RWT - Redwood Trust Inc Stock Price, Fair Value and News

6.68USD+0.05 (+0.75%)Market Closed

Market Summary

USD6.68+0.05

Market Closed

0.75%

RWT Alerts

Big jump in Earnings (Y/Y)

RWT Stock Price

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RWT RSI Chart

RWT Valuation

Market Cap

882.8M

Price/Earnings (Trailing)

37.78

Price/Sales (Trailing)

1.18

EV/EBITDA

17.04

Price/Free Cashflow

-0.29

RWT Price/Sales (Trailing)

RWT Profitability

EBT Margin

3.55%

Return on Equity

1.91%

Return on Assets

0.16%

Free Cashflow Yield

-347.99%

RWT Fundamentals

RWT Revenue

Revenue (TTM)

750.7M

Rev. Growth (Yr)

14.69%

Rev. Growth (Qtr)

7.82%

RWT Earnings

Earnings (TTM)

23.4M

Earnings Growth (Yr)

555.02%

Earnings Growth (Qtr)

43.81%

Breaking Down RWT Revenue

Last 7 days

3.6%

Last 30 days

21.2%

Last 90 days

-0.1%

Trailing 12 Months

15.0%

How does RWT drawdown profile look like?

RWT Financial Health

Debt/Equity

1.39

Debt/Cashflow

-1.8

RWT Investor Care

Dividend Yield

9.58%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

15.89%

Diluted EPS (TTM)

0.08

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	750.7M	0	0	0
2023	697.0M	708.5M	707.9M	724.5M
2022	636.0M	664.8M	696.7M	707.9M
2021	502.1M	510.9M	534.6M	574.9M
2020	689.3M	670.7M	642.6M	571.9M
2019	433.1M	498.7M	549.4M	622.3M
2018	270.0M	293.8M	330.5M	378.7M
2017	238.7M	231.1M	232.9M	248.1M
2016	258.0M	261.4M	258.9M	246.4M
2015	250.3M	255.7M	255.9M	259.4M
2014	228.1M	228.4M	234.3M	242.1M
2013	226.2M	224.4M	222.1M	226.2M
2012	221.6M	228.2M	234.5M	231.4M
2011	225.7M	222.1M	216.4M	217.2M
2010	265.2M	247.5M	236.1M	230.1M
2009	0	474.3M	381.1M	287.9M
2008	0	0	0	567.5M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Redwood Trust Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	debora horvath d	acquired	96,631	5.53	17,474	-
Apr 16, 2024	macomber sasha g.	acquired	118,329	5.59	21,168	chief human resource officer
Apr 16, 2024	abate christopher j	acquired	554,690	5.59	99,229	chief executive officer
Apr 16, 2024	robinson dashiell i	acquired	369,795	5.59	66,153	president
Apr 16, 2024	stone andrew p	acquired	155,313	5.59	27,784	chief legal officer
Mar 01, 2024	macomber sasha g.	acquired	48,194	6.13	7,862	chief human resource officer
Dec 28, 2023	debora horvath d	acquired	1,202	7.585	158	-
Dec 20, 2023	robinson dashiell i	acquired	482,323	7.47	64,568	president
Dec 20, 2023	macomber sasha g.	acquired	66,079	7.47	8,846	chief human resource officer
Dec 20, 2023	abate christopher j	acquired	401,938	7.47	53,807	chief executive officer

Which funds bought or sold RWT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	B. Riley Wealth Advisors, Inc.	added	0.51	-2,717	79,945	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-0.46	-128,816	763,667	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-6.03	-85,876	360,925	-%
May 15, 2024	Point72 Asset Management, L.P.	added	88.14	115,739	303,212	-%
May 15, 2024	Uniplan Investment Counsel, Inc.	reduced	-12.97	-248,000	1,765,000	0.14%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-52.22	-5,093,530	3,550,140	-%
May 15, 2024	EVERGREEN CAPITAL MANAGEMENT LLC	reduced	-1.1	-1,453,610	8,246,900	0.31%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	added	1.45	-1,498	10,218	-%
May 15, 2024	ADAGE CAPITAL PARTNERS GP, L.L.C.	reduced	-46.47	-11,927,400	10,168,600	0.02%
May 15, 2024	MARSHALL WACE, LLP	new	-	324,769	324,769	-%

Are Funds Buying or Selling RWT?

