Real Estate - REIT - Mortgage - NYSE - US
$ 7.06
0.284 %
$ 934 M
Market Cap
12.61
P/E
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.[ Read More ]
The intrinsic value of one RWT stock under the base case scenario is HIDDEN Compared to the current market price of 7.06 USD, Redwood Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart RWT
FINANCIALS
147 M
REVENUE
1.06 M
OPERATING INCOME
-6.27 M
NET INCOME
-2.02 B
OPERATING CASH FLOW
909 M
INVESTING CASH FLOW
1.15 B
FINANCING CASH FLOW
53.8 M
REVENUE
-223 M
OPERATING INCOME
14.8 M
NET INCOME
-2.09 B
OPERATING CASH FLOW
636 M
INVESTING CASH FLOW
1.44 B
FINANCING CASH FLOW
Balance Sheet Decomposition
Redwood Trust, Inc.
| Current Assets | 541 M |
| Cash & Short-Term Investments | 369 M |
| Receivables | 172 M |
| Other Current Assets | 0 |
| Non-Current Assets | 524 M |
| Long-Term Investments | 472 M |
| PP&E | 0 |
| Other Non-Current Assets | 51.8 M |
| Current Liabilities | 1.56 B |
| Accounts Payable | 57.7 M |
| Short-Term Debt | 1.56 B |
| Other Current Liabilities | -57.7 M |
| Non-Current Liabilities | 11.7 B |
| Long-Term Debt | 11.5 B |
| Other Non-Current Liabilities | 250 M |
EFFICIENCY
Earnings Waterfall
Redwood Trust, Inc.
| Revenue | 147 M |
| Cost Of Revenue | 21.7 M |
| Gross Profit | 125 M |
| Operating Expenses | 137 M |
| Operating Income | 1.06 M |
| Other Expenses | 7.33 M |
| Net Income | -6.27 M |
RATIOS
85.22%
GROSS MARGIN
0.72%
OPERATING MARGIN
-4.26%
NET MARGIN
-0.52%
ROE
-0.04%
ROA
0.03%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Redwood Trust, Inc.
| Net Income | -6.27 M |
| Depreciation & Amortization | 27.3 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -51.5 M |
| Others | -2 B |
| Free Cash Flow | -2.02 B |
Wall Street Analysts Price Targets
Redwood Trust, Inc.
Wall Street analysts predict an average 1-year price target for RWT of $8.62 , 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
6.23%
RWT Average Price Target
Wall Street Target
8.62 USD
22.17%
RWT Highest Price Target
Wall Street Target
9.5 USD
34.56%
4. DIVIDEND ANALYSIS
2.48%
DIVIDEND YIELD
0.17 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Redwood Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
93.7 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
May 30, 2024
|
Bought 93.7 K USD
|
Carillo Brooke
Chief Financial Officer |
+ 15000
|
6.248 USD |
|
1 year ago
Dec 20, 2022
|
Sell 80.3 K USD
|
COCHRANE COLLIN L.
Chief Accounting Officer |
- 11706
|
6.86 USD |
|
1 year ago
Dec 20, 2022
|
Sell 48 K USD
|
Stone Andrew P
Chief Legal Officer |
- 7000
|
6.86 USD |
|
2 years ago
Dec 20, 2021
|
Sell 121 K USD
|
Stone Andrew P
Chief Legal Officer |
- 9936
|
12.2039 USD |
|
3 years ago
Nov 05, 2021
|
Bought 12.9 K USD
|
Macomber Sasha G.
