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

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$16.22 +0.12 (+0.75 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$16.10
Today's Range$16.15 - $16.24
52-Week Range$14.29 - $17.50
Volume33,979 shs
Average Volume553,918 shs
Market Capitalization$1.57 billion
P/E Ratio9.11
Dividend Yield7.41%
Beta0.65
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company 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, as well as issued by third parties and other credit risk-related investments; and invests directly in residential mortgage 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. 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 founded in 1994 and is headquartered in Mill Valley, California.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP75807540
Phone415-389-7373

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$453 million
Cash Flow$1.8348 per share
Book Value$16.00 per share

Profitability

Net Income$119.60 million

Miscellaneous

Employees149
Market Cap$1.57 billion
Next Earnings Date8/6/2019 (Estimated)
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 announced a quarterly dividend on Thursday, May 16th. Stockholders of record on Friday, June 14th will be given a dividend of $0.30 per share on Friday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend is Thursday, June 13th. View Redwood Trust's Dividend History.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) released its quarterly earnings data on Wednesday, May, 8th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks' consensus estimate of $0.38 by $0.02. The real estate investment trust had revenue of $32 million for the quarter, compared to analyst estimates of $44.20 million. Redwood Trust had a return on equity of 10.86% and a net margin of 24.71%. The company's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. 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 Tuesday, August 6th 2019. View Earnings Estimates for Redwood Trust.

What price target have analysts set for RWT?

5 equities research analysts have issued 1-year target prices for Redwood Trust's stock. Their predictions range from $17.00 to $18.50. On average, they anticipate Redwood Trust's share price to reach $17.80 in the next year. This suggests a possible upside of 9.7% from the stock's current price. View Analyst Price Targets for Redwood Trust.

What is the consensus analysts' recommendation for Redwood Trust?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 1 hold rating and 4 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 stories about RWT stock have trended negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. 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 coverage optimism score of -2.9 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of Redwood Trust's key competitors?

What other stocks do shareholders of Redwood Trust own?

Who are Redwood Trust's key executives?

Redwood Trust's management team includes the folowing people:
  • Mr. Christopher J. Abate, CEO & Director (Age 39)
  • Mr. Dashiell I. Robinson, Pres (Age 39)
  • Mr. Collin Lee Cochrane CPA, Chief Financial Officer (Age 42)
  • Mr. Andrew P. Stone, Exec. VP, Gen. Counsel & Sec. (Age 48)
  • Mr. Garnet W. Kanouse, MD & Head of Residential (Age 46)

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.95%), Voya Investment Management LLC (1.50%), Northern Trust Corp (1.38%), Hilton Capital Management LLC (1.34%), Boston Partners (1.24%) and Blackstone Group L.P. (1.04%). Company insiders that own Redwood Trust stock include Andrew P Stone, Horvath D Debora and Mariann H Byerwalter. 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 The Manufacturers Life Insurance Company , Victory Capital Management Inc., Parametric Portfolio Associates LLC, California Public Employees Retirement System, Virginia Retirement Systems ET AL, Blair William & Co. IL, Quantamental Technologies LLC and Country Club Trust Company n.a.. Company insiders that have sold Redwood Trust company stock in the last year include Andrew P Stone and Mariann H Byerwalter. View Insider Buying and Selling for Redwood Trust.

Which institutional investors are buying Redwood Trust stock?

RWT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, Blackstone Group L.P., Kennedy Capital Management Inc., Marshall Wace LLP, Northern Trust Corp, Ellington Management Group LLC and Renaissance Technologies LLC. 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 $16.22.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $1.57 billion and generates $453 million in revenue each year. The real estate investment trust earns $119.60 million in net income (profit) each year or $1.78 on an earnings per share basis. Redwood Trust employs 149 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:  297 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  586
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 5/24/2019 by MarketBeat.com Staff

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