Are funds buying RWT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RWT

No. of Funds

RWT Alerts

Big jump in Earnings (Y/Y)

Unveiling Redwood Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 15, 2024	bay pond partners, l.p.	5.01%	6,597,673	SC 13G
Feb 13, 2024	vanguard group inc	10.94%	12,973,503	SC 13G/A
Feb 08, 2024	wellington management group llp	9.54%	11,314,715	SC 13G
Jan 22, 2024	blackrock inc.	16.8%	19,932,048	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.21%	12,701,741	SC 13G/A
Jan 23, 2023	blackrock inc.	17.9%	20,266,566	SC 13G/A
Feb 10, 2022	vanguard group inc	10.55%	12,095,033	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 07, 2022	blackrock inc.	17.8%	20,373,065	SC 13G/A

Recent SEC filings of Redwood Trust Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 03, 2024	4	Insider Trading
Apr 30, 2024	8-K	Current Report
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 15, 2024	SC 13G	Major Ownership Report
Apr 02, 2024	DEFA14A	DEFA14A
Apr 02, 2024	DEF 14A	DEF 14A

Peers (Alternatives to Redwood Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Redwood Trust Inc News

Latest updates

Redwood Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.8%	205	190	177	179	179	173	178	167	189	162	146	139	128	122	122	130	198	193	150	149	131
Operating Expenses	-	44.00	-	-	-	44.00	-	-	-	-	-	-	-	-	-	-	-	-	-	27.00	26.00	23.00
S&GA Expenses	-100.0%	-	32.00	30.00	31.00	36.00	39.00	38.00	30.00	33.00	33.00	48.00	41.00	44.00	29.00	28.00	29.00	29.00	36.00	25.00	26.00	23.00
EBITDA Margin	18.9%	0.18*	0.15*	0.05*	0.05*	-0.09*	-0.02*	0.16*	0.38*	0.71*	0.87*	0.92*	1.05*	-	-	-	-	-	-	-	-	-
Interest Expenses	20.7%	24.00	20.00	20.00	26.00	26.00	27.00	35.00	40.00	53.00	50.00	42.00	31.00	26.00	24.00	22.00	27.00	51.00	45.00	34.00	32.00	32.00
Income Taxes	-47.3%	1.00	1.00	2.00	0.00	-1.12	-9.44	1.00	-9.44	-2.46	5.00	-4.32	7.00	12.00	8.00	9.00	0.00	-22.23	4.00	-0.11	2.00	1.00
Earnings Before Taxes	39.7%	31.00	22.00	-29.11	3.00	3.00	-53.49	-48.99	-109	28.00	49.00	84.00	97.00	109	63.00	151	165	-965	53.00	34.00	34.00	55.00
EBT Margin	4124.9%	0.04*	0.00*	-0.11*	-0.14*	-0.30*	-0.26*	-0.12*	0.08*	0.41*	0.59*	0.66*	0.82*	-	-	-	-	-	-	-	-	-
Net Income	43.8%	30.00	21.00	-30.81	3.00	5.00	-44.06	-50.41	-99.97	31.00	44.00	88.00	90.00	97.00	54.00	142	165	-943	49.00	34.00	31.00	54.00
Net Income Margin	1091.7%	0.03*	0.00*	-0.10*	-0.12*	-0.27*	-0.23*	-0.11*	0.10*	0.40*	0.56*	0.62*	0.75*	-	-	-	-	-	-	-	-	-
Free Cashflow	16.9%	-954	-1,148	-891	-78.44	102	-9.71	361	-199	-291	-1,914	-1,128	-1,685	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.8%	15,058	14,504	13,021	12,797	13,121	13,031	13,146	13,876	14,253	14,707	13,073	11,996	10,897	10,355	10,402	10,362	12,301	17,995	15,476	13,852	12,193
Cash Equivalents	16.1%	340	293	204	357	404	259	297	371	483	450	646	476	522	544	524	573	404	291	506	252	215
Goodwill	0%	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	-	-	-	-	-	-	-	-	-	89.00	60.00	-	-
Liabilities	4.0%	13,834	13,302	11,915	11,673	11,984	11,947	11,992	12,617	12,808	13,321	11,697	10,701	9,681	9,244	9,349	9,425	11,576	16,168	13,691	12,288	10,643
