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NYSE:RWTRedwood Trust Stock Price, Forecast & News

$5.40
-0.15 (-2.70 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$5.35
Now: $5.40
$5.70
50-Day Range
$3.10
MA: $3.94
$5.55
52-Week Range
$2.14
Now: $5.40
$18.01
Volume4.45 million shs
Average Volume3.89 million shs
Market Capitalization$620.08 million
P/E RatioN/A
Dividend Yield23.70%
Beta1.07
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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Redwood Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.56 out of 5 stars


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$622 million
Cash Flow$1.65 per share
Book Value$6.32 per share

Profitability

Net Income$169.18 million
Net Margins-115.46%

Miscellaneous

Employees149
Market Cap$620.08 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Redwood Trust (NYSE:RWT) Frequently Asked Questions

How has Redwood Trust's stock been impacted by COVID-19 (Coronavirus)?

Redwood Trust's stock was trading at $15.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RWT shares have decreased by 65.8% and is now trading at $5.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Redwood Trust.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) released its quarterly earnings results on Thursday, February, 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The real estate investment trust earned $45 million during the quarter, compared to analysts' expectations of $40.25 million. Redwood Trust had a negative net margin of 115.46% and a positive return on equity of 5.08%. During the same quarter in the previous year, the business earned $0.39 earnings per share. View Redwood Trust's earnings history.

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

Redwood Trust declared a quarterly dividend on Thursday, February 27th. Shareholders of record on Monday, March 16th will be given a dividend of $0.32 per share on Monday, March 30th. This represents a $1.28 dividend on an annualized basis and a yield of 23.70%. The ex-dividend date is Friday, March 13th. This is a positive change from Redwood Trust's previous quarterly dividend of $0.30. View Redwood Trust's dividend history.

What price target have analysts set for RWT?

5 brokerages have issued 12-month target prices for Redwood Trust's stock. Their forecasts range from $5.00 to $18.00. On average, they expect Redwood Trust's share price to reach $10.80 in the next twelve months. This suggests a possible upside of 100.0% from the stock's current price. View analysts' price targets for Redwood Trust.

Has Redwood Trust been receiving favorable news coverage?

News coverage about RWT stock has trended very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Redwood Trust earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutRedwood Trust.

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 following 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)

What is Redwood Trust's stock symbol?

Redwood Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RWT."

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.12%), State Street Corp (4.67%), Capital World Investors (3.49%), Invesco Ltd. (1.93%), OCO Capital Partners L.P. (1.74%) and Geode Capital Management LLC (1.37%). Company insiders that own Redwood Trust stock include Andrew P Stone, Fred Matera, Horvath D Debora and Mariann H Byerwalter. View institutional ownership trends for Redwood Trust.

Which major investors are selling Redwood Trust stock?

RWT stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., BlackRock Inc., First Trust Advisors LP, Two Sigma Investments LP, and Envestnet Asset Management Inc.. View insider buying and selling activity for Redwood Trust.

Which major investors are buying Redwood Trust stock?

RWT stock was purchased by a variety of institutional investors in the last quarter, including OCO Capital Partners L.P., State Street Corp, Wolverine Asset Management LLC, Granahan Investment Management Inc. MA, Driehaus Capital Management LLC, Monarch Partners Asset Management LLC, Nuveen Asset Management LLC, and Geode Capital Management LLC. Company insiders that have bought Redwood Trust stock in the last two years include Fred Matera, and Horvath D Debora. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Redwood Trust's stock price today?

One share of RWT stock can currently be purchased for approximately $5.40.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $620.08 million and generates $622 million in revenue each year. The real estate investment trust earns $169.18 million in net income (profit) each year or $1.58 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 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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