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

5.76USD-0.10 (-1.71%)Market Closed

Market Summary

USD5.76-0.10

Market Closed

-1.71%

RWT Stock Price

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RWT RSI Chart

RWT Valuation

Market Cap

757.9M

Price/Earnings (Trailing)

-333.28

Price/Sales (Trailing)

1.05

EV/EBITDA

4.34

Price/Free Cashflow

-0.38

RWT Price/Sales (Trailing)

RWT Profitability

EBT Margin

-0.09%

Return on Equity

-0.19%

Return on Assets

-0.02%

Free Cashflow Yield

-265.98%

RWT Fundamentals

RWT Revenue

Revenue (TTM)

724.5M

Rev. Growth (Yr)

9.55%

Rev. Growth (Qtr)

7.24%

RWT Earnings

Earnings (TTM)

-2.3M

Earnings Growth (Yr)

147.76%

Earnings Growth (Qtr)

168.3%

Breaking Down RWT Revenue

Last 7 days

4.5%

Last 30 days

-9%

Last 90 days

-17%

Trailing 12 Months

-11.5%

How does RWT drawdown profile look like?

RWT Financial Health

Debt/Equity

2.46

Debt/Cashflow

-0.68

RWT Investor Care

Dividend Yield

12.33%

Dividend/Share (TTM)

0.71

Shares Dilution (1Y)

15.84%

Diluted EPS (TTM)

-0.11

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
Apr 16, 2024	macomber sasha g.	acquired	118,329	5.59	21,168	chief human resource officer
Apr 16, 2024	robinson dashiell i	acquired	369,795	5.59	66,153	president
Apr 16, 2024	abate christopher j	acquired	554,690	5.59	99,229	chief executive officer
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
Dec 20, 2023	cochrane collin l.	acquired	91,104	7.47	12,196	chief accounting officer

Which funds bought or sold RWT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	added	9.6	-25,467	414,687	0.01%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	-136	1,338	-%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-4,573,790	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-3.29	-54,000	266,000	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	reduced	-0.74	-502,363	2,922,170	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	17,149	453,833	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	14.78	-81,548	6,039,670	-%
Apr 19, 2024	Red Tortoise LLC	unchanged	-	-300	1,841	-%
Apr 19, 2024	State of Alaska, Department of Revenue	added	9.76	-30,000	510,000	0.01%
Apr 19, 2024	Maryland State Retirement & Pension System	added	9.9	-57,221	262,276	-%

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

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
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	DEF 14A	DEF 14A
Apr 02, 2024	DEFA14A	DEFA14A
Mar 28, 2024	4	Insider Trading
Mar 28, 2024	4	Insider Trading
Mar 28, 2024	4	Insider Trading

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	80.8B	11.1B	-11.38%	-14.09%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.81%	-21.93%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	5.15%	11.54%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-5.40%	-0.75%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.30%	9.45%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	0.86%	-1.00%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	0.05%	25.09%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	4.65%	8.11%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.78%	134.94%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-6.34%	63.53%	-12.32	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	-0.23%	22.43%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.25%	4.56%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.69%	5.53%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	1.57%	-29.28%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-8.88%	-15.98%	-26.34	1.5	44.33%	96.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	7.2%	190	177	179	179	173	178	167	189	162	146	139	128	122	122	130	198	193	150	149	131	120
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27.00	26.00	23.00	19.00
S&GA Expenses	8.6%	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	171.7%	0.15*	0.05*	0.05*	-0.09*	-0.02*	0.16*	0.38*	0.71*	0.87*	0.92*	1.05*	1.20*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.4%	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	35.00
Income Taxes	-41.5%	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	-1.25
Earnings Before Taxes	175.7%	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	-2.17
EBT Margin	99.2%	0.00*	-0.11*	-0.14*	-0.30*	-0.26*	-0.12*	0.08*	0.41*	0.59*	0.66*	0.82*	0.97*	-	-	-	-	-	-	-	-	-
Net Income	168.3%	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	-0.91
Net Income Margin	96.7%	0.00*	-0.10*	-0.12*	-0.27*	-0.23*	-0.11*	0.10*	0.40*	0.56*	0.62*	0.75*	0.91*	-	-	-	-	-	-	-	-	-
Free Cashflow	-28.9%	-1,148	-891	-78.44	102	-9.71	361	-199	-291	-1,914	-1,128	-1,685	-966	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	11.4%	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	11,937
Cash Equivalents	43.9%	293	204	357	404	259	297	371	483	450	646	476	522	544	524	573	404	291	506	252	215	205
Goodwill	0%	23.00	23.00	23.00	23.00	23.00	23.00	23.00	-	-	-	-	-	-	-	-	-	89.00	60.00	-	-	-
Liabilities	11.6%	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	10,589
Short Term Borrowings	5.5%	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	2,400
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,954	2,573	2,573	2,572
Shareholder's Equity	8.8%	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	1,349
Retained Earnings	1.7%	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	1,410
Additional Paid-In Capital	3.9%	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	1,811
Shares Outstanding	11.0%	131	119	114	114	113	116	120	120	113	113	112	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-28.9%	-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	-248
Share Based Compensation	20.5%	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	3.00
Cashflow From Investing	6.5%	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	-367
Cashflow From Financing	119.1%	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	620
Dividend Payments	11.0%	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	26.00
Buy Backs	-	-	-	-	-	-	24.00	33.00	-	-	-	-	-	-	22.00	-	-	-	-	-	-	-