Short Term Borrowings	-19.7%	1,251	1,558	1,477	1,457	1,616	2,030	2,110	1,870	1,647	2,177	1,751	1,485	1,254	523	483	663	2,342	2,329	1,981	2,463	2,163
Long Term Debt	1.6%	1,707	1,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,954	2,573	2,573
Shareholder's Equity	1.8%	1,224	1,203	1,106	1,124	1,138	1,084	1,154	1,258	1,445	1,386	1,376	1,295	1,216	1,111	1,053	937	725	1,827	1,785	1,564	1,550
Retained Earnings	2.5%	1,173	1,144	1,125	1,158	1,157	1,153	1,197	1,248	1,348	1,317	1,273	1,185	1,095	997	943	801	636	1,579	1,530	1,496	1,464
Additional Paid-In Capital	0.2%	2,494	2,488	2,395	2,359	2,355	2,350	2,345	2,364	2,391	2,317	2,312	2,287	2,282	2,265	2,262	2,280	2,276	2,270	2,245	2,013	1,996
Shares Outstanding	0.3%	132	131	119	114	114	113	116	120	120	113	113	112	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	720	-	-	-	836	-	-	-	1,353	-	-	-	798	-	-	-	1,601	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	16.9%	-954	-1,148	-891	-78.44	102	-9.71	361	-199	-291	-1,914	-1,128	-1,685	-966	-329	-231	297	-241	36.00	-642	-351	-206
Share Based Compensation	-100.0%	-	4.00	3.00	5.00	6.00	5.00	5.00	5.00	8.00	4.00	5.00	6.00	4.00	4.00	4.00	4.00	3.00	4.00	3.00	4.00	3.00
Cashflow From Investing	30.0%	350	269	253	276	111	45.00	-34.88	-66.66	270	41.00	293	487	583	556	454	2,150	911	110	418	357	141
Cashflow From Financing	-41.7%	575	988	451	-240	-51.62	-74.94	-401	227	-27.48	1,759	1,004	1,153	361	-206	-271	-2,277	-556	-361	479	32.00	76.00
Dividend Payments	-100.0%	-	22.00	20.00	19.00	28.00	27.00	28.00	28.00	29.00	27.00	25.00	21.00	19.00	16.00	16.00	52.00	-	35.00	34.00	30.00	30.00
Buy Backs	-	-	-	-	-	-	-	24.00	33.00	-	-	-	-	-	-	22.00	-	-	-	-	-	-

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RWT Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Residential consumer loans	$ 86,935	$ 57,874
Residential investor loans	95,035	97,296
Consolidated Agency multifamily loans	4,581	4,618
Real estate securities	6,280	6,428
Other interest income	11,909	12,300
Total interest income	204,740	178,516
Interest Expense
Short-term debt	(24,005)	(31,828)
Asset-backed securities issued	(120,259)	(87,465)
Long-term debt	(36,266)	(32,786)
Total interest expense	(180,530)	(152,079)
Net Interest Income	24,210	26,437
Non-Interest Income
Mortgage banking activities, net	14,556	16,671
Investment fair value changes, net	21,837	(4,392)
HEI income, net	9,031	4,265
Other income, net	4,506	4,556
Realized gains, net	409	(2)
Total non-interest income, net	50,339	21,098
General and administrative expenses	(34,569)	(35,555)
Portfolio management costs	(3,597)	(3,510)
Loan acquisition costs	(2,237)	(1,289)
Other expenses	(3,361)	(3,684)
Net Income before (Provision for) Benefit from Income Taxes	30,785	3,497
(Provision for) benefit from income taxes	(523)	1,123
Net Income	30,262	4,620
Dividends on preferred stock	(1,750)	(1,419)
Net income available to common stockholders	$ 28,512	$ 3,201
Basic earnings per common share (in dollars per share)	$ 0.21	$ 0.02
Diluted earnings per common share (in dollars per share)	$ 0.21	$ 0.02
Basic weighted average common shares outstanding (in shares)	131,570,347	113,678,911
Diluted weighted average common shares outstanding (in shares)	131,570,347	114,134,556

