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Redwood Trust - RWT Stock Forecast, Price & News

$8.38
+0.08 (+0.96%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.30
$8.41
50-Day Range
$6.77
$9.40
52-Week Range
$6.57
$14.17
Volume
614,257 shs
Average Volume
1.55 million shs
Market Capitalization
$1.01 billion
P/E Ratio
22.05
Dividend Yield
11.08%
Price Target
$12.64

Redwood Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
50.9% Upside
$12.64 Price Target
Short Interest
Healthy
6.66% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
120.00%
From $0.55 to $1.21 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Finance Sector

68th out of 918 stocks

Real Estate Investment Trusts Industry

9th out of 195 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.

Wall Street Analyst Weigh In

RWT has been the topic of several analyst reports. TheStreet downgraded Redwood Trust from a "c" rating to a "d+" rating in a research report on Thursday, April 14th. JPMorgan Chase & Co. initiated coverage on Redwood Trust in a research report on Friday, May 13th. They set an "overweight" rating and a $11.50 target price on the stock. BTIG Research cut their target price on Redwood Trust from $11.50 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, June 9th. Credit Suisse Group dropped their price objective on Redwood Trust to $12.00 and set a "neutral" rating for the company in a report on Thursday, May 19th. Finally, JMP Securities dropped their price objective on Redwood Trust from $14.50 to $13.00 in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Redwood Trust has an average rating of "Moderate Buy" and an average price target of $12.64.

Redwood Trust Stock Up 1.0 %

Shares of RWT Stock traded up $0.08 during mid-day trading on Friday, hitting $8.38. The stock had a trading volume of 614,257 shares, compared to its average volume of 1,552,759. Redwood Trust has a 12-month low of $6.57 and a 12-month high of $14.17. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.84 and a beta of 1.07. The firm's 50-day moving average is $8.07 and its two-hundred day moving average is $9.57. The company has a debt-to-equity ratio of 8.39, a current ratio of 6.15 and a quick ratio of 6.82.

Redwood Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 23rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 10.98%. The ex-dividend date was Wednesday, June 22nd. Redwood Trust's dividend payout ratio is 242.11%.

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RWT Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Redwood Trust announces $125M stock buyback program
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares a shocking new forecast
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
Today
8/12/2022
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
$12.64
High Stock Price Forecast
$16.50
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+50.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$319.61 million
Pretax Margin
7.78%

Debt

Sales & Book Value

Annual Sales
$575 million
Cash Flow
$1.79 per share
Book Value
$10.46 per share

Miscellaneous

Free Float
118,107,000
Market Cap
$1.01 billion
Optionable
Optionable
Beta
1.07

Key Executives














RWT Stock - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 2 hold ratings, 4 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?

7 Wall Street analysts have issued 12-month price objectives for Redwood Trust's stock. Their RWT share price forecasts range from $10.50 to $16.50. On average, they predict the company's stock price to reach $12.64 in the next twelve months. This suggests a possible upside of 51.0% 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 the year. Since then, RWT shares have decreased by 36.5% and is now trading at $8.37.
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) posted its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 period last year, the business earned $0.40 earnings per share.

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

Redwood Trust announced a quarterly dividend on Thursday, June 9th. Shareholders of record on Thursday, June 23rd will be given a dividend of $0.23 per share on Thursday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Wednesday, June 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 11.16%. 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 76.03% 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 buyback program on Thursday, July 28th 2022, which allows the company to buyback $125,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is 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 a variety of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (1.30%), JPMorgan Chase & Co. (1.03%), Peregrine Capital Management LLC (0.99%), Principal Financial Group Inc. (0.62%), Van ECK Associates Corp (0.44%) and Beach Point Capital Management LP (0.42%). 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 $8.37.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $1.01 billion 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 8/12/2022 by MarketBeat.com Staff

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