NYSE:RWT - Redwood Trust Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$16.64 +0.04 (+0.24 %)
(As of 06/19/2018 10:02 AM ET)
Previous Close$16.63
Today's Range$16.62 - $16.66
52-Week Range$14.29 - $17.45
Volume5,560 shs
Average Volume442,944 shs
Market Capitalization$1.25 billion
P/E Ratio11.94
Dividend Yield7.27%
Beta0.68
Redwood Trust logoRedwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities 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, and issued by third parties and other credit risk-related investments; and invests in residential loans held for investment and mortgage servicing rights associated with residential 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. It qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, the company 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.

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.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
SymbolNYSE:RWT
CUSIP75807540
Phone415-389-7373

Debt

Debt-to-Equity Ratio3.38
Current Ratio3.37
Quick Ratio3.37

Price-To-Earnings

Trailing P/E Ratio11.94
Forward P/E Ratio9.90
P/E GrowthN/A

Sales & Book Value

Annual Sales$338 million
Price / Sales3.73
Cash Flow$1.3333 per share
Price / Cash12.48
Book Value$15.72 per share
Price / Book1.06

Profitability

EPS (Most Recent Fiscal Year)$1.39
Net Income$140.40 million
Net Margins40.32%
Return on Equity12.20%
Return on Assets2.28%

Miscellaneous

Employees120
Outstanding Shares75,710,000

Redwood Trust (NYSE:RWT) Frequently Asked Questions

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 Tuesday, May 22nd. Stockholders of record on Friday, June 15th will be paid a dividend of $0.30 per share on Friday, June 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Redwood Trust's previous quarterly dividend of $0.28. View Redwood Trust's Dividend History.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) released its quarterly earnings data on Monday, May, 7th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.25. The real estate investment trust had revenue of $35 million for the quarter, compared to analysts' expectations of $35.97 million. Redwood Trust had a net margin of 40.32% and a return on equity of 12.20%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. View Redwood Trust's Earnings History.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Redwood Trust.

What price target have analysts set for RWT?

2 brokers have issued 12-month price objectives for Redwood Trust's shares. Their forecasts range from $17.00 to $17.00. On average, they expect Redwood Trust's share price to reach $17.00 in the next year. View Analyst Ratings for Redwood Trust.

Who are some of Redwood Trust's key competitors?

Who are Redwood Trust's key executives?

Redwood Trust's management team includes the folowing people:
  • Mr. Martin S. Hughes CPA, CEO & Director (Age 60)
  • Mr. Christopher J. Abate, Pres & Director (Age 38)
  • Mr. Collin Lee Cochrane CPA, Chief Financial Officer (Age 41)
  • Mr. Andrew P. Stone, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Garnet W. Kanouse, MD & Head of Residential (Age 45)

Has Redwood Trust been receiving favorable news coverage?

Media stories about RWT stock have been trending positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Redwood Trust earned a media sentiment score of 0.48 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 45.56 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.71%), Millennium Management LLC (3.58%), Northern Trust Corp (1.24%), Kempen Capital Management N.V. (1.13%), Global X Management Co. LLC (1.05%) and Hilton Capital Management LLC (0.82%). Company insiders that own Redwood Trust stock include Andrew P Stone and Karen R Pallotta. View Institutional Ownership Trends for Redwood Trust.

Which institutional investors are selling Redwood Trust stock?

RWT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., RMB Capital Management LLC, Kempen Capital Management N.V., California Public Employees Retirement System, Van ECK Associates Corp, BNP Paribas Arbitrage SA, Teacher Retirement System of Texas and A.R.T. Advisors LLC. View Insider Buying and Selling for Redwood Trust.

Which institutional investors are buying Redwood Trust stock?

RWT stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Citadel Advisors LLC, Global X Management Co. LLC, Schwab Charles Investment Management Inc., Brinker Capital Inc., Legal & General Group Plc, Susquehanna Fundamental Investments LLC and LSV Asset Management. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Redwood Trust's stock price today?

One share of RWT stock can currently be purchased for approximately $16.64.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $1.25 billion and generates $338 million in revenue each year. The real estate investment trust earns $140.40 million in net income (profit) each year or $1.39 on an earnings per share basis. Redwood Trust employs 120 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 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 (RWT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  222 (Vote Underperform)
Total Votes:  459
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 6/19/2018 by MarketBeat.com Staff

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.