RWT Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

ASSETS

Real estate securities, at fair value

^[1]

$ 212,307

$ 127,797

Home equity investments, at fair value

^[1]

560,745

550,436

Other investments

^[1]

337,345

343,930

Cash and cash equivalents

^[1]

275,394

293,104

Restricted cash

^[1]

64,993

75,684

Goodwill

^[1]

23,373

Intangible assets

^[1]

25,657

28,462

Derivative assets

^[1]

3,155

14,212

Other assets

^[1]

333,631

351,109

Total Assets

^[1]

15,057,974

14,504,327

Liabilities

Short-term debt, net

^[1]

1,251,444

1,558,222

Derivative liabilities

^[1]

5,849

33,828

Accrued expenses and other liabilities

^[1]

241,191

216,803

Asset-backed securities issued (includes $9,979,891 and $9,151,263 at fair value), net

^[1]

10,628,189

9,811,880

Long-term debt, net

^[1]

1,707,138

1,680,901

Total liabilities

^[1]

13,833,811

13,301,634

Commitments and Contingencies

^[1]

Equity

Preferred stock, par value $0.01 per share, 2,990,000 shares authorized; 2,800,000 issued and outstanding

^[1]

66,948

Common stock, par value $0.01 per share, 392,010,000 shares authorized; 131,870,835 and 131,485,661 issued and outstanding

^[1]

1,319

1,315

Additional paid-in capital

^[1]

2,493,856

2,487,848

Accumulated other comprehensive loss

^[1]

(48,901)

(57,957)

Cumulative earnings

^[1]

1,172,924

1,144,412

Cumulative distributions to stockholders

^[1]

(2,461,983)

(2,439,873)

Total equity

^[1]

1,224,163

1,202,693

Total Liabilities and Equity

^[1]

15,057,974

14,504,327

Residential consumer loans, held-for-sale, at fair value

ASSETS

Fair value of loans

^[1]

511,706

911,192

Residential consumer loans, held-for-investment, at fair value

ASSETS

Fair value of loans

^[1]

7,104,886

6,139,445

Residential investor loans, held-for-sale, at fair value

ASSETS

Fair value of loans

^[1]

280,551

180,250

Residential investor loans, held-for-investment, at fair value

ASSETS

Fair value of loans

^[1]

4,901,443

5,040,048

Consolidated Agency multifamily loans, at fair value

ASSETS

Fair value of loans

^[1]

$ 422,788

$ 425,285

[1]

Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $11,850,461 and $10,988,885, respectively. At March 31, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $10,921,862 and $10,096,308, respectively. See Note 4 for further discussion.

About Redwood Trust Inc

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.

CEO	Mr. Christopher J. Abate CPA
WEBSITE	redwoodtrust.com
INDUSTRY	REIT Mortgage
EMPLOYEES	347

Redwood Trust Inc Frequently Asked Questions

What is the ticker symbol for Redwood Trust Inc? What does RWT stand for in stocks?

RWT is the stock ticker symbol of Redwood Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Redwood Trust Inc (RWT)?

As of Fri May 17 2024, market cap of Redwood Trust Inc is 882.78 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RWT stock?

You can check RWT's fair value in chart for subscribers.

What is the fair value of RWT stock?

You can check RWT's fair value in chart for subscribers. The fair value of Redwood Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Redwood Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RWT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Redwood Trust Inc a good stock to buy?

The fair value guage provides a quick view whether RWT is over valued or under valued. Whether Redwood Trust Inc is cheap or expensive depends on the assumptions which impact Redwood Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RWT.

What is Redwood Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RWT's PE ratio (Price to Earnings) is 37.78 and Price to Sales (PS) ratio is 1.18. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RWT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Redwood Trust Inc's stock?

In the past 10 years, Redwood Trust Inc has provided -0.044 (multiply by 100 for percentage) rate of return.