About Redwood Trust (NYSE:RWT)
Redwood Trust, Inc., through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations. The Residential Mortgage Banking segment consists of operating a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. Its Commercial segment consists of investments in multi-family securities and commercial mortgage-backed securities, as well as a remaining commercial loan investment following the sale of the remainder of its commercial mezzanine loan portfolio.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: Mortgage REITs
- Symbol: NYSE:RWT
- CUSIP: 75807540
- Web: www.redwoodtrust.com
- Market Cap: $1.28323 billion
- Outstanding Shares: 77,116,000
- 50 Day Moving Avg: $16.38
- 200 Day Moving Avg: $16.80
- 52 Week Range: $13.57 - $17.45
Sales & Book Value:
- Trailing P/E Ratio: 9.73
- Foreward P/E Ratio: 11.40
- P/E Growth: 1.39
- Annual Revenue: $215.7 million
- Price / Sales: 5.95
- Book Value: $15.29 per share
- Price / Book: 1.09
- Annual Dividend: $1.12
- Dividend Yield: 6.7%
- Net Margins: 46.04%
- Return on Equity: 12.02%
- Return on Assets: 2.50%
- Debt-to-Equity Ratio: 2.57%
- Current Ratio: 3.01%
- Quick Ratio: 3.01%
- Average Volume: 342,182 shs.
- Beta: 0.87
- Short Ratio: 6.37
Frequently Asked Questions for Redwood Trust (NYSE:RWT)
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 declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 15th will be paid a dividend of $0.28 per share on Friday, September 29th. This represents a $1.12 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date is Thursday, September 14th. View Redwood Trust's Dividend History.
How were Redwood Trust's earnings last quarter?
Redwood Trust, Inc. (NYSE:RWT) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.02. The company had revenue of $60 million for the quarter, compared to analysts' expectations of $33.59 million. Redwood Trust had a net margin of 46.04% and a return on equity of 12.02%. During the same period last year, the business posted $0.48 EPS. View Redwood Trust's Earnings History.
When will Redwood Trust make its next earnings announcement?
Who are some of Redwood Trust's key competitors?
Some companies that are related to Redwood Trust include Invesco Mortgage Capital (IVR), Apollo Commercial Real Estate Finance (ARI), CYS Investments (CYS), Ladder Capital Corp (LADR), KKR Real Estate Finance Trust (KREF), PennyMac Mortgage Investment Trust (PMT), Capstead Mortgage Corporation (CMO), American Capital Mortgage Investment Corp. (MTGE), iStar Financial (STAR), Granite Point Mortgage Trust (GPMT), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC), Western Asset Mortgage Capital Corporation (WMC), Ares Commercial Real Estate Corporation (ACRE), Dynex Capital (DX), Great Ajax Corp. (AJX) and Cherry Hill Mortgage Investment Corporation (CHMI).
Who are Redwood Trust's key executives?
Redwood Trust's management team includes the folowing people:
- Richard D. Baum, Independent Chairman of the Board
- Christopher J. Abate, President
- Martin S. Hughes, Chief Executive Officer, Director
- Douglas B. Hansen Jr., Independent Vice Chairman of the Board
- Collin L. Cochrane, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Controller
- Andrew P. Stone, Executive Vice President, General Counsel, Secretary
- Dashiell I. Robinson, Executive Vice President
- Shoshone Bo Stern, Chief Investment Officer
- Kristin A. Brown, Vice President, IR Contact Officer
- Mariann H. Byerwalter, Independent Director
Who owns Redwood Trust stock?
Redwood Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Farmers & Merchants Investments Inc. (0.21%) and Eqis Capital Management Inc. (0.02%). Company insiders that own Redwood Trust stock include Andrew P Stone, Brett D Nicholas, Christopher J Abate, Fred Matera, Greg H Kubicek, Karen R Pallotta, Mariann H Byerwalter, Martin S Hughes and Richard Baum. View Institutional Ownership Trends for Redwood Trust.
Who sold Redwood Trust stock? Who is selling Redwood Trust stock?
Who bought Redwood Trust stock? Who is buying Redwood Trust stock?
Redwood Trust's stock was bought by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have bought Redwood Trust stock in the last two years include Greg H Kubicek, Karen R Pallotta and Martin S Hughes. View Insider Buying and Selling for Redwood Trust.
How do I buy Redwood Trust stock?
Shares of Redwood Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Redwood Trust's stock price today?
MarketBeat Community Rating for Redwood Trust (NYSE RWT)MarketBeat's community ratings are surveys of what our community members think about Redwood Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Redwood Trust stock can currently be purchased for approximately $16.64.
