NYSE:RWT

Redwood Trust Stock Forecast, Price & News

$10.29
0.00 (0.00 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$10.28
Now: $10.29
$10.44
50-Day Range
$9.72
MA: $10.32
$10.82
52-Week Range
$3.03
Now: $10.29
$10.87
Volume706,200 shs
Average Volume1.23 million shs
Market Capitalization$1.15 billion
P/E RatioN/A
Dividend Yield6.22%
Beta1.02
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Lending, Business Purpose Lending, and Third-Party 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 offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Lending segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization or transfer into its investment portfolio. The Third-Party Investments segment invests in residential mortgage-backed securities issued by third parties, as well as in K-Series multifamily loan securitizations and SLST reperforming loan securitizations. This segment also offers servicer advance, and other residential and multifamily credit 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.
Redwood Trust logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP75807540
Phone415-389-7373
Employees247
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$622 million
Cash Flow$2.02 per share
Book Value$16.22 per share

Profitability

Net Income$169.18 million

Miscellaneous

Market Cap$1.15 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

Headlines

Wallace Weitz's Top 5 Trades of the 4th Quarter
February 12, 2021 |  finance.yahoo.com
Redwood Trust, Inc. Reports Drop In Q4 Earnings
February 10, 2021 |  nasdaq.com
Redwood Trust Reports Fourth Quarter 2020 Financial Results
February 10, 2021 |  finance.yahoo.com
Redwood Trust (RWT) Q4 Earnings Beat Estimates
February 10, 2021 |  finance.yahoo.com
Redwood Trust, Inc. to Host Earnings Call
February 10, 2021 |  finance.yahoo.com
Should You Buy Redwood Trust (RWT) Ahead of Earnings?
February 9, 2021 |  finance.yahoo.com
Redwood Trust (RWT) Passes Through 6% Yield Mark
January 22, 2021 |  nasdaq.com
Redwood Trust's Recovery Makes It Unattractive
December 20, 2020 |  seekingalpha.com
Is RWT A Good Investment Right Now?
December 15, 2020 |  finance.yahoo.com
Analyzing Redwood Trust's Ex-Dividend Date
December 15, 2020 |  benzinga.com
Notable Tuesday Option Activity: RWT, WDAY, SABR
November 24, 2020 |  nasdaq.com
See More Headlines

MarketRank

Overall MarketRank

1.90 out of 5 stars

Finance Sector

254th out of 1,955 stocks

Real Estate Investment Trusts Industry

47th out of 274 stocks

Analyst Opinion: 1.5Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$10.29
0.00 (0.00 %)
(As of 04/16/2021 12:00 AM ET)
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Redwood Trust (NYSE:RWT) Frequently Asked Questions

Is Redwood Trust a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Redwood Trust stock.
View analyst ratings for Redwood Trust
or view top-rated stocks.

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 past winning trading ideas 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, May 6th 2021.
View our earnings forecast for Redwood Trust
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) posted its earnings results on Thursday, July, 30th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.67. The real estate investment trust had revenue of $27 million for the quarter, compared to analysts' expectations of $36.20 million. Redwood Trust had a positive trailing twelve-month return on equity of 3.26% and a negative net margin of 91.29%. During the same quarter in the previous year, the company earned $0.39 EPS.
View Redwood Trust's earnings history
.

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

Redwood Trust's stock was trading at $15.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RWT stock has decreased by 34.8% and is now trading at $10.29.
View which stocks have been most impacted by COVID-19
.

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

Redwood Trust announced a quarterly dividend on Wednesday, March 10th. Stockholders of record on Wednesday, March 24th will be given a dividend of $0.16 per share on Wednesday, March 31st. This represents a $0.64 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Tuesday, March 23rd. This is a positive change from Redwood Trust's previous quarterly dividend of $0.14.
View Redwood Trust's dividend history
.

Is Redwood Trust a good dividend stock?

Redwood Trust pays an annual dividend of $0.64 per share and currently has a dividend yield of 6.22%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Redwood Trust does not yet have a strock track record of dividend growth. The dividend payout ratio of Redwood Trust is 40.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Redwood Trust will have a dividend payout ratio of 76.19% in the coming year. This indicates that Redwood Trust may not be able to sustain their current dividend.
View Redwood Trust's dividend history.

What price target have analysts set for RWT?

7 Wall Street analysts have issued 12 month price targets for Redwood Trust's stock. Their forecasts range from $9.00 to $13.50. On average, they expect Redwood Trust's share price to reach $10.79 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for Redwood Trust
or view top-rated stocks among Wall Street analysts.

Who are Redwood Trust's key executives?

Redwood Trust's management team includes the following people:
  • Mr. Christopher J. Abate, CEO & Director (Age 41, Pay $3.05M)
  • Mr. Dashiell I. Robinson, Pres (Age 41, Pay $2.4M)
  • Mr. Collin Lee Cochrane CPA, Chief Financial Officer (Age 44, Pay $1.11M)
  • Mr. Andrew P. Stone, Exec. VP, Chief Legal Counsel & Sec. (Age 50, Pay $1.18M)
  • Mr. Fred J. Matera, MD & Head of Residential (Age 57, 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, Chief Human Resource Officer (Age 51)
  • Mr. Shoshone A. Stern, Head of Portfolio Strategy & Risk (Age 43)

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

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

Who are some of Redwood Trust's key competitors?

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 of Alaska Department of Revenue (0.07%), Everence Capital Management Inc. (0.02%) and Clear Street Markets LLC (0.01%). Company insiders that own Redwood Trust stock include Andrew P Stone, Fred Matera and Georganne Proctor.
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 State of Alaska Department of Revenue, and Clear Street Markets LLC.
View insider buying and selling activity for Redwood Trust
or view top insider-selling stocks.

Which institutional investors are buying Redwood Trust stock?

RWT stock was bought by a variety of institutional investors in the last quarter, including Everence Capital Management Inc..
View insider buying and selling activity for Redwood Trust
or or view top insider-buying stocks.

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 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 $10.29.

How much money does Redwood Trust make?

Redwood Trust has a market capitalization of $1.15 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.

How many employees does Redwood Trust have?

Redwood Trust employs 247 workers across the globe.

What is Redwood Trust's official website?

The official website for Redwood Trust is www.redwoodtrust.com.

Where are Redwood Trust's headquarters?

Redwood Trust is headquartered at ONE BELVEDERE PLACE SUITE 300, MILL VALLEY CA, 94941.

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 4/19/2021 by MarketBeat.com Staff
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