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Redwood Trust (RWT)
NYSE:RWT
Redwood (RWT) Stock Price & Analysis
829 Followers
RWT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.32 - $7.55
Previous Close$7.08
Volume1.23M
Average Volume (3M)957.50K
Market Cap
$935.64M
Enterprise Value$13.99B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$13.05B
Price to Earnings (P/E)105.4
Beta1.38
Next Earnings
Aug 01, 2024EPS Estimate
$0.12Last Dividend Ex-Date
Jun 21, 2024Dividend Yield9.04%
Share Statistics
EPS (TTM)0.07
Shares Outstanding132,152,786
10 Day Avg. Volume1,104,332
30 Day Avg. Volume957,503
Standard Deviation0.15
R-Squared0.31
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.77
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-0.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue137.72
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda1.08K
Forecast
1Y Price Target
$7.00Price Target Upside-1.96% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Redwood News
PremiumCompany Announcements
Redwood Trust Declares Q2 Dividends on Common and Preferred Stock
PremiumCompany Announcements
Redwood Trust First-Quarter 2024 Financial Performance Update
Bulls 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.
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Ownership Overview
2.99% Insiders
22.81% Mutual Funds
29.02% Other Institutional Investors
45.18% 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.
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RWT FAQ
What was Redwood Trust’s price range in the past 12 months?
Redwood Trust lowest stock price was $5.32 and its highest was $7.55 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 Aug 01, 2024 which is in 15 days.
How were Redwood Trust’s earnings last quarter?
Redwood Trust released its earnings results on Apr 30, 2024. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.086 by $0.124.
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 $0.16 which represents an annual dividend yield of 9.04%. See more information on Redwood Trust dividends here
What is Redwood Trust’s EPS estimate?
Redwood Trust’s EPS estimate is $0.12.
How many shares outstanding does Redwood Trust have?
Redwood Trust has 132,152,790 shares outstanding.
What happened to Redwood Trust’s price movement after its last earnings report?
Redwood Trust reported an EPS of $0.21 in its last earnings report, beating expectations of $0.086. Following the earnings report the stock price went up 11.874%.
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.
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Redwood Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.00 (-1.96% Downside)
$7.00 (-1.96% Downside)
Blogger Sentiment
Bullish
RWT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 222.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $93.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.4%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.58%
12-Months-Change
Fundamentals
Return on Equity
1.64%
Trailing 12-Months
Asset Growth
14.76%
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.
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RWT Company Deck
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RWT Earnings Call
Q1 2024
0:00 / 0:00
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RWT Stock 12 Month Forecast
Average Price Target
$7.00
▼(-1.96% Downside)
Technical Analysis
Best Analysts Covering RWT
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+13.22%
assigned a buy rating 3 months ago
Copying Bose George's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +13.22% per trade.
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