Log in

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

$6.21
+0.03 (+0.49 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$5.56
Now: $6.21
$6.93
50-Day Range
$2.59
MA: $14.39
$17.98
52-Week Range
$2.59
Now: $6.21
$18.01
Volume6.27 million shs
Average Volume5.16 million shs
Market Capitalization$710.11 million
P/E Ratio4.20
Dividend Yield20.71%
Beta0.63
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.
Read More
Redwood Trust logo

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$1.71 per share
Book Value$16.22 per share

Profitability

Net Income$169.18 million

Miscellaneous

Employees149
Market Cap$710.11 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

Receive RWT News and Ratings via Email

Sign-up to receive the latest news and ratings for RWT and its competitors with MarketBeat's FREE daily newsletter.


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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RWT stock has decreased by 60.6% and is now trading at $6.21. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Redwood Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 1 hold rating and 2 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, May 13th 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, February, 27th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.09. The real estate investment trust had revenue of $45 million for the quarter, compared to the consensus estimate of $40.25 million. Redwood Trust had a net margin of 24.07% and a return on equity of 11.00%. During the same period in the prior year, the business posted $0.39 EPS. 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 paid a dividend of $0.32 per share on Monday, March 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 20.61%. The ex-dividend date of this dividend 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?

3 Wall Street analysts have issued 1 year price objectives for Redwood Trust's shares. Their forecasts range from $10.00 to $18.00. On average, they expect Redwood Trust's stock price to reach $15.17 in the next twelve months. This suggests a possible upside of 144.2% from the stock's current price. View analysts' price targets for Redwood Trust.

Has Redwood Trust been receiving favorable news coverage?

Media headlines about RWT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Redwood Trust earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. 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 number of retail and institutional investors. Top institutional investors include State Street Corp (3.22%), Geode Capital Management LLC (1.27%), Norges Bank (1.24%), Boston Partners (1.22%), Charles Schwab Investment Management Inc. (0.83%) and Principal Financial Group Inc. (0.79%). 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 major investors are selling Redwood Trust stock?

RWT stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Cubist Systematic Strategies LLC, Jane Street Group LLC, Russell Investments Group Ltd., Arizona State Retirement System, Denali Advisors LLC, Victory Capital Management Inc., and Victory Capital Management Inc.. View insider buying and selling activity for Redwood Trust.

Which major investors are buying Redwood Trust stock?

RWT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, Kennedy Capital Management Inc., Ellington Management Group LLC, Vestcor Investment Management Corp, Geode Capital Management LLC, Great West Life Assurance Co. Can, and Sculati Wealth Management LLC. 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 $6.21.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $710.11 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. View additional information about Redwood Trust.

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:  350 (Vote Outperform)
Underperform Votes:  344 (Vote Underperform)
Total Votes:  694
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 3/28/2020 by MarketBeat.com Staff

Featured Article: Analyst Ratings Trading

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel