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Redwood Trust, Inc. (RWT)

Stock Price: $9.84 USD 0.12 (1.23%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
Market Cap 1.10B
Revenue (ttm) -343.44M
Net Income (ttm) -587.00M
Shares Out 113.40M
EPS (ttm) -5.12
PE Ratio n/a
Forward PE 10.25
Dividend $0.73
Dividend Yield 7.37%
Trading Day February 26
Last Price $9.84
Previous Close $9.72
Change ($) 0.12
Change (%) 1.23%
Day's Open 9.77
Day's Range 9.68 - 9.96
Day's Volume 1,193,295
52-Week Range 2.03 - 16.58

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GuruFocus - 2 weeks ago

Wallace Weitz (Trades, Portfolio), leader of Weitz Investment Management, disclosed this week that his firm's top five trades during the fourth quarter of 2020 included position reductions in ...

Other stocks mentioned: AON, FIS, KMX
Zacks Investment Research - 2 weeks ago

Redwood Trust (RWT) delivered earnings and revenue surprises of 23.81% and -19.20%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 2 weeks ago

Shares of Redwood Trust (NYSE:RWT) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 6.67% year over year to $0.42, which beat ...

PRNewsWire - 2 weeks ago

MILL VALLEY, Calif., Feb. 10, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for ...

Zacks Investment Research - 2 weeks ago

Redwood Trust (RWT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks Investment Research - 3 weeks ago

Redwood Trust (RWT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 4 weeks ago

MILL VALLEY, Calif., Jan. 28, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT), a leading innovator in housing credit investing, today announced tax information regarding its dividend dist...

24/7 Wall Street - 1 month ago

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Other stocks mentioned: SWN, CHRA, CMRE, MGY
PRNewsWire - 1 month ago

MILL VALLEY, Calif., Jan. 20, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT), a leading innovator in housing credit investing, today announced a business update for the quarter ended Dec...

PRNewsWire - 1 month ago

MILL VALLEY, Calif., Jan. 5, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) a leading innovator in housing credit investing, today announced that Chris Abate, Chief Executive Officer, Da...

Zacks Investment Research - 1 month ago

mREITs prospects for 2021 look encouraging backed by coronavirus relief packages and continued Fed purchases. Starwood (STWD), Two Harbors (TWO), Redwood (RWT), Invesco Mortgage (IVR) and Gran...

Other stocks mentioned: GPMT, IVR, STWD, TWO
Seeking Alpha - 2 months ago

RWT shares have rallied decently since my bull call in June. However, the outlook for mREITs in general - and RWT in particular - has deteriorated.

PRNewsWire - 2 months ago

MILL VALLEY, Calif., Dec. 7, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced that its Board of Directors authorized the declaration of a fourth quarter regular dividend of...

Seeking Alpha - 3 months ago

Redwood Trust, Inc. (RWT) CEO Chris Abate on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Redwood Trust (RWT) delivered earnings and revenue surprises of 92.31% and -43.52%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 3 months ago

MILL VALLEY, Calif., Oct. 29, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT), a leading innovator in housing credit investing, today reported its financial results for the quarter ended S...

Zacks Investment Research - 4 months ago

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 5 months ago

MILL VALLEY, Calif., Sept. 17, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT), a leading innovator in housing credit investing, today announced that Chris Abate, Chief Executive Officer, ...

PRNewsWire - 5 months ago

MILL VALLEY, Calif., Sept. 11, 2020 /PRNewswire/ -- Redwood Trust, Inc.

Forbes - 5 months ago

America’s in a dividend desert, and that’s forcing income hunters to get creative.

Other stocks mentioned: NRZ, RC
The Motley Fool - 6 months ago

The worst is over. Is it cheap enough to buy yet?

The Motley Fool - 6 months ago

Shares of mortgage REIT Redwood Trust got a boost from Raymond James today.

