RWT

Redwood Trust
RWT
Market cap $895M

6.77 USD

+0.13

1.96%

At close Dec 20, 4:00 PM EST

After hours

6.76

-0.01

0.15%

1 day

1.96%

5 days

-4.78%

1 month

-3.56%

3 months

-14.63%

6 months

4.31%

Year to date

-6.62%

1 year

-7.77%

5 years

-59.34%

10 years

-66.47%

About: Redwood Trust Inc is a real estate investment trust focused on different areas of housing credit. The company operates in three segments: the Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio, Residential Investor Mortgage Banking segment consists of a platform that originates and acquires business purpose lending loans for subsequent securitization, sale, or transfers into its investment portfolio, and Investment Portfolio segment consists of organic investments sourced through residential and business-purpose mortgage banking operations.

Employees: 289

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,809 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 20

19% more capital invested

Capital invested by funds: $661M [Q2] → $786M (+$125M) [Q3]

6% more funds holding

Funds holding: 200 [Q2] → 212 (+12) [Q3]

0.12% less ownership

Funds ownership: 77.08% [Q2] → 76.96% (-0.12%) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 70

67% less call options, than puts

Call options by funds: $3.79M | Put options by funds: $11.4M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$7

3%

upside

Avg. target

$8

18%

upside

High target

$9

33%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target	3%upside $7	Neutral Downgraded	9 Dec 2024
Jones Trading Jason Weaver 55% 1-year accuracy 21 / 38 met price target	18%upside $8	Buy Maintained	31 Oct 2024
JMP Securities Trevor Cranston 40% 1-year accuracy 10 / 25 met price target	33%upside $9	Market Outperform Maintained	4 Oct 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Redwood Trust (RWT) Upgraded to Buy: Here's What You Should Know

Redwood Trust (RWT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Redwood Trust (RWT) Upgraded to Buy: Here's What You Should Know

Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a fourth quarter 2024 regular common stock dividend of $0.18 per share, a 5.9% increase from the third quarter of 2024. This marks the Co.

Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024

Zacks Investment Research

All You Need to Know About Redwood Trust (RWT) Rating Upgrade to Strong Buy

Redwood Trust (RWT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Redwood Trust (RWT) Rating Upgrade to Strong Buy

Zacks Investment Research

3 mREIT Stock Picks to Navigate Volatile Industry Trends

Declining mortgage rates and improving purchase originations are poised to benefit the Zacks REIT and Equity Trust industry. Amid this, industry players like ARR, RWT and IVR are poised to flourish.

3 mREIT Stock Picks to Navigate Volatile Industry Trends

Redwood Trust, Inc. (RWT) Q3 2024 Earnings Call Transcript

Redwood Trust, Inc. (NYSE:RWT ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz – Head of Investor Relations Chris Abate – Chief Executive Officer Dash Robinson – President Brooke Carillo – Chief Financial Officer Conference Call Participants Rick Shane – JPMorgan Bose George – KBW Jason Weaver – Jones Trading Doug Harter – UBS Don Fandetti – Wells Fargo Brad Capuzzi – Piper Sandler Steve Delaney – JMP Securities Brian Violino – Wedbush Securities Eric Hagen – BTIG Operator Ladies and gentlemen, greetings, and welcome to the Redwood Trust Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Redwood Trust, Inc. (RWT) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Redwood Trust (RWT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Redwood Trust (RWT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Redwood Trust (RWT) Surpasses Q3 Earnings Estimates

Redwood Trust (RWT) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.09 per share a year ago.

Redwood Trust (RWT) Surpasses Q3 Earnings Estimates

Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency Opportunities

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood's mission of making quality housing – whether rented or owned – accessible to all American households. Abhinav Asthana joins the company as Chief T.

Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency Opportunities

Redwood Trust Reports Third Quarter 2024 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2024. Key Q3 2024 Financial Results and Metrics GAAP book value per common share was $8.74 at September 30, 2024, relative to $8.73 per share at June 30, 2024 Economic return on book value of 2.1% for the third quarter and 6.8% year to date 2024(1) GAAP net inco.

Redwood Trust Reports Third Quarter 2024 Financial Results

Zacks Investment Research

Redwood Trust (RWT) Earnings Expected to Grow: Should You Buy?

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Redwood Trust (RWT) Earnings Expected to Grow: Should You Buy?

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