Redwood Trust (RWT) Scheduled to Post Earnings on Tuesday

Redwood Trust (NYSE:RWT) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Redwood Trust Price Performance

Shares of NYSE RWT opened at $5.72 on Friday. The company has a fifty day moving average price of $6.06 and a 200 day moving average price of $6.65. Redwood Trust has a 1-year low of $5.45 and a 1-year high of $8.30. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 10.12. The firm has a market cap of $752.64 million, a PE ratio of -47.67 and a beta of 1.48.

Redwood Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.19%. Redwood Trust’s dividend payout ratio is -533.33%.

Analyst Ratings Changes

A number of research firms have recently commented on RWT. Raymond James reduced their price objective on shares of Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. Wells Fargo & Company reduced their price objective on shares of Redwood Trust from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 21st. UBS Group reduced their price objective on shares of Redwood Trust from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Piper Sandler reduced their price objective on shares of Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Redwood Trust from $7.75 to $7.25 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.66.

Redwood Trust Company Profile

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.