Redwood Trust, Inc. (RWT)

NYSE: RWT · IEX Real-Time Price · USD
5.95
+0.05 (0.85%)
At close: Sep 27, 2022 4:00 PM
5.97
+0.02 (0.34%)
After-hours: Sep 27, 2022 4:25 PM EDT
0.85%
Market Cap 694.76M
Revenue (ttm) 238.30M
Net Income (ttm) 63.28M
Shares Out 116.77M
EPS (ttm) 0.39
PE Ratio 15.26
Forward PE 4.50
Dividend $0.92 (15.46%)
Ex-Dividend Date Sep 22, 2022
Volume 1,974,338
Open 5.99
Previous Close 5.90
Day's Range 5.89 - 6.16
52-Week Range 5.86 - 14.17
Beta 1.12
Analysts Buy
Price Target 10.97 (+84.4%)
Earnings Date Oct 25, 2022

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 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 w... [Read more...]

Industry Mortgage Real Estate Investment Trusts (REITs)
IPO Date Aug 4, 1995
CEO Christopher Abate
Employees 298
Stock Exchange NYSE
Ticker Symbol RWT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for RWT stock is "Buy." The 12-month stock price forecast is 10.97, which is an increase of 84.37% from the latest price.

Price Target
$10.97
(84.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Redwood Trust Names New Chief Investment Officer and Announces Transition of CoreVest Leadership Team

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Names New Chief Investment Officer and Announces Transition of CoreVest Leadership Team

1 day ago - Business Wire

Redwood Trust Announces Dividend of $0.23 Per Share for the Third Quarter of 2022

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 D...

2 weeks ago - Business Wire

Redwood Trust (RWT) Reports Q2 Loss, Lags Revenue Estimates

Redwood Trust (RWT) delivered earnings and revenue surprises of -152.38% and 27.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Redwood Trust Announces $125 Million Common Stock Repurchase Program

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST ANNOUNCES $125 MILLION COMMON STOCK REPURCHASE PROGRAM

1 month ago - Business Wire

Redwood Trust Reports Second Quarter 2022 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

1 month ago - Business Wire

Redwood Trust Announces Date of Second Quarter 2022 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 second ...

2 months ago - Business Wire

Redwood Trust Completes Previously Announced Acquisition of Riverbend Lending

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 it has complet...

2 months ago - Business Wire

CoreVest Completes $313 Million Single-Family Rental Securitization

NEW YORK--(BUSINESS WIRE)-- #CoreVest--CoreVest has closed its 21st overall securitization and the first to use blockchain technology and data aligned with the SASB ESG framework.

2 months ago - Business Wire

CoreVest Receives Inaugural Commercial Mortgage Special Servicer Ranking from DBRS Morningstar

NEW YORK--(BUSINESS WIRE)-- #CoreVest--CoreVest received the Special Servicer Ranking from DBRS Morningstar due to its successful performance managing loans over the years.

3 months ago - Business Wire

Redwood Trust Announces Dividend of $0.23 Per Share for the Second Quarter Of 2022

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST ANNOUNCES DIVIDEND OF $0.23 PER SHARE FOR THE SECOND QUARTER OF 2022

3 months ago - Business Wire

Redwood Trust Prices Upsized $200 Million Convertible Senior Notes Offering

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Prices Upsized $200 Million Convertible Senior Notes Offering

3 months ago - Business Wire

Redwood Trust Announces Offering of Convertible Senior Notes Due 2027

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Announces Offering of Convertible Senior Notes Due 2027

3 months ago - Business Wire

Redwood Trust (RWT) Q1 Earnings and Revenues Surpass Estimates

Redwood Trust (RWT) delivered earnings and revenue surprises of 7.69% and 24.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Redwood Trust Announces Strategic Acquisition of Riverbend Lending

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Announces Strategic Acquisition of Riverbend Lending

4 months ago - Business Wire

Redwood Trust Reports First Quarter 2022 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

4 months ago - Business Wire

Earnings Preview: Redwood Trust (RWT) Q1 Earnings Expected to Decline

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.

5 months ago - Zacks Investment Research

RWT Horizons Announces Q1'22 Investment Activity

MILL VALLEY, Calif.--(BUSINESS WIRE)--RWT Horizons, the venture investment arm of Redwood Trust, Inc. (NYSE: RWT) (“Redwood”), today announced five new investments completed during the first quarter of ...

5 months ago - Business Wire

Redwood Trust Announces Date of First Quarter 2022 Financial Results Webcast and Conference Call

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Announces Date of First Quarter 2022 Financial Results Webcast and Conference Call

5 months ago - Business Wire

Redwood Residential Launches New Products to Address Evolving Homeowner Needs

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 Redwood Reside...

5 months ago - Business Wire

Redwood Trust Announces Chief Investment Officer of RWT Horizons

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST ANNOUNCES CHIEF INVESTMENT OFFICER OF RWT HORIZONS; RYAN MCBRIDE TO TRANSITION INTO CHIEF INVESTMENT OFFICER ROLE FULL-TIME

5 months ago - Business Wire

REDWOOD TRUST ANNOUNCES DIVIDEND OF $0.23 PER SHARE FOR THE FIRST QUARTER OF 2022

MILL VALLEY, Calif. , March 14, 2022 /PRNewswire/ -- Redwood Trust, Inc.  (NYSE: RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced tha...

6 months ago - PRNewsWire

Redwood Trust (RWT) Lags Q4 Earnings Estimates

Redwood Trust (RWT) delivered earnings and revenue surprises of -14.71% and 30.20%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

REDWOOD TRUST REPORTS FOURTH QUARTER 2021 FINANCIAL RESULTS

MILL VALLEY, Calif., Feb. 9, 2022 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its finan...

7 months ago - PRNewsWire

Should You Buy Redwood Trust (RWT) Ahead of Earnings?

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

7 months ago - Zacks Investment Research

Redwood Trust (RWT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

7 months ago - Zacks Investment Research