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Redwood Trust (RWT)
NYSE:RWT
Redwood (RWT) Stock Price & Analysis
817 Followers
RWT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.03 - $7.74
Previous Close$6.46
Volume1.30M
Average Volume (3M)1.58M
Market Cap
$853.71M
Enterprise Value$13.90B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$13.05B
Price to Earnings (P/E)96.1
Beta1.46
Next Earnings
Jul 25, 2024EPS Estimate
$0.12Last Dividend Ex-Date
Mar 20, 2024Dividend Yield9.91%
Share Statistics
EPS (TTM)0.07
Shares Outstanding132,152,786
10 Day Avg. Volume955,629
30 Day Avg. Volume1,582,617
Standard Deviation0.15
R-Squared0.30
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.79
Price to Sales (P/S)5.28
Price to Cash Flow (P/CF)-0.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue136.91
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda1.07K
Forecast
1Y Price Target
$7.53Price Target Upside13.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Redwood News
PremiumCompany Announcements
Redwood Trust First-Quarter 2024 Financial Performance Update
PremiumCompany Announcements
Redwood Trust Outlines Growth Strategy and CPP Investment Deal
Bulls Say, Bears Say
Bulls Say
Earnings GrowthRedwood Trust, Inc. reports strong growth in residential consumer mortgage banking lock volume, which is indicative of the company's robust earnings potential in the mortgage sector.
Strategic AdvantagesRedwood's strategic investments and partnerships with depositary institutions are poised to accelerate the company's growth, enhance fee streams, and strengthen its earnings power.
Valuation And DividendsWith a stock valuation at 0.75x book value and a 10% dividend yield, Redwood Trust, Inc. presents an attractive investment opportunity, coupled with the prospect of increased dividends.
Bears Say
Credit RiskThe 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 SustainabilityEarnings Available for Distribution per share fell short of the quarterly dividend payout.
Financial PerformanceEarnings available for distribution was below analyst and consensus estimates.
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Ownership Overview
2.91% Insiders
20.84% Mutual Funds
41.74% Other Institutional Investors
34.51% 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 $5.03 and its highest was $7.74 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 Jul 25, 2024 which is in 70 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 Undervalued.
Does Redwood Trust pay dividends?
Redwood Trust pays a Quarterly dividend of $0.16 which represents an annual dividend yield of 9.91%. 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 11.754%.
Which hedge fund is a major shareholder of Redwood Trust?
Among the largest hedge funds holding Redwood Trust’s share is Bridgewater Associates, LP. It holds Redwood Trust’s shares valued at 2M.
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Redwood Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.53 (13.75% Upside)
$7.53 (13.75% Upside)
Blogger Sentiment
Bullish
RWT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 50.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 7.4%
Last 30 Days ▼ 7.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
25.65%
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
$7.53
▲(13.75% Upside)
Technical Analysis
Best Analysts Covering RWT
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+8.89%
assigned a buy rating 15 days ago
Copying Bose George's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +8.89% per trade.
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