Should I buy or sell Redwood Trust stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RWT shares. View RWT analyst ratings or view top-rated stocks .

What is Redwood Trust's stock price target for 2024?

8 brokerages have issued twelve-month target prices for Redwood Trust's shares. Their RWT share price targets range from $6.50 to $8.50. On average, they anticipate the company's stock price to reach $7.64 in the next year. This suggests a possible upside of 35.6% from the stock's current price. View analysts price targets for RWT or view top-rated stocks among Wall Street analysts .

How have RWT shares performed in 2024?

Redwood Trust's stock was trading at $7.41 on January 1st, 2024. Since then, RWT stock has decreased by 24.0% and is now trading at $5.6350. View the best growth stocks for 2024 here .

When is Redwood Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our RWT earnings forecast .

How can I listen to Redwood Trust's earnings call?

Redwood Trust will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13744950".

How were Redwood Trust's earnings last quarter?

Redwood Trust, Inc. (NYSE:RWT) posted its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 5.21%. During the same period in the prior year, the company earned $0.40 earnings per share.

How often does Redwood Trust pay dividends? What is the dividend yield for Redwood Trust?

Redwood Trust announced a quarterly dividend on Thursday, March 7th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.16 per share on Thursday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 11.36%. The ex-dividend date is Wednesday, March 20th. Read our dividend analysis for RWT .

Is Redwood Trust a good dividend stock?

Redwood Trust (NYSE:RWT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 11.66%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for RWT .

What ETFs hold Redwood Trust's stock?

ETFs with the largest weight of Redwood Trust (NYSE:RWT) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN) , VanEck Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM) . Invesco S&P SmallCap 600 Pure Growth ETF (RZG) .

How will Redwood Trust's stock buyback program work?

Redwood Trust declared that its board has initiated a share repurchase plan on Thursday, July 28th 2022, which authorizes the company to repurchase $125,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

What is Christopher Abate's approval rating as Redwood Trust's CEO?

10 employees have rated Redwood Trust Chief Executive Officer Christopher Abate on Glassdoor.com . Christopher Abate has an approval rating of 100% among the company's employees. This puts Christopher Abate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Redwood Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Redwood Trust investors own include EnLink Midstream (ENLC) , Washington Prime Group (WPG) , New Residential Investment (NRZ) , Pennsylvania Real Estate Investment Trust (PEI) , DHT (DHT) , Gran Tierra Energy (GTE) , Golar LNG Partners (GMLP) , ADMA Biologics (ADMA) , Two Harbors Investment (TWO) and Enerplus (ERF) .

Who are Redwood Trust's major shareholders?

Redwood Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Kingswood Wealth Advisors LLC (0.01%). Insiders that own company stock include Andrew P Stone , Collin L Cochrane and Sasha G Macomber . View institutional ownership trends .

How do I buy shares of Redwood Trust?

Shares of RWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:RWT

Redwood Trust (RWT) Stock Price, News & Analysis

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Free RWT Stock Alerts

$5.64

+0.12 (+2.18%)

(As of 04/18/2024 ET)

Compare

Today's Range: $5.51
▼
$5.65
50-Day Range: $5.50
▼
$6.75
52-Week Range: $5.45
▼
$8.30

Volume: 961,482 shs
Average Volume: 1.48 million shs
Market Capitalization: $741.45 million

P/E Ratio: N/A
Dividend Yield: 11.36%
Price Target: $7.64

Get Redwood Trust alerts:

Redwood Trust MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 35.6% Upside
$7.64 Price Target
Short Interest: Healthy
4.43% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.32
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 37.50%
From $0.48 to $0.66 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.28 out of 5 stars

Finance Sector

234th out of 822 stocks

Real Estate Investment Trusts Industry

42nd out of 176 stocks

4.4

Analyst's Opinion

Consensus Rating
Redwood Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Redwood Trust has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.43% of the outstanding shares of Redwood Trust have been sold short.
Short Interest Ratio / Days to Cover
Redwood Trust has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Redwood Trust has recently increased by 19.96%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Redwood Trust is a leading dividend payer. It pays a dividend yield of 11.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Redwood Trust does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Redwood Trust will have a dividend payout ratio of 96.97% in the coming year. This indicates that Redwood Trust may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RWT.

