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The latest update is out from Redwood ( (RWT) ).
On April 29, 2026, Redwood Trust reported first-quarter 2026 results showing a GAAP net loss of $7.3 million, or $0.07 per share, and a decline in GAAP book value per common share to $7.12 from $7.36 at year-end 2025. Despite the loss, non-GAAP Earnings Available for Distribution rose to $0.21 per share, again covering the $0.18 dividend, as management emphasized that volatility-driven valuation changes, rather than operating weakness, largely explain the gap between GAAP and distributable earnings.
The company delivered a third consecutive quarter of record mortgage banking production, with volume reaching $8.5 billion, up from $7.3 billion, supported by strong securitization activity and whole loan sales that helped maintain targeted gross margins in a volatile interest-rate environment. Segment results highlighted robust contributions from Sequoia mortgage banking and continued scaling of Aspire, partially offset by weaker results at CoreVest and negative marks in Redwood Investments, underscoring both the growth momentum in origination businesses and the earnings sensitivity of its investment portfolio to market conditions.
The most recent analyst rating on (RWT) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
Spark’s Take on RWT Stock
According to Spark, TipRanks’ AI Analyst, RWT is a Neutral.
The score is held down primarily by weak financial performance (losses, very high and rising leverage, and inconsistent cash generation) and bearish technicals (price below key moving averages with negative MACD). Offsetting these are a very high dividend yield and a constructive earnings-call outlook pointing to improving operating results and coverage of the dividend, though execution and funding/rate risks remain material.
To see Spark’s full report on RWT stock, click here.
More about Redwood
Redwood Trust, Inc. is a publicly traded real estate finance company listed on the NYSE under the ticker RWT and positioned as a leader in expanding access to housing for homebuyers and renters. The company focuses on mortgage banking through platforms including Sequoia, Aspire and CoreVest, as well as investment activities in residential and housing-related credit, targeting institutional investors seeking high-quality mortgage assets and consistent market access.
Average Trading Volume: 1,659,132
Technical Sentiment Signal: Buy
Current Market Cap: $718.7M
See more insights into RWT stock on TipRanks’ Stock Analysis page.