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NYSE:RWT

Redwood Trust Stock Forecast, Price & News

$7.98
-0.02 (-0.25 %)
(As of 09/18/2020 12:00 AM ET)
Add
Compare
Today's Range
$7.90
Now: $7.98
$8.17
50-Day Range
$6.75
MA: $7.16
$8.00
52-Week Range
$2.14
Now: $7.98
$18.01
Volume2.77 million shs
Average Volume3.38 million shs
Market Capitalization$917.26 million
P/E RatioN/A
Dividend Yield6.25%
Beta1.14
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: 1.4Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 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$1.90 per share
Book Value$16.22 per share

Profitability

Net Income$169.18 million
Net Margins-103.58%

Miscellaneous

Employees149
Market Cap$917.26 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$7.98
-0.02 (-0.25 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Redwood Trust (NYSE:RWT) Frequently Asked Questions

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

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 49.4% and is now trading at $7.98.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 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 data on Thursday, July, 30th. The real estate investment trust reported $1.00 EPS for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.67. The real estate investment trust earned $27 million during the quarter, compared to analysts' expectations of $36.20 million. Redwood Trust had a positive return on equity of 3.41% and a negative net margin of 103.58%. During the same quarter in the previous year, the firm posted $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 announced a quarterly dividend on Friday, September 11th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.14 per share on Tuesday, September 29th. This represents a $0.56 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Monday, September 21st. This is a boost from Redwood Trust's previous quarterly dividend of $0.13.
View Redwood Trust's dividend history
.

What price target have analysts set for RWT?

4 Wall Street analysts have issued 1 year target prices for Redwood Trust's stock. Their forecasts range from $5.00 to $10.00. On average, they expect Redwood Trust's stock price to reach $7.63 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts' price targets for Redwood Trust
.

Are investors shorting Redwood Trust?

Redwood Trust saw a drop in short interest in August. As of August 31st, there was short interest totaling 11,140,000 shares, a drop of 11.9% from the August 15th total of 12,650,000 shares. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is presently 4.7 days.
View Redwood Trust's Short Interest
.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.07%), Charles Schwab Investment Management Inc. (0.94%), Principal Financial Group Inc. (0.76%), Principal Financial Group Inc. (0.76%), Nuveen Asset Management LLC (0.56%) and WINTON GROUP Ltd (0.55%). 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 Vanguard Group Inc., First Trust Advisors LP, Prudential Financial Inc., Stifel Financial Corp, Russell Investments Group Ltd., Montag A & Associates Inc., Magnus Financial Group LLC, and DC Investments Management LLC.
View insider buying and selling activity for Redwood Trust
.

Which major investors are buying Redwood Trust stock?

RWT stock was acquired by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, UBS Group AG, Gamco Investors INC. ET AL, Nisa Investment Advisors LLC, Charles Schwab Investment Management Inc., Corriente Advisors LLC, RMB Capital Management LLC, and Stelac Advisory Services 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 $7.98.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $917.26 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 9/18/2020 by MarketBeat.com Staff

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