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Redwood Trust, Inc. (RWT)

Stock Price: $7.66 USD 0.54 (7.58%)
Updated Aug 11, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 880.44M
Revenue (ttm) -456.04M
Net Income (ttm) -694.50M
Shares Out 114.94M
EPS (ttm) -7.44
PE Ratio n/a
Forward PE 10.63
Dividend $0.50
Dividend Yield 6.53%

Stock Quote

Trading Day Aug 11, 2020
Last Price $7.66
Previous Close $7.12
Change ($) 0.54
Change (%) 7.58%
Day's Open 7.60
Day's Range 7.53 - 7.92
Day's Volume 5,994,869
52-Week Range 2.14 - 18.01

More Stats

Market Cap 880.44M
Enterprise Value 9.56B
Earnings Date (est) Nov 9, 2020
Ex-Dividend Date Jun 19, 2020
Shares Outstanding 114.94M
Float 113.93M
EPS (basic) -6.11
EPS (diluted) -7.44
FCF / Share -4.82
Dividend $0.50
Dividend Yield 6.53%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 12.04M
Short Ratio 4.35
Short % of Float 17.36%
Beta 1.21
PE Ratio n/a
Forward PE 10.63
P/FCF Ratio n/a
PS Ratio n/a
PB Ratio 0.83
Revenue -456.04M
Operating Income -602.95M
Net Income -694.50M
Free Cash Flow -551.50M
Net Cash -8.68B
Net Cash / Share -75.55
Gross Margin -71.70%
Operating Margin 132.22%
Profit Margin 147.50%
FCF Margin 120.93%
ROA -5.74%
ROE -55.56%
ROIC -2.80%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 1
Overweight 1
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$7.62*
(-0.52% downside)
Low
7.00
Current: $7.66
High
8.00
Target: 7.62
*Average 12-month price target from 4 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 REIT—Mortgage
Unique Identifier NYSE: RWT
IPO Date August 4, 1995

Description

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.