RWT
Redwood TrustRWT
RWT
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
0
Funds holding %
of 7,290 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 62
7% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 27
1.32% less ownership
Funds ownership: 77.57% [Q3] → 76.26% (-1.32%) [Q4]
3% less funds holding
Funds holding: 212 [Q3] → 206 (-6) [Q4]
17% less capital invested
Capital invested by funds: $792M [Q3] → $658M (-$134M) [Q4]
69% less call options, than puts
Call options by funds: $4.85M | Put options by funds: $15.9M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6.50
2%
upside
Avg. target
$7.63
19%
upside
High target
$8
25%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Jones Trading Jason Weaver 78% 1-year accuracy 38 / 49 met price target | 25%upside $8 | Buy Maintained | 14 Feb 2025 |
JMP Securities Trevor Cranston 68% 1-year accuracy 17 / 25 met price target | 25%upside $8 | Market Outperform Reiterated | 14 Feb 2025 |
JMP Securities Chris Muller 71% 1-year accuracy 5 / 7 met price target | 25%upside $8 | Market Outperform Maintained | 23 Jan 2025 |
JP Morgan Richard Shane 73% 1-year accuracy 46 / 63 met price target | 2%upside $6.50 | Neutral Maintained | 21 Jan 2025 |
Financial journalist opinion
Based on 9 articles about RWT published over the past 30 days
Neutral
Seeking Alpha
1 week ago
Redwood Trust, Inc. (RWT) Q4 2024 Earnings Call Transcript
Redwood Trust, Inc. (NYSE:RWT ) Q4 2024 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz - Head of Investor Relations Christopher Abate - Chief Executive Officer Dashiell Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc. Bradley Capuzzi - Piper Sandler Eric Hagen - BTIG Steven Delaney - JMP Securities Douglas Harter - UBS Investment Bank Donald Fandetti - Wells Fargo Securities Richard Shane - JPMorgan Chase & Co Jason Weaver - Jones Trading Operator Good afternoon and welcome to The Redwood Trust Fourth Quarter 2024 Financial Results Conference Call. Today's conference is being recorded.
Positive
Zacks Investment Research
1 week ago
Redwood Trust (RWT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Redwood Trust (RWT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
1 week ago
Redwood Trust (RWT) Q4 Earnings Lag Estimates
Redwood Trust (RWT) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.05 per share a year ago.
Neutral
Business Wire
1 week ago
Redwood Trust Reports Fourth 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 December 31, 2024. Key Q4 2024 Financial Results and Metrics GAAP book value per common share was $8.46 at December 31, 2024, relative to $8.74 per share at September 30, 2024 Economic return on book value of (1.1)% for the fourth quarter and 5.7% for the full year 2024(1) GA.
Positive
Zacks Investment Research
1 week ago
Curious about Redwood Trust (RWT) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Redwood Trust (RWT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Neutral
Zacks Investment Research
2 weeks ago
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.
Positive
Seeking Alpha
3 weeks ago
RWTP: A 9.125% Senior Note IPO From Redwood Trust
Redwood Trust's new 9.125% Senior Notes due 2030 offer a high yield but come with significant risk due to the company's heavy leverage and large interest expenses. The notes are callable from 2027, with a current trading price of $24.70, yielding 9.88% to maturity and 10.38% to call. Redwood Trust operates in mortgage banking and investment, with a debt-heavy capital structure and no credit rating from major agencies.
Neutral
Business Wire
3 weeks ago
Redwood Trust Announces Date of Fourth Quarter 2024 Financial Results Webcast and Conference Call
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 scheduled to release its fourth quarter 2024 results on Thursday, February 13, 2025 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2024 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific.
Neutral
Business Wire
3 weeks ago
Redwood Trust Announces Dividend Distribution Tax Information for 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 tax information regarding its dividend distributions for 2024. Shareholders should check the tax statements they receive from their brokerage firms to confirm the Redwood dividend distribution information reported in those statements conforms to the information reported here. Set forth in this press release are Red.
Neutral
Business Wire
1 month ago
Redwood Trust Prices $90.0 Million Senior Notes Offering
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, s.
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