Real Estate -
REIT - Mortgage - NYSE - US
$ 5.04
-5.79 %
$ 670 M
Market Cap
15.75
P/E
1. INTRINSIC VALUE
Balance Sheet
Redwood Trust, Inc.
| Current Assets | 245 M |
| Cash & Short-Term Investments | 245 M |
| Receivables | 214 M |
| Other Current Assets | -214 M |
| Non-Current Assets | 23.4 M |
| Long-Term Investments | 781 M |
| PP&E | 0 |
| Other Non-Current Assets | -758 M |
| Current Liabilities | 1.97 B |
| Accounts Payable | 77.8 M |
| Short-Term Debt | 1.75 B |
| Other Current Liabilities | 145 M |
| Non-Current Liabilities | 14.6 B |
| Long-Term Debt | 14.6 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Redwood Trust, Inc.
| Revenue | 945 M |
| Cost Of Revenue | 0 |
| Gross Profit | 945 M |
| Operating Expenses | 136 M |
| Operating Income | 809 M |
| Other Expenses | 755 M |
| Net Income | 54 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Redwood Trust, Inc.
| Net Income | 54 M |
| Depreciation & Amortization | 11.9 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 20.7 M |
| Change in Working Capital | 0 |
| Others | -5.95 B |
| Free Cash Flow | -5.86 B |
Wall Street Analysts Price Targets
Redwood Trust, Inc.
Wall Street analysts predict an average 1-year price target for RWT of $8.5 , with forecasts ranging from
a
low of
$7.5 to a high of $9.5 .
RWT Lowest Price Target
Wall Street Target
7.5 USD
48.81%
RWT Average Price Target
Wall Street Target
8.5 USD
68.65%
RWT Highest Price Target
Wall Street Target
9.5 USD
88.49%
4. DIVIDEND
ANALYSIS
3.11%
DIVIDEND YIELD
0.18 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Redwood Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
89.9 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
93.7 K USD 1
9-12 MONTHS
7. News
Redwood Trust Announces First Quarter 2025 Common and Preferred Dividends
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 first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a first quarter 2025 regular common stock dividend of $0.18 per share, unchanged from the fourth quarter of 2024. This marks the Company's.
businesswire.com
- 1 month 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.
seekingalpha.com
- 2 months 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.
zacks.com
- 2 months 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.
zacks.com
- 2 months 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.
zacks.com
- 2 months 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.
zacks.com
- 2 months 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.
seekingalpha.com
- 2 months 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.
businesswire.com
- 2 months 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.
businesswire.com
- 3 months ago
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.
seekingalpha.com
- 3 months ago
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.
seekingalpha.com
- 3 months ago
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.
businesswire.com
- 3 months ago
8. Profile
Summary
Redwood Trust, Inc. RWT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 670 M
Dividend Yield
3.11%
Description
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential 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. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
Contact
One Belvedere Place, Mill Valley, CA, 94941
https://www.redwoodtrust.com
IPO
Date
Aug. 4, 1995
Employees
283
Officers
Mr. John Arens J.D.
Head of Home Equity Investments & MD
Ms. Carlene A. Graham
President of Sequoia
Mr. David P. Monks
Managing Director of Finance
Mr. J. Ryan McBride
Chief Investment Officer of RWT Horizons
Mr. Jonathan M. Groesbeck
Head of Business Development & Institutional Sales of Sequoia
Mr. Andrew P. Stone J.D.
Executive Vice President, Chief Legal Officer & Secretary
Mr. Abhinav Asthana
Chief Technology Officer
Ms. Sasha G. Macomber
Chief Human Resource Officer
Mr. Fred J. Matera
Chief Executive Officer of CoreVest
Ms. Kaitlyn J. Mauritz
MD & Head of Investor Relations