RWT

Redwood Trust
RWT
Market cap $861M

6.50 USD

+0.07

1.09%

At close Jan 17, 4:00 PM EST

Pre-market

6.57

+0.07

1.08%

1 day

1.09%

5 days

6.38%

1 month

-6.74%

3 months

-15.14%

6 months

-13.22%

Year to date

0.15%

1 year

-4.41%

5 years

-62.25%

10 years

-67.37%

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 6,823 funds

–

Analysts bullish %

Fund manager confidence

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

88% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 17

19% more capital invested

Capital invested by funds: $665M [Q2] → $792M (+$128M) [Q3]

6% more funds holding

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

0.1% more ownership

Funds ownership: 77.48% [Q2] → 77.57% (+0.1%) [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

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

Low target

$7

8%

upside

Avg. target

$7.50

15%

upside

High target

$8

23%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

JP Morgan Richard Shane 61% 1-year accuracy 37 / 61 met price target	8%upside $7	Neutral Downgraded	9 Dec 2024
Jones Trading Jason Weaver 51% 1-year accuracy 20 / 39 met price target	23%upside $8	Buy Maintained	31 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about RWT published over the past 30 days

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.

Redwood Trust Prices $90.0 Million Senior Notes Offering

Redwood Trust: Mortgage REIT Baby Bond Offering 9% Yield

Redwood Trust's baby bonds offer a 9% yield to maturity, making them a safer investment amid higher interest rates and lower mortgage demand. Despite declining net interest income due to rising rates, Redwood Trust maintains positive net interest income and has grown its loan portfolio and shareholder equity in 2024. Interest rates and loan delinquencies are key risks, but Redwood Trust's ability to manage these factors supports the stability of its baby bonds.

Redwood Trust: Mortgage REIT Baby Bond Offering 9% Yield

Redwood Trust: Lower Rates May Increase Capital Deployed

Redwood Trust is rated a buy due to its 11% dividend yield, potential growth from lower rates, and strong homebuilder optimism. The company focuses on residential loans and mortgages, with a stable book value and a discounted P/B ratio of 0.76x. Lower mortgage rates may increase capital deployment, improving earnings and book value, supported by management's positive outlook and increased capital deployment.

Redwood Trust: Lower Rates May Increase Capital Deployed

Redwood Trust Announces Key Updates to Residential Consumer Operating Platforms

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 pleased to announce updates to its residential consumer operating platforms that reflect the Company's continued commitment to innovation and growth in housing finance. First, Redwood is expanding the mandate of its home equity platform, Aspire, to include a set of alternative loan products that complement its existing home equ.

Redwood Trust Announces Key Updates to Residential Consumer Operating Platforms

Zacks Investment Research

3 mREIT Stocks Worth Considering for a Turnaround in 2025

mREIT stocks like NREF, ARR, and RWT are well-poised to navigate industry volatility and generate returns in 2025.

3 mREIT Stocks Worth Considering for a Turnaround in 2025

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

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