Seeking Alpha - 6 months ago

Redwood Trust, Inc. (RWT) CEO Chris Abate on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Redwood Trust (RWT) delivered earnings and revenue surprises of -109.09% and -25.41%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 6 months ago

MILL VALLEY, Calif., July 30, 2020 /PRNewswire/ -- Redwood Trust, Inc.

PRNewsWire - 7 months ago

MILL VALLEY, Calif., July 23, 2020 /PRNewswire/ -- Redwood Trust, Inc.

PRNewsWire - 8 months ago

MILL VALLEY, Calif., June 26, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced that it has appointed George W. Madison to its Board of Directors. Mr. Madison will join the ...

Zacks Investment Research - 8 months ago

Redwood Trust (RWT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research - 8 months ago

Investors need to pay close attention to Redwood Trust (RWT) stock based on the movements in the options market lately.

The Motley Fool - 8 months ago

The mortgage REIT continued to run higher on a mix of animal spirits and the fact that a bit of bad company news wasn't worse

PRNewsWire - 8 months ago

MILL VALLEY, Calif., June 11, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced that its Board of Directors authorized the declaration of a second quarter regular dividend o...

Seeking Alpha - 8 months ago

Why Redwood Trust Has Upside To $10+

The Motley Fool - 8 months ago

Optimism abounds for real estate investment trusts -- for now, at least.

Other stocks mentioned: GPMT, IVR, MFA, SRG
Benzinga - 9 months ago

Redwood Trust, Inc. (NYSE: RWT) shares are trading higher on Tuesday, after Raymond James maintained an Outperform rating on the stock and raised its target price from $5.50 to $7.

PRNewsWire - 9 months ago

MILL VALLEY, Calif., May 22, 2020 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT), a leading innovator in housing credit investing, today announced that due to the public health impact of the ...

Zacks Investment Research - 9 months ago

Investors need to pay close attention to Redwood Trust (RWT) stock based on the movements in the options market lately.

Seeking Alpha - 9 months ago

Redwood Trust, Inc. (RWT) CEO Chris Abate on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

Redwood Trust (RWT) is likely to have witnessed a decline in book value in Q1. Also, a decline in the fair value of investments is expected to have impacted its non-interest income.

Zacks Investment Research - 9 months ago

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Motley Fool - 9 months ago

Redwood Trust continued to get hammered even as most other stocks rebounded. It's not likely to get better anytime soon.

Zacks Investment Research - 10 months ago

Investors need to pay close attention to Redwood Trust (RWT) stock based on the movements in the options market lately.

The Motley Fool - 10 months ago

This group of high-yield stocks is having an atrocious day.

Other stocks mentioned: IVR, LADR, NLY, NRZ, TWO
The Motley Fool - 11 months ago

When gauging fallout from the coronavirus, Redwood's business model is more stable than a typical mortgage REIT's.

Seeking Alpha - 11 months ago

Redwood Trust's (RWT) CEO Chris Abate on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 11 months ago

Redwood Trust (RWT) delivered earnings and revenue surprises of 21.62% and 11.80%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 1 year ago

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Seeking Alpha - 1 year ago

Redwood Trust Inc. (RWT) CEO Christopher Abate on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Redwood Trust (RWT) delivered earnings and revenue surprises of -2.63% and -23.60%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 1 year ago

Redwood Trust Inc. (RWT) CEO Christopher Abate on Q2 2019 Results - Earnings Call Transcript

About RWT

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 asso... [Read more...]

Industry
REIT-Mortgage
IPO Date
Aug 4, 1995
CEO
Christopher Abate
Country
United States
Stock Exchange
NYSE
Ticker Symbol
RWT
Full Company Profile

Financial Performance

In 2019, Redwood Trust's revenue was $308.32 million, an increase of 44.30% compared to the previous year's $213.67 million. Earnings were $169.18 million, an increase of 41.46%.

Financial Statements

Analyst Forecasts

According to 7 analysts, the average rating for Redwood Trust stock is "Buy." The 12-month stock price forecast is 11.04, which is an increase of 12.20% from the latest price.

Price Target
$11.04
(12.20% upside)
Analyst Consensus: Buy