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Redwood Trust, Inc. (RWT)

Stock Price: $9.17 USD -0.06 (-0.65%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 1.03B
Revenue (ttm) -343.44M
Net Income (ttm) -587.00M
Shares Out 111.93M
EPS (ttm) -5.19
PE Ratio n/a
Forward PE 11.47
Dividend $0.56
Dividend Yield 6.11%

Stock Quote

Trading Day November 27
Last Price $9.17
Previous Close $9.23
Change ($) -0.06
Change (%) -0.65%
Day's Open 9.23
Day's Range 9.16 - 9.38
Day's Volume 994,003
52-Week Range 2.14 - 18.01

More Stats

Market Cap 1.03B
Enterprise Value 9.69B
Earnings Date (est) Feb 25, 2021
Ex-Dividend Date Sep 21, 2020
Shares Outstanding 111.93M
Float n/a
EPS (basic) -5.23
EPS (diluted) -5.19
FCF / Share -1.24
Dividend $0.56
Dividend Yield 6.11%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 9.51M
Short Ratio 6.21
Short % of Float n/a
Beta 1.14
PE Ratio n/a
Forward PE 11.47
P/FCF Ratio n/a
PS Ratio n/a
PB Ratio 0.98
Revenue -343.44M
Operating Income -476.27M
Net Income -587.00M
Free Cash Flow -140.20M
Net Cash -8.67B
Net Cash / Share -77.43
Gross Margin -98.84%
Operating Margin 138.68%
Profit Margin 170.90%
FCF Margin 40.82%
ROA -4.54%
ROE -41.36%
ROIC -2.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (6)

Buy 4
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$10.00*
(9.05% upside)
Low
9.00
Current: $9.17
High
12.00
Target: 10.00
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue30821422922418919128319972.98102
Revenue Growth44.3%-6.82%2.49%18.29%-1.19%-32.31%42.33%172.26%-28.24%-
Gross Profit30821422922418919128319972.98102
Operating Income19013115213591.7410118413325.2447.99
Net Income16912014013110210117313226.34110
Shares Outstanding10178.7276.7976.7582.9582.8481.9979.5378.2377.84
Earnings Per Share1.461.341.601.541.181.151.941.590.311.36
EPS Growth8.96%-16.25%3.9%30.51%2.61%-40.72%22.01%412.9%-77.21%-
Dividend Per Share1.201.181.121.121.121.121.121.001.001.00
Dividend Growth1.69%5.36%0%0%0%0%12%0%0%-
Operating Cash Flow-1,166-1,612-1,713-546-1,250-1,791-222-56317.8129.89
Free Cash Flow-1,166-1,612-1,713-546-1,250-1,791-222-56317.8129.89
Cash & Equivalents29120514722122627017481.4628271.46
Total Debt15,79810,3835,6784,1864,9324,5343,2823,2214,7073,945
Net Cash / Debt-15,507-10,177-5,531-3,964-4,706-4,263-3,109-3,140-4,425-3,874
Assets17,99511,9377,0405,4836,2205,9194,6094,4445,7435,144
Liabilities16,16810,5895,8284,3345,0744,6633,3633,3044,8514,068
Book Value1,8271,3491,2121,1491,1461,2561,2461,1408931,065
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Redwood Trust, Inc.
Country United States
Employees 372
CEO Christopher J. Abate

Stock Information

Ticker Symbol RWT
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REITā€”Mortgage
Unique Identifier NYSE: RWT
IPO Date August 4, 1995

Description

Redwood Trust, 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.