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Redwood ( (RWT) ) just unveiled an announcement.
On February 13, 2025, Redwood Trust announced its financial results for the fourth quarter of 2024, revealing a GAAP net loss of $8.4 million and a decrease in book value per share. Despite the loss, the company saw a 5.9% increase in its quarterly dividend and achieved significant operational milestones, including increased loan distribution and securitization activities through its Sequoia and CoreVest segments. The company also successfully extended its debt maturity profile and enhanced its financing capacity, indicating strategic positioning for future growth in the housing finance market.
More about Redwood
Redwood Trust, Inc. is a specialty finance company that provides liquidity to segments of the U.S. housing market underserved by government programs. It operates in three segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, and Redwood Investments, focusing on customized housing credit investments through securitization platforms, whole-loan distribution, and publicly traded shares. Redwood also engages in venture investing and home equity investment options through its initiatives.
YTD Price Performance: -0.77%
Average Trading Volume: 966,908
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $853.4M
See more insights into RWT stock on TipRanks’ Stock Analysis page.
