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NYSE:RWT

Redwood Trust - RWT Stock Forecast, Price & News

$6.18
-0.33 (-5.07%)
(As of 09/26/2022 10:57 AM ET)
Add
Compare
Today's Range
$6.18
$6.48
50-Day Range
$6.51
$8.79
52-Week Range
$6.30
$14.17
Volume
78,486 shs
Average Volume
1.56 million shs
Market Capitalization
$743.28 million
P/E Ratio
16.26
Dividend Yield
14.13%
Price Target
$12.43

Redwood Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
90.9% Upside
$12.43 Price Target
Short Interest
Healthy
6.55% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.21mentions of Redwood Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
112.73%
From $0.55 to $1.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.09 out of 5 stars

Finance Sector

103rd out of 885 stocks

Real Estate Investment Trusts Industry

22nd out of 194 stocks

RWT stock logo

About Redwood Trust (NYSE:RWT) Stock

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. 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 incorporated in 1994 and is headquartered in Mill Valley, California.

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RWT Stock News Headlines

Redwood Trust (NYSE:RWT) Hits New 1-Year Low at $6.52
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Redwood Trust announces $125M stock buyback program
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
RWT Dividend Yield Pushes Above 9%
Relative Strength Alert For Redwood Trust
RWT Horizons Announces Q1’22 Investment Activity
See More Headlines
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RWT Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 6/30 Dividend
6/22/2022
Dividend Payable
6/30/2022
Ex-Dividend for 9/30 Dividend
9/22/2022
Today
9/26/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
75807540
Employees
298
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.43
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+101.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$319.61 million
Pretax Margin
7.78%

Debt

Sales & Book Value

Annual Sales
$575 million
Cash Flow
$1.67 per share
Book Value
$12.26 per share

Miscellaneous

Free Float
118,107,000
Market Cap
$743.28 million
Optionable
Optionable
Beta
1.08

Key Executives

  • Mr. Christopher J. Abate CPA (Age 42)
    CEO & Director
    Comp: $7.6M
  • Mr. Dashiell I. Robinson (Age 42)
    Pres & Director
    Comp: $6.75M
  • Ms. Brooke E. Carillo (Age 35)
    Chief Financial Officer
    Comp: $5.91M
  • Mr. Collin Lee Cochrane CPA (Age 45)
    Chief Accounting Officer
    Comp: $2.01M
  • Mr. Andrew P. StoneMr. Andrew P. Stone (Age 51)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $3.53M
  • Ms. Sasha G. MacomberMs. Sasha G. Macomber (Age 53)
    Chief Human Resource Officer
    Comp: $3.35M
  • Ms. Carlene A. Graham
    Chief Operating Officer
  • Mr. J. Thomas Richardson
    Chief Technology Officer
  • Kaitlyn Mauritz
    Sr. VP & Head of Investor Relations
  • Mr. Fred J. Matera (Age 58)
    MD & Head of Residential













RWT Stock - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RWT shares.
View RWT analyst ratings
or view top-rated stocks.

What is Redwood Trust's stock price forecast for 2022?

6 brokers have issued twelve-month price targets for Redwood Trust's shares. Their RWT share price forecasts range from $10.50 to $16.50. On average, they predict the company's share price to reach $12.43 in the next year. This suggests a possible upside of 90.9% from the stock's current price.
View analysts price targets for RWT
or view top-rated stocks among Wall Street analysts.

How have RWT shares performed in 2022?

Redwood Trust's stock was trading at $13.19 at the beginning of 2022. Since then, RWT shares have decreased by 50.6% and is now trading at $6.51.
View the best growth stocks for 2022 here
.

When is Redwood Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RWT earnings forecast
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) released its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a net margin of 9.49% and a trailing twelve-month return on equity of 9.08%. During the same quarter last year, the business posted $0.40 EPS.

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

Redwood Trust declared a quarterly dividend on Tuesday, September 13th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.23 per share on Friday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 14.13%. The ex-dividend date is Thursday, September 22nd.
Read our dividend analysis for RWT
.

Is Redwood Trust a good dividend stock?

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 14.13%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 242.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RWT will have a dividend payout ratio of 78.63% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RWT.

How will Redwood Trust's stock buyback program work?

Redwood Trust announced that its board has initiated a share repurchase program on Thursday, July 28th 2022, which permits the company to repurchase $125,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

What is Christopher Abate's approval rating as Redwood Trust's CEO?

10 employees have rated Redwood Trust Chief Executive Officer Christopher Abate on Glassdoor.com. Christopher Abate has an approval rating of 100% among the company's employees. This puts Christopher Abate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Redwood Trust own?
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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (3.56%), Clearbridge Investments LLC (1.30%), Northern Trust Corp (1.07%), JPMorgan Chase & Co. (1.03%), Peregrine Capital Management LLC (0.99%) and Goldman Sachs Group Inc. (0.81%). Insiders that own company stock include Andrew P Stone, Fred Matera, Georganne Proctor and Sasha G Macomber.
View institutional ownership trends
.

How do I buy shares of Redwood Trust?

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

What is Redwood Trust's stock price today?

One share of RWT stock can currently be purchased for approximately $6.51.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $782.97 million and generates $575 million in revenue each year. The real estate investment trust earns $319.61 million in net income (profit) each year or $0.38 on an earnings per share basis.

How many employees does Redwood Trust have?

The company employs 298 workers across the globe.

How can I contact Redwood Trust?

Redwood Trust's mailing address is ONE BELVEDERE PLACE SUITE 300, MILL VALLEY CA, 94941. The official website for the company is www.redwoodtrust.com. The real estate investment trust can be reached via phone at (415) 389-7373, via email at investorrelations@redwoodtrust.com, or via fax at 415-381-1773.

This page (NYSE:RWT) was last updated on 9/26/2022 by MarketBeat.com Staff

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