Redwood Trust, Inc. (RWT)
| Market Cap | 895.45M |
| Revenue (ttm) | 268.36M |
| Net Income (ttm) | 70.61M |
| Shares Out | 132.27M |
| EPS (ttm) | 0.55 |
| PE Ratio | 12.41 |
| Forward PE | 8.58 |
| Dividend | $0.68 (10.04%) |
| Ex-Dividend Date | Sep 23, 2024 |
| Volume | 1,295,609 |
| Open | 6.60 |
| Previous Close | 6.64 |
| Day's Range | 6.60 - 6.84 |
| 52-Week Range | 5.46 - 8.15 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 7.98 (+17.87%) |
| Earnings Date | Feb 18, 2025 |
About RWT
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer 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 man... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for RWT stock is "Buy." The 12-month stock price forecast is $7.98, which is an increase of 17.87% from the latest price.
News
Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of...
Redwood Trust, Inc. (RWT) Q3 2024 Earnings Call Transcript
Redwood Trust, Inc. (NYSE:RWT) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz – Head of Investor Relations Chris Abate – Chief Executive Officer Das...
Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency Opportunities
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring...
Redwood Trust Reports Third Quarter 2024 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results...
Redwood Trust Announces Date of Third Quarter 2024 Financial Results Webcast and Conference Call
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third...
Redwood Trust Prices Reopening of $40 Million of 7.75% Convertible Senior Notes Due 2027
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% conve...
Redwood Trust Series A Preferred: Harvesting A Progressively Scarce 10% Yield-To-Call
The Fed's pivot from raising to cutting rates has reduced discounts on fixed-to-floating rate preferred stocks, prompting a reevaluation of Redwood Trust 10.0% Series A Preferred (RWT.PR.A). Fixed-to-...
Redwood Trust Preferred A: Bonds Are More Attractive Than Preferred Shares For This REIT
Redwood Trust's Series A preferred shares offer a 10% coupon but are subordinate to debentures, making them riskier in a restructuring scenario. The REIT's heavy near-term debt load and low earnings d...
Redwood Trust Announces Common Dividend Increase of 6.25% to $0.17 Per Share for the Third Quarter 2024
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of...
Redwood Trust, Inc. (RWT) Q2 2024 Earnings Call Transcript
Redwood Trust, Inc. (NYSE:RWT) Q2 2024 Results Conference Call August 1, 2024 8:00 AM ET Company Participants Kaitlyn Mauritz - Head of Investor Relations Chris Abate - Chief Executive Officer Dash R...
Redwood Trust Reports Second Quarter 2024 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its fi...
Preferreds Weekly Review: Tight Spreads Drive Bond Issuance
We take a look at the action in preferreds and baby bonds through the first week of July and highlight some of the key themes we are watching. Preferreds market saw a solid week with a drop in Treasur...
Redwood Trust Announces Date of Second Quarter 2024 Financial Results Webcast and Conference Call
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its secon...
Redwood Trust Prices $85.0 Million Senior Notes Offering
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $85,000,000 aggregate principal amou...
Redwood Trust Declares Second Quarter 2024 Common and Preferred Dividends
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of...
Redwood Trust, Inc. (RWT) Q1 2024 Earnings Call Transcript
Redwood Trust, Inc. (NYSE:RWT) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executiv...
Redwood Trust Reports First Quarter 2024 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its fi...
Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference Call
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first...
Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered
Redwood Trust is paying out an 11.2% dividend yield to its common shareholders that's not currently being covered by earnings available for distribution. The mREIT has seen its book value decline by 2...
Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership
MILL VALLEY, Calif. & TORONTO--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan...
Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, announced that it will host its I...
Redwood Trust: 2 Good Income Options That Aren't The Common Shares
Redwood Trust specializes in mortgages and has faced challenges due to rising interest rates, causing a decrease in net interest income. The company has taken on risk and grown its balance sheet by in...
Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of...
Redwood Trust, Inc. (RWT) Q4 2023 Earnings Call Transcript
Redwood Trust, Inc. (RWT) Q4 2023 Earnings Call Transcript
Redwood Trust Reports Fourth Quarter 2023 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its fi...