Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Redwood Trust (RWT)
NYSE:RWT
Holding RWT?
Track your performance easily
RWT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.46 - $8.14
Previous Close$7.95
Volume727.18K
Average Volume (3M)882.23K
Market Cap
$1.05B
Enterprise Value$14.64B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$13.59B
Price to Earnings (P/E)49.9
Beta1.36
Next Earnings
Oct 30, 2024EPS Estimate
$0.14Next Dividend Ex-Date
Sep 23, 2024Dividend Yield7.92%
Share Statistics
EPS (TTM)0.16
Shares Outstanding132,215,757
10 Day Avg. Volume658,302
30 Day Avg. Volume882,227
Standard Deviation0.15
R-Squared0.31
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.91
Price to Sales (P/S)6.04
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue113.85
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$7.68Price Target Upside-3.88% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Redwood News
PremiumCompany Announcements
Redwood Trust Announces Dividend Increase and Optimistic Outlook
PremiumCompany Announcements
Redwood Trust’s Q2 2024 Financial Performance Unveiled
PremiumPre-Earnings
Is RWT a Buy, Before Earnings?
PremiumCompany Announcements
Redwood Trust Declares Q2 Dividends on Common and Preferred StockBulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst reiterates Market Outperform rating and sees a 45% potential price upside, reflecting confidence in the company's robust mortgage platform and earnings potential.
Market PositionRedwood Trust, Inc. is capitalizing on the evolving mortgage lending landscape and is expected to gain market share as banks adjust their strategies.
Strategic PartnershipsThe new CPP JV/facility adds meaningful earnings accretion plus a strong long-term strategic partner, positioning the company for growth.
Bears Say
Credit QualityThe bridge loan portfolio has been under pressure with higher funding costs and limited capital access, indicated by a delinquency rate of 7.3% and an REO pipeline of 5.7%.
Dividend CoverageEarnings Available for Distribution per share fell short of the quarterly dividend payout.
Earnings PerformanceEarnings available for distribution was below analyst and consensus estimates.
---
Ownership Overview
2.99% Insiders
22.55% Mutual Funds
39.80% Other Institutional Investors
34.66% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
RWT FAQ
What was Redwood Trust’s price range in the past 12 months?
Redwood Trust lowest stock price was $5.46 and its highest was $8.14 in the past 12 months.
What is Redwood Trust’s market cap?
Currently, no data Available
When is Redwood Trust’s upcoming earnings report date?
Redwood Trust’s upcoming earnings report date is Oct 30, 2024 which is in 40 days.
How were Redwood Trust’s earnings last quarter?
Redwood Trust released its earnings results on Aug 01, 2024. The company reported $0.1 earnings per share for the quarter, missing the consensus estimate of $0.122 by -$0.022.
Is Redwood Trust overvalued?
According to Wall Street analysts Redwood Trust’s price is currently Overvalued.
Does Redwood Trust pay dividends?
Redwood Trust pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 7.92%. See more information on Redwood Trust dividends here
What is Redwood Trust’s EPS estimate?
Redwood Trust’s EPS estimate is $0.14.
How many shares outstanding does Redwood Trust have?
Redwood Trust has 132,215,760 shares outstanding.
What happened to Redwood Trust’s price movement after its last earnings report?
Redwood Trust reported an EPS of $0.1 in its last earnings report, missing expectations of $0.122. Following the earnings report the stock price went down -2.751%.
Which hedge fund is a major shareholder of Redwood Trust?
Among the largest hedge funds holding Redwood Trust’s share is Gamco Investors, Inc. ET AL. It holds Redwood Trust’s shares valued at 1M.
---
Redwood Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$7.68 (-3.88% Downside)
$7.68 (-3.88% Downside)
Hedge Fund Trend
Increased
By 23.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 2.7%
Last 30 Days ▼ 2.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.29%
12-Months-Change
Fundamentals
Return on Equity
2.72%
Trailing 12-Months
Asset Growth
28.87%
Trailing 12-Months
Company Description
Redwood Trust
Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments: Investment Portfolio and Mortgage Banking. The Investment Portfolio segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations, as well as RMBS issued by third parties and other credit risk-related investments. The Mortgage Banking segment consists of operating a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.
---
RWT Company Deck
---
RWT Earnings Call
Q2 2024
0:00 / 0:00
---
RWT Stock 12 Month Forecast
Average Price Target
$7.68
▼(-3.88% Downside)
Technical Analysis
Best Analysts Covering RWT
1 Year
1 Year Success Rate
16/18 ratings generated profit
1 Year Average Return
+16.66%
assigned a buy rating 2 months ago
Copying Bose George's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +16.66% per trade.
---