2.4

News and Social Media Coverage

News Sentiment
Redwood Trust has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Redwood Trust this week, compared to 2 articles on an average week.
Search Interest
Only 13 people have searched for RWT on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
10 people have added Redwood Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Redwood Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.50% of the stock of Redwood Trust is held by insiders.
Percentage Held by Institutions
74.34% of the stock of Redwood Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Redwood Trust are expected to grow by 37.50% in the coming year, from $0.48 to $0.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redwood Trust is -46.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Redwood Trust is -46.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Redwood Trust has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Redwood Trust Stock (NYSE:RWT)

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.

RWT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RWT Stock News Headlines

April 18, 2024 | americanbankingnews.com

Redwood Trust (NYSE:RWT) Hits New 52-Week Low at $5.46

April 15, 2024 | seekingalpha.com

Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | americanbankingnews.com

Redwood Trust, Inc. to Post FY2024 Earnings of $0.50 Per Share, Wedbush Forecasts (NYSE:RWT)

April 13, 2024 | americanbankingnews.com

Redwood Trust (NYSE:RWT) Rating Lowered to Neutral at Wedbush

April 13, 2024 | americanbankingnews.com

Redwood Trust, Inc. (NYSE:RWT) Forecasted to Post Q1 2024 Earnings of $0.09 Per Share

April 11, 2024 | americanbankingnews.com

Keefe, Bruyette & Woods Cuts Redwood Trust (NYSE:RWT) Price Target to $7.25

April 11, 2024 | americanbankingnews.com

Redwood Trust (NYSE:RWT) Earns Market Outperform Rating from JMP Securities

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 22, 2024 | markets.businessinsider.com

Analysts Offer Insights on Real Estate Companies: Essex Property (ESS), Realty Income (O) and Redwood (RWT)

March 19, 2024 | markets.businessinsider.com

Redwood Trust Announces $750 Mln Capital Partnership With CPP Investments

March 19, 2024 | businesswire.com

Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership

March 16, 2024 | 247wallst.com

5 Sizzling Stocks Under $10 That Also Pay Ultra Yield Dividends

March 12, 2024 | businesswire.com

Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary

March 7, 2024 | businesswire.com

Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends

February 22, 2024 | finance.yahoo.com

Redwood Trust Full Year 2023 Earnings: Misses Expectations

February 21, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Real Estate Stocks: MFA Financial (MFA), Seven Hills Realty Trust (SEVN)

February 21, 2024 | finance.yahoo.com

Q4 2023 Redwood Trust Inc Earnings Call

February 20, 2024 | seekingalpha.com

Redwood Trust, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 20, 2024 | businesswire.com

Redwood Trust Reports Fourth Quarter 2023 Financial Results

February 19, 2024 | markets.businessinsider.com

Redwood Trust earnings preview: what to expect

February 19, 2024 | finance.yahoo.com

RWT- A Mortgage Finance Company with a Hefty Dividend Yield

February 18, 2024 | msn.com

Redwood Trust Q4 2023 Earnings Preview

February 16, 2024 | finance.yahoo.com

RWT Apr 2024 7.000 put

February 16, 2024 | finance.yahoo.com

RWT Jul 2024 7.000 put

February 15, 2024 | seekingalpha.com

RWT.PR.A Redwood Trust, Inc. 10% FXD RT PFD A

February 14, 2024 | 247wallst.com

7 Ultimate High-Yield Real Estate Dividend Stocks To Buy Now

See More Headlines

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Company Calendar

Last Earnings: 4/28/2022
Ex-Dividend for 3/28 Dividend: 3/20/2024
Dividend Payable: 3/28/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Current Symbol: NYSE:RWT
CUSIP: 75807540
CIK: 930236
Web: www.redwoodtrust.com
Phone: (415) 389-7373
Fax: 415-381-1773
Employees: 289
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.64
High Stock Price Target: $8.50
Low Stock Price Target: $6.50
Potential Upside/Downside: +35.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.12)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 11.71
P/E Growth: N/A
Net Income: $-2,270,000.00
Net Margins: -0.28%
Pretax Margin: -0.09%
Return on Equity: 5.21%
Return on Assets: 0.42%

Debt

Debt-to-Equity Ratio: 10.12
Current Ratio: 7.36
Quick Ratio: 7.36

Sales & Book Value

Annual Sales: $724 million
Price / Sales: 1.02
Cash Flow: $0.63 per share
Price / Cash Flow: 8.92
Book Value: $9.94 per share
Price / Book: 0.57