Consensus Ratings for Redwood Trust (NYSE:RWT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Redwood Trust (NYSE:RWT)
Analysts' Ratings History for Redwood Trust (NYSE:RWT)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/10/2016||Maxim Group||Downgrade||Buy -> Hold||N/A|
|7/19/2016||Keefe, Bruyette & Woods||Downgrade||Outperform -> Market Perform||$14.50||N/A|
|5/18/2016||Nomura||Upgrade||Neutral -> Buy||$14.00 -> $16.00||N/A|
|5/13/2016||Deutsche Bank AG||Lower Price Target||Buy||$18.00 -> $17.80||N/A|
|3/21/2016||Needham & Company LLC||Reiterated Rating||Neutral||$15.00 -> $14.00||N/A|
|3/19/2016||FBR & Co||Initiated Coverage||Hold||N/A|
Earnings History for Redwood Trust (NYSE:RWT)Earnings History by Quarter for Redwood Trust (NYSE RWT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.37||$0.35||$33.59 million||$60.00 million||View||Listen|
|5/4/2017||Q1 2017||$0.36||$0.36||$34.89 million||$62.00 million||View||Listen|
|2/23/2017||Q416||$0.36||$0.33||$39.19 million||$36.00 million||View||N/A|
|11/7/2016||Q316||$0.38||$0.39||$40.43 million||$73.00 million||View||Listen|
|8/8/2016||Q216||$0.37||$0.47||$35.60 million||$44.00 million||View||N/A|
|5/5/2016||Q1||$0.28||$0.44||$44.12 million||$38.00 million||View||N/A|
|2/25/2016||Q4||$0.26||$0.46||$42.35 million||$44.00 million||View||Listen|
|11/5/2015||Q315||$0.32||$0.22||$41.63 million||$40.00 million||View||N/A|
|8/5/2015||Q215||$0.40||$0.31||$42.71 million||$40.00 million||View||N/A|
|5/4/2015||Q115||$0.35||$0.16||$41.80 million||$40.00 million||View||N/A|
|2/23/2015||Q414||$0.35||$0.31||$40.03 million||$41.00 million||View||N/A|
|11/6/2014||Q3||$0.33||$0.50||$48.94 million||$40.00 million||View||N/A|
|8/7/2014||Q214||$0.28||$0.18||$43.47 million||$37.00 million||View||N/A|
|5/5/2014||Q1||$0.33||$0.14||$40.05 million||$36.00 million||View||N/A|
|10/31/2013||Q313||$0.18||$0.25||$39.11 million||$41.00 million||View||N/A|
Earnings Estimates for Redwood Trust (NYSE:RWT)
Current Year EPS Consensus Estimate: $1.39 EPS
Next Year EPS Consensus Estimate: $1.46 EPS
Current Dividend Information for Redwood Trust (NYSE:RWT)
|Most Recent Dividend:||9/29/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||64.00% (Trailing 12 Months of Earnings) |
80.58% (Based on This Year's Estimates)
76.71% (Based on Next Year's Estimates)
Dividend History by Quarter for Redwood Trust (NYSE RWT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Redwood Trust (NYSE:RWT)
Insider Ownership Percentage: 2.33%Insider Trades by Quarter for Redwood Trust (NYSE:RWT)
Institutional Ownership Percentage: 84.65%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/22/2017||Karen R Pallotta||Director||Buy||3,027||$16.53||$50,036.31|| |
|5/1/2017||Andrew P Stone||General Counsel||Sell||3,730||$17.24||$64,305.20|| |
|12/19/2016||Andrew P Stone||General Counsel||Sell||5,000||$15.30||$76,500.00|| |
|5/16/2016||Mariann H Byerwalter||Director||Sell||9,759||$13.27||$129,501.93|| |
|5/2/2016||Andrew P Stone||Insider||Sell||12,250||$12.79||$156,677.50|| |
|5/2/2016||Brett D Nicholas||President||Sell||5,786||$12.79||$74,002.94|| |
|5/2/2016||Christopher J Abate||CFO||Sell||7,622||$12.79||$97,485.38|| |
|5/2/2016||Richard Baum||Director||Sell||3,903||$12.79||$49,919.37|| |
|3/1/2016||Greg H Kubicek||Director||Buy||5,000||$12.07||$60,350.00|| |
|3/1/2016||Martin S Hughes||CEO||Buy||20,000||$12.06||$241,200.00|| |
|12/21/2015||Andrew P. Stone||General Counsel||Sell||1,029||$13.42||$13,809.18|| |
|12/21/2015||Brett D. Nicholas||President||Sell||549||$13.44||$7,378.56|| |
|12/21/2015||Christopher J. Abate||CFO||Sell||1,201||$13.43||$16,129.43|| |
|12/21/2015||Fred Matera||CIO||Sell||257||$13.44||$3,454.08|| |
|12/21/2015||Martin S. Hughes||CEO||Sell||1,381||$13.42||$18,533.02|| |
|5/4/2015||Andrew P Stone||General Counsel||Sell||7,498||$17.05||$127,840.90|| |
|5/4/2015||Brett D Nicholas||President||Sell||12,300||$17.04||$209,592.00|| |
|5/4/2015||Christopher J Abate||CFO||Sell||2,026||$17.05||$34,543.30|| |
|5/4/2015||Fred Matera||CIO||Sell||3,628||$17.05||$61,857.40|| |
|5/4/2015||Martin S Hughes||CEO||Sell||26,616||$17.05||$453,802.80|| |
|11/12/2014||Mariann H Byerwalter||Director||Sell||2,172||$19.81||$43,027.32|| |
|8/13/2014||Andrew P Stone||General Counsel||Sell||2,091||$19.05||$39,833.55|| |
|8/13/2014||Mariann H Byerwalter||Director||Sell||2,172||$19.17||$41,637.24|| |
|5/14/2014||Mariann Byerwalter||Director||Sell||2,173||$19.20||$41,721.60|| |
|5/1/2014||Andrew Stone||General Counsel||Sell||4,074||$21.45||$87,387.30|| |
|5/1/2014||Brett Nicholas||President||Sell||7,751||$21.45||$166,258.95|| |
|5/1/2014||Martin Hughes||CEO||Sell||17,144||$21.45||$367,738.80|| |
Headline Trends for Redwood Trust (NYSE:RWT)
Latest Headlines for Redwood Trust (NYSE:RWT)
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Redwood Trust (RWT) Chart for Sunday, October, 22, 2017