Redwood Trust, Inc. RWT
Set alert
At close · Oct 30
After hours · Oct 30, 7:43 PM ET
- YTD
- -43.40%
- 1 year
- -41.39%
- Open
- 3.23
- Prev close
- 3.23
- Mkt cap
- 393.17M
- Vol
- 2.57M
- Avg vol
- 4.15M
- EPS
- -0.05
- P/E
- 0.00
- Div yield
- 10.64%
More statistics
- Low
- 3.10
- High
- 3.24
- Forward P/E
- 7.64
- Beta
- 1.63
- Short ratio
- 4.45
- Inst. own
- 81.36%
- Dividend
- 0.72
- Ex-div date
- Dec 22, 2024
- 50-d avg
- 7.22
- 200-d avg
- 6.86
- 1y target
- 8.28
Key statistics
- Market cap
- 858.41M
- Enterprise value
- 17.34B
- Trailing P/E
- 11.59
- Forward P/E
- 7.64
- PEG ratio
- 0.00
- Price / sales
- 3.20
- Price / book
- 0.74
- EPS (TTM)
- 0.56
- Beta
- 1.63
- Dividend yield
- 10.64%
- Payout ratio
- 116.07%
- Profit margin
- 30.43%
- Revenue (TTM)
- 268.36M
- Revenue growth
- 548.20%
- Free cash flow
- 0
- Total cash
- 461.39M
- Total debt
- 16.84B
- Return on equity
- 7.01%
- Shares outstanding
- 132.27M
- Short % of float
- 3.70%
- 50-day average
- 7.22
- 200-day average
- 6.86
Analyst view
Consensus: buy
- Target (low)
- 7.00
- Target (mean)
- 8.28
- Target (high)
- 9.50
- Strong buy2
- Buy4
- Hold4
- Sell0
- Strong sell0
Next earnings
Consensus EPS estimate 0.1773.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Oct 30, 2024 | Sep 1, 2024 | 0.14 | 0.18 | +0.04 | +28.57% |
| Aug 1, 2024 | Jun 1, 2024 | 0.12 | 0.13 | +0.01 | +8.33% |
| Apr 30, 2024 | Mar 1, 2024 | 0.08 | 0.08 | 0.00 | 0.00% |
| Feb 20, 2024 | Dec 1, 2023 | 0.13 | 0.05 | -0.08 | -61.54% |
| Oct 30, 2023 | Sep 1, 2023 | 0.16 | 0.09 | -0.07 | -43.75% |
| Jul 27, 2023 | Jun 1, 2023 | 0.10 | 0.14 | +0.04 | +40.00% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 9, 2024 | JP Morgan | down | Overweight | Neutral |
| Oct 31, 2024 | Jones Trading | main | Buy | Buy |
| Oct 17, 2024 | JP Morgan | main | Overweight | Overweight |
| Oct 4, 2024 | JMP Securities | main | Market Outperform | Market Outperform |
| Sep 20, 2024 | Wells Fargo | main | Equal-Weight | Equal-Weight |
| Sep 19, 2024 | Raymond James | main | Strong Buy | Strong Buy |
About Redwood Trust, Inc.
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer 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 with residential loans. The Residential Investor Mortgage Banking segment operates a platform that originates business purpose loans to investors in single-family and multifamily residential properties and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential consumer and investor securitization activities, and business purpose lending bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company is elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Country
- United States
- Website
- redwoodtrust.com
News
- Redwood Trust (RWT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- RWTQ: Priced For Default, Time To Buy (Rating Upgrade)
- Citizens Maintains Market Outperform on Redwood Trust, Lowers Price Target to $4
- Redwood Trust Announces Date of Third Quarter 2026 Financial Results Webcast and Conference Call
- Piper Sandler Maintains Neutral on Redwood Trust, Lowers Price Target to $3.75
- Micron To Rally Around 187%? Here Are 10 Top Analyst Forecasts For Wednesday
- BTIG Maintains Buy on Redwood Trust, Lowers Price Target to $5
- Redwood Trust, Inc. (NYSE:RWT) Sees Significant Growth in Short Interest
- Bradley L. Radoff Urges Redwood Trust's Board of Directors to Explore a Sale
- Keefe, Bruyette & Woods Maintains Outperform on Redwood Trust, Lowers Price Target to $4.75
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ABATE CHRISTOPHER J | Chief Executive Officer | Conversion of Exercise of derivative security | Apr 15, 2024 | 394,729 |
| CARILLO BROOKE | Chief Financial Officer | Purchase | May 29, 2024 | 56,772 |
| DEBORA HORVATH D | Director | Conversion of Exercise of derivative security | Jun 4, 2024 | 0 |
| FALCON ARMANDO | Director | Conversion of Exercise of derivative security | Jun 4, 2024 | 16,810 |
| HANSEN DOUGLAS B | Director | Conversion of Exercise of derivative security | Jun 4, 2024 | 0 |
| MACOMBER SASHA G | Officer | Conversion of Exercise of derivative security | Apr 15, 2024 | 50,895 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 17.06% | 22,570,175 | 146.48M | Sep 29, 2024 |
| Vanguard Group Inc | 11.22% | 14,843,439 | 96.33M | Sep 29, 2024 |
| Wellington Management Group, LLP | 11.05% | 14,611,264 | 94.83M | Sep 29, 2024 |
| State Street Corporation | 3.92% | 5,189,667 | 33.68M | Sep 29, 2024 |
| Geode Capital Management, LLC | 2.30% | 3,038,438 | 19.72M | Sep 29, 2024 |
| Capital World Investors | 1.94% | 2,562,000 | 16.63M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | 6.38% | 8,433,431 | 54.73M | Oct 30, 2024 |
| Vanguard Total Stock Market Index Fund | 3.16% | 4,180,889 | 27.13M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.65% | 3,504,124 | 22.74M | Oct 30, 2024 |
| Vanguard Small-Cap Index Fund | 2.51% | 3,314,531 | 21.51M | Sep 29, 2024 |
| Smallcap World Fund | 1.94% | 2,562,000 | 16.63M | Sep 29, 2024 |
| Vanguard Small Cap Value Index Fund | 1.69% | 2,240,524 | 14.54M | Sep 29, 2024 |