Miscellaneous

Outstanding Shares: 131,580,000
Free Float: 128,288,000
Market Cap: $739.48 million
Optionable: Optionable
Beta: 1.48

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Key Executives

Mr. Christopher J. Abate CPA (Age 44)
CEO & Director
Comp: $1.41M
Mr. Dashiell I. Robinson (Age 44)
President & Director
Comp: $1.38M
Ms. Brooke E. Carillo (Age 37)
Chief Financial Officer
Comp: $1.25M
Mr. Andrew P. Stone (Age 53)
Executive VP, Chief Legal Officer & Secretary
Comp: $723.01k
Ms. Sasha G. Macomber (Age 55)
Chief Human Resource Officer
Comp: $758.65k
Ms. Carlene A. Graham
Chief Operating Officer
Mr. Fred J. Matera (Age 60)
Co-Head of Business Purpose Lending & Chief Investment Officer
Comp: $45.03k
Mr. Collin Lee Cochrane CPA (Age 47)
Chief Accounting Officer
Comp: $2.01M
Ms. Kaitlyn J. Mauritz
MD & Head of Investor Relations
Mr. Tuan Q. Pham
MD & Head of Marketing

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RWT Stock Analysis - Frequently Asked Questions

Should I buy or sell Redwood Trust stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redwood Trust in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RWT shares.
View RWT analyst ratings or view top-rated stocks.
What is Redwood Trust's stock price target for 2024?: 8 brokerages have issued twelve-month target prices for Redwood Trust's shares. Their RWT share price targets range from $6.50 to $8.50. On average, they anticipate the company's stock price to reach $7.64 in the next year. This suggests a possible upside of 35.6% from the stock's current price.
View analysts price targets for RWT or view top-rated stocks among Wall Street analysts.
How have RWT shares performed in 2024?: Redwood Trust's stock was trading at $7.41 on January 1st, 2024. Since then, RWT stock has decreased by 24.0% and is now trading at $5.6350.
View the best growth stocks for 2024 here.
When is Redwood Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our RWT earnings forecast.
How can I listen to Redwood Trust's earnings call?: Redwood Trust will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13744950".
How were Redwood Trust's earnings last quarter?: Redwood Trust, Inc. (NYSE:RWT) posted its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.02. Redwood Trust had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 5.21%. During the same period in the prior year, the company earned $0.40 earnings per share.
How often does Redwood Trust pay dividends? What is the dividend yield for Redwood Trust?: Redwood Trust announced a quarterly dividend on Thursday, March 7th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.16 per share on Thursday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 11.36%. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for RWT.
Is Redwood Trust a good dividend stock?: Redwood Trust (NYSE:RWT) pays an annual dividend of $0.64 per share and currently has a dividend yield of 11.66%. RWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for RWT.

What ETFs hold Redwood Trust's stock?: ETFs with the largest weight of Redwood Trust (NYSE:RWT) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN), VanEck Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM).Invesco S&P SmallCap 600 Pure Growth ETF (RZG).
How will Redwood Trust's stock buyback program work?: Redwood Trust declared that its board has initiated a share repurchase plan on Thursday, July 28th 2022, which authorizes the company to repurchase $125,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
What is Christopher Abate's approval rating as Redwood Trust's CEO?: 10 employees have rated Redwood Trust Chief Executive Officer Christopher Abate on Glassdoor.com. Christopher Abate has an approval rating of 100% among the company's employees. This puts Christopher Abate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Redwood Trust own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Redwood Trust investors own include EnLink Midstream (ENLC), Washington Prime Group (WPG), New Residential Investment (NRZ), Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Golar LNG Partners (GMLP), ADMA Biologics (ADMA), Two Harbors Investment (TWO) and Enerplus (ERF).
Who are Redwood Trust's major shareholders?: Redwood Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Kingswood Wealth Advisors LLC (0.01%). Insiders that own company stock include Andrew P Stone, Collin L Cochrane and Sasha G Macomber.
View institutional ownership trends.
How do I buy shares of Redwood Trust?: Shares of RWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RWT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Redwood Trust (RWT) Stock Price, News & Analysis

Redwood Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Redwood Trust Stock (NYSE:RWT)

RWT Stock Price History

RWT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

RWT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™