Chief Human Resource Officer |
+ 933
|
13.825 USD |
|
3 years ago
Aug 11, 2021
|
Bought 250 K USD
|
Carillo Brooke
Chief Financial Officer |
+ 20500
|
12.2 USD |
|
3 years ago
Mar 03, 2021
|
Sell 86.8 K USD
|
PROCTOR GEORGANNE
Director |
- 8645
|
10.04 USD |
|
4 years ago
May 21, 2020
|
Sell 26.1 K USD
|
Byerwalter Mariann H
Director |
- 5778
|
4.5234 USD |
|
4 years ago
May 15, 2020
|
Bought 49.3 K USD
|
Matera Fred
Director |
+ 13000
|
3.7959 USD |
|
4 years ago
Dec 27, 2019
|
Sell 20 K USD
|
PROCTOR GEORGANNE
Director |
- 1200
|
16.64 USD |
|
4 years ago
Dec 20, 2019
|
Sell 249 K USD
|
Stone Andrew P
General Counsel |
- 15000
|
16.62 USD |
|
5 years ago
Mar 06, 2019
|
Sell 155 K USD
|
Byerwalter Mariann H
Director |
- 9778
|
15.81 USD |
|
5 years ago
Dec 19, 2018
|
Sell 229 K USD
|
Stone Andrew P
General Counsel |
- 15000
|
15.25 USD |
|
6 years ago
Nov 16, 2018
|
Bought 50.1 K USD
|
Debora Horvath D
Director |
+ 3035
|
16.5 USD |
|
6 years ago
Nov 15, 2018
|
Bought 49.9 K USD
|
Debora Horvath D
Director |
+ 3000
|
16.64 USD |
|
6 years ago
Dec 20, 2017
|
Sell 74.4 K USD
|
Stone Andrew P
General Counsel |
- 5000
|
14.8702 USD |
|
7 years ago
May 22, 2017
|
Bought 50 K USD
|
Pallotta Karen R
Director |
+ 3027
|
16.53 USD |
|
7 years ago
May 22, 2017
|
Sell 72.2 K USD
|
Byerwalter Mariann H
Director |
- 4381
|
16.48 USD |
|
7 years ago
May 22, 2017
|
Sell 28.9 K USD
|
BAUM RICHARD
Director |
- 1752
|
16.52 USD |
|
7 years ago
May 01, 2017
|
Sell 64.3 K USD
|
Stone Andrew P
General Counsel |
- 3730
|
17.24 USD |
|
7 years ago
Dec 19, 2016
|
Sell 76.5 K USD
|
Stone Andrew P
General Counsel |
- 5000
|
15.3 USD |
7. News
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).
zacks.com
- 1 week ago
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.
zacks.com
- 1 week ago
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.
seekingalpha.com
- 2 weeks ago
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.
zacks.com
- 2 weeks ago
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.
zacks.com
- 2 weeks ago
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.
businesswire.com
- 2 weeks ago
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.
businesswire.com
- 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.
zacks.com
- 3 weeks ago
Redwood Trust Announces Date of Third 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 third quarter 2024 results on Wednesday, October 30, 2024 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 third quarter 2024 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Ti.
businesswire.com
- 1 month ago
Redwood Trust Prices Reopening of $40 Million of 7.75% Convertible Senior Notes Due 2027
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be issued as a reopening of, and will be part of the same se.
businesswire.com
- 1 month ago
Redwood Trust Series A Preferred: Harvesting A Progressively Scarce 10% Yield-To-Call
The Fed's pivot from raising to cutting rates has reduced discounts on fixed-to-floating rate preferred stocks, prompting a reevaluation of Redwood Trust 10.0% Series A Preferred (RWT.PR.A). Fixed-to-floating rate preferreds like Annaly Capital Management Series F and AGNC Investment Series C saw significant dividend increases but faced declining yields as SOFR rates dropped. RWT.PR.A offers a stable 10% yield until 2028, making it a compelling option amidst declining interest rates and potential call risks for floating-rate issues.
seekingalpha.com
- 1 month ago
Redwood Trust Preferred A: Bonds Are More Attractive Than Preferred Shares For This REIT
Redwood Trust's Series A preferred shares offer a 10% coupon but are subordinate to debentures, making them riskier in a restructuring scenario. The REIT's heavy near-term debt load and low earnings due to high rates make debentures, yielding close to 9%, more attractive. Preferred shares will perform well only in a 'goldilocks' scenario with lower mortgage rates and stable credit spreads, which is uncertain.
seekingalpha.com
- 2 months ago
8. Profile Summary
Redwood Trust, Inc. RWT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 934 M
Dividend Yield
2.48%
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
289
Officers
Mr. Christopher J. Abate CPA
Chief Executive Officer & Director
Mr. Andrew P. Stone
Executive Vice President, Chief Legal Officer & Secretary
Mr. Abhinav Asthana
Chief Technology Officer
Ms. Kaitlyn J. Mauritz
MD & Head of Investor Relations
Ms. Carlene A. Graham
Chief Operating Officer of Residential Business
Mr. Jonathan M. Groesbeck
MD & Head of Business Development
Ms. Sasha G. Macomber
Chief Human Resource Officer
Mr. David P. Monks
Managing Director of Finance
Mr. Dashiell I. Robinson
President & Director
Ms. Brooke E. Carillo
Chief Financial Officer