previous Symbol
CUSIP75807540
Phone415-389-7373

Debt

Debt-to-Equity Ratio4.54
Current Ratio4.63
Quick Ratio4.63

Price-To-Earnings

Trailing P/E Ratio11.89
Forward P/E Ratio9.34
P/E GrowthN/A

Sales & Book Value

Annual Sales$338 million
Price / Sales4.06
Cash Flow$1.3245 per share
Price / Cash12.48
Book Value$15.72 per share
Price / Book1.05

Profitability

EPS (Most Recent Fiscal Year)$1.39
Net Income$140.40 million
Net Margins35.10%
Return on Equity12.82%
Return on Assets2.10%

Miscellaneous

Employees120
Outstanding Shares82,960,000
Market Cap$1.37 billion
OptionableOptionable

Redwood Trust (NYSE:RWT) Frequently Asked Questions

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 Wednesday, November 7th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.30 per share on Friday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Thursday, December 13th. View Redwood Trust's Dividend History.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) posted its quarterly earnings data on Wednesday, November, 7th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.02. The real estate investment trust had revenue of $35 million for the quarter, compared to the consensus estimate of $37.57 million. Redwood Trust had a net margin of 35.10% and a return on equity of 12.82%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. View Redwood Trust's Earnings History.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Redwood Trust.

What price target have analysts set for RWT?

4 brokerages have issued twelve-month target prices for Redwood Trust's stock. Their forecasts range from $17.00 to $18.50. On average, they expect Redwood Trust's share price to reach $17.8333 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Price Targets for Redwood Trust.

What is the consensus analysts' recommendation for Redwood Trust?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Redwood Trust.

Has Redwood Trust been receiving favorable news coverage?

Media coverage about RWT stock has been trending somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Redwood Trust earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

Who are some of Redwood Trust's key competitors?

Who are Redwood Trust's key executives?

Redwood Trust's management team includes the folowing people:
  • Mr. Christopher J. Abate, CEO & Director (Age 38)
  • Mr. Dashiell I. Robinson, Pres (Age 38)
  • Mr. Collin Lee Cochrane CPA, Chief Financial Officer (Age 41)
  • Mr. Andrew P. Stone, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Garnet W. Kanouse, MD & Head of Residential (Age 45)

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.27%), Capital World Investors (7.09%), Hilton Capital Management LLC (1.41%), Mirae Asset Global Investments Co. Ltd. (1.12%), Victory Capital Management Inc. (0.97%) and Prudential Financial Inc. (0.80%). Company insiders that own Redwood Trust stock include Andrew P Stone, Horvath D Debora and Karen R Pallotta. View Institutional Ownership Trends for Redwood Trust.

Which institutional investors are selling Redwood Trust stock?

RWT stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Renaissance Technologies LLC, Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, LPL Financial LLC, TIAA FSB, White Pine Investment CO and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Redwood Trust.

Which institutional investors are buying Redwood Trust stock?

RWT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Mirae Asset Global Investments Co. Ltd., Philadelphia Financial Management of San Francisco LLC, Hilton Capital Management LLC, Prudential Financial Inc., Arizona State Retirement System, Rhumbline Advisers and SG Americas Securities LLC. Company insiders that have bought Redwood Trust stock in the last two years include Horvath D Debora and Karen R Pallotta. View Insider Buying and Selling for Redwood Trust.

How do I buy shares of Redwood Trust?

Shares of RWT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Redwood Trust's stock price today?

One share of RWT stock can currently be purchased for approximately $16.53.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $1.37 billion and generates $338 million in revenue each year. The real estate investment trust earns $140.40 million in net income (profit) each year or $1.39 on an earnings per share basis. Redwood Trust employs 120 workers across the globe.

What is Redwood Trust's official website?

The official website for Redwood Trust is http://www.redwoodtrust.com.

How can I contact Redwood Trust?

Redwood Trust's mailing address is ONE BELVEDERE PLACE SUITE 300, MILL VALLEY CA, 94941. The real estate investment trust can be reached via phone at 415-389-7373 or via email at [email protected]


MarketBeat Community Rating for Redwood Trust (NYSE RWT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  261 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  523
MarketBeat's community ratings are surveys of what our community members think about Redwood Trust and other stocks. Vote "Outperform" if you believe RWT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RWT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2018 by MarketBeat.com Staff

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