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Redwood Trust - RWT Stock Forecast, Price & News

$7.61
+0.02 (+0.26%)
(As of 11/29/2022 04:34 PM ET)
Add
Compare
Today's Range
$7.52
$7.67
50-Day Range
$5.59
$7.71
52-Week Range
$5.51
$14.04
Volume
1.29 million shs
Average Volume
1.63 million shs
Market Capitalization
$862.59 million
P/E Ratio
N/A
Dividend Yield
12.12%
Price Target
$9.86

Redwood Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
29.4% Upside
$9.86 Price Target
Short Interest
Bearish
7.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
139.02%
From $0.41 to $0.98 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Finance Sector

267th out of 907 stocks

Real Estate Investment Trusts Industry

57th out of 193 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.

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RWT Stock News Headlines

Buy 13% Yielding Redwood Trust. It Just Ain't '08
Earnings Outlook For Redwood Trust
Redwood Trust Inc
Redwood Trust Reports Q3 Preliminary Results; Stock Up 5%
Redwood Trust PT Lowered to $7.50 at JPMorgan
Redwood Trust Inc RWT Stock Quote
Redwood Trust announces $125M stock buyback program
See More Headlines
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RWT Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 9/30 Dividend
9/22/2022
Dividend Payable
9/30/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

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
$9.86
High Stock Price Forecast
$11.50
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+29.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$319.61 million
Pretax Margin
-11.69%

Debt

Sales & Book Value

Annual Sales
$575 million
Cash Flow
$1.74 per share
Book Value
$12.26 per share

Miscellaneous

Free Float
111,310,000
Market Cap
$862.59 million
Optionable
Optionable
Beta
1.24

Key Executives

  • Mr. Christopher J. Abate CPA (Age 42)
    CEO & Director
    Comp: $7.6M
  • Mr. Dashiell I. Robinson (Age 42)
    Pres & Director
    Comp: $6.75M
  • Ms. Brooke E. Carillo (Age 35)
    Chief Financial Officer
    Comp: $5.91M
  • Mr. Collin Lee Cochrane CPA (Age 45)
    Chief Accounting Officer
    Comp: $2.01M
  • Mr. Andrew P. StoneMr. Andrew P. Stone (Age 51)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $3.53M
  • Ms. Sasha G. MacomberMs. Sasha G. Macomber (Age 53)
    Chief Human Resource Officer
    Comp: $3.35M
  • Ms. Carlene A. Graham
    Chief Operating Officer
  • Mr. Fred J. Matera (Age 58)
    MD, Head of Residential & Chief Investment Officer
  • Mr. J. Thomas Richardson
    Chief Technology Officer
  • Kaitlyn Mauritz
    Sr. VP & Head of Investor Relations













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 2023?

7 Wall Street analysts have issued 12 month target prices for Redwood Trust's shares. Their RWT share price forecasts range from $8.50 to $11.50. On average, they expect the company's stock price to reach $9.86 in the next year. This suggests a possible upside of 30.2% 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 start of the year. Since then, RWT shares have decreased by 42.6% and is now trading at $7.57.
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, February 8th 2023.
View our RWT earnings forecast
.

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) issued its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.02. Redwood Trust had a positive trailing twelve-month return on equity of 6.18% and a negative net margin of 10.78%. During the same quarter in the prior year, the company 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 Tuesday, September 13th. Investors of record on Friday, September 23rd will be paid a dividend of $0.23 per share on Friday, September 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 12.15%. The ex-dividend date of this dividend is Thursday, September 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 11.96%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for RWT.

How will Redwood Trust's stock buyback program work?

Redwood Trust announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 28th 2022, which permits the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 11.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.00%), Vanguard Group Inc. (11.02%), State Street Corp (3.85%), HBK Investments L P (0.00%), LSV Asset Management (2.05%) and Bank of New York Mellon Corp (1.22%). 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 $7.57.

How much money does Redwood Trust make?

Redwood Trust (NYSE:RWT) has a market capitalization of $858.06 million and generates $575 million in revenue each year. The real estate investment trust earns $319.61 million in net income (profit) each year or ($0.71) 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 11/29/2022 by MarketBeat.com Staff