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NYSE:RWT

Redwood Trust Stock Forecast, Price & News

$9.17
-0.06 (-0.65 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$9.16
Now: $9.17
$9.38
50-Day Range
$7.89
MA: $8.54
$9.57
52-Week Range
$2.14
Now: $9.17
$18.01
Volume994,000 shs
Average Volume2.98 million shs
Market Capitalization$1.03 billion
P/E RatioN/A
Dividend Yield6.11%
Beta1.07
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through four segments: Residential Lending, Business Purpose Lending, Multifamily Investments, and Third-Party Residential Investments. The Residential Lending 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 includes derivative financial instruments to manage risks associated with residential loans. The Business Purpose Lending segment operates a platform that originates and acquires business purpose residential loans for subsequent securitization or transfer into its investment portfolio. The Multifamily Investments segment invests in securities collateralized by multifamily mortgage loans, as well as in multifamily mortgages and related assets. The Third-Party Residential Investments segment invests in residential mortgage-backed securities issued by third parties, as well as in Freddie Mac SLST securitizations; and offers servicer advance and other residential credit investment services. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP75807540
Phone415-389-7373
Employees372

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$622 million
Cash Flow$1.91 per share
Book Value$16.22 per share

Profitability

Net Income$169.18 million
Net Margins-103.58%

Miscellaneous

Market Cap$1.03 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$9.17
-0.06 (-0.65 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Redwood Trust (NYSE:RWT) Frequently Asked Questions

How has Redwood Trust's stock price been impacted by COVID-19?

Redwood Trust's stock was trading at $15.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RWT shares have decreased by 41.9% and is now trading at $9.17.
View which stocks have been most impacted by COVID-19
.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Redwood Trust
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Redwood Trust?

Wall Street analysts have given Redwood Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Redwood Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Redwood Trust's next earnings date?

Redwood Trust is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Redwood Trust
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) issued its earnings results on Thursday, July, 30th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.67. The real estate investment trust earned $27 million during the quarter, compared to analysts' expectations of $36.20 million. Redwood Trust had a negative net margin of 103.58% and a positive return on equity of 3.41%. During the same quarter in the previous year, the firm earned $0.39 earnings per share.
View Redwood Trust's earnings history
.

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

Redwood Trust announced a quarterly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.14 per share on Tuesday, September 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Redwood Trust's previous quarterly dividend of $0.13.
View Redwood Trust's dividend history
.

What price target have analysts set for RWT?

5 equities research analysts have issued twelve-month price objectives for Redwood Trust's shares. Their forecasts range from $9.00 to $12.00. On average, they anticipate Redwood Trust's stock price to reach $9.90 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
View analysts' price targets for Redwood 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 40, Pay $3.05M)
  • Mr. Dashiell I. Robinson, Pres (Age 40, Pay $2.4M)
  • Mr. Collin Lee Cochrane CPA, Chief Financial Officer (Age 43, Pay $1.11M)
  • Mr. Andrew P. Stone, Exec. VP, Gen. Counsel & Sec. (Age 49, Pay $1.18M)
  • Mr. Fred J. Matera, Head of Residential Mortgage Banking & Director (Age 56, Pay $78.83k)
  • Ms. Carlene A. Graham, Chief Operating Officer
  • Mr. J. Thomas Richardson, Chief Technology Officer
  • Ms. Lisa Hartman, Sr. VP & Head of Investor Relations
  • Ms. Sasha G. Macomber, MD & Chief Human Resource Officer (Age 51)
  • Mr. Shoshone A. Stern, Head of Portfolio Strategy & Risk (Age 42)

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.24%), State Street Corp (4.90%), Charles Schwab Investment Management Inc. (1.00%), Principal Financial Group Inc. (0.72%), Public Sector Pension Investment Board (0.72%) and Thrivent Financial for Lutherans (0.28%). Company insiders that own Redwood Trust stock include Andrew P Stone, Fred Matera 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 Victory Capital Management Inc., Great West Life Assurance Co. Can, Thrivent Financial for Lutherans, Arrowstreet Capital Limited Partnership, Principal Financial Group Inc., Gamco Investors INC. ET AL, Great West Life Assurance Co. Can, and Advisor Partners LLC.
View insider buying and selling activity for Redwood Trust
.

Which major investors are buying Redwood Trust stock?

RWT stock was acquired by a variety of institutional investors in the last quarter, including Public Sector Pension Investment Board, State Street Corp, MKP Capital Management L.L.C., Cubist Systematic Strategies LLC, Connor Clark & Lunn Investment Management Ltd., TCW Group Inc., Fortis Group Advisors LLC, and Squarepoint Ops 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 $9.17.

How big of a company is Redwood Trust?

Redwood Trust has a market capitalization of $1.03 billion 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 372 workers across the globe.

What is Redwood Trust's official website?

The official website for Redwood Trust is 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]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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