RWT Income Statement

2023-12-31

Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Residential loans	$ 253,911	$ 250,502	$ 204,801
Business purpose loans	382,316	362,481	270,791
Consolidated Agency multifamily loans	18,645	18,938	19,266
Real estate securities	21,550	37,708	54,704
Other interest income	48,040	38,225	25,364
Total interest income	724,462	707,854	574,926
Interest Expense
Short-term debt	(116,361)	(84,343)	(42,581)
Asset-backed securities issued	(371,761)	(370,219)	(305,801)
Long-term debt	(143,397)	(97,838)	(78,367)
Total interest expense	(631,519)	(552,400)	(426,749)
Net Interest Income	92,943	155,454	148,177
Non-interest Income (Loss)
Mortgage banking activities, net	67,386	(13,659)	235,744
Investment fair value changes, net	(44,400)	(178,272)	114,624
HEI income, net	35,117	2,714	13,425
Other income, net	12,886	21,204	12,018
Realized gains, net	1,699	5,334	17,993
Total non-interest income (loss), net	72,688	(162,679)	393,804
General and administrative expenses	(128,295)	(140,908)	(165,218)
Portfolio management costs	(14,571)	(7,951)	(5,758)
Loan acquisition costs	(7,166)	(11,766)	(16,219)
Other expenses	(16,238)	(15,590)	(16,695)
Net (Loss) Income before (Provision for) Benefit from Income Taxes	(639)	(183,440)	338,091
(Provision for) benefit from income taxes	(1,635)	19,920	(18,478)
Net (Loss) Income	(2,274)	(163,520)	319,613
Dividends on preferred stock	(6,684)	0	0
Net (loss) income (related) attributable to common stockholders	$ (8,958)	$ (163,520)	$ 319,613
Basic (loss) earnings per common share (in dollars per share)	$ (0.11)	$ (1.43)	$ 2.73
Diluted (loss) earnings per common share (in dollars per share)	$ (0.11)	$ (1.43)	$ 2.37
Basic weighted average common shares outstanding (in shares)	116,283,328	117,227,846	113,230,190
Diluted weighted average common shares outstanding (in shares)	116,283,328	117,227,846	142,070,301

RWT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

ASSETS

Real estate securities, at fair value

^[1]

$ 127,797

$ 240,475

Home equity investments, at fair value

^[1]

550,436

403,462

Other investments

^[1]

343,930

390,938

Cash and cash equivalents

^[1]

293,104

258,894

Restricted cash

^[1]

75,684

70,470

Goodwill

^[1]

23,373

Intangible assets

^[1]

28,462

40,892

Derivative assets

^[1]

14,212

20,830

Other assets

^[1]

351,109

211,240

Total Assets

^[1]

14,504,327

13,030,899

Liabilities

Short-term debt, net

^[1]

1,558,222

2,029,679

Derivative liabilities

^[1]

33,828

16,855

Accrued expenses and other liabilities

^[1]

216,803

180,203

Asset-backed securities issued (includes $9,151,263 and $7,424,132 at fair value), net

^[1]

9,811,880

7,986,752

Long-term debt, net

^[1]

1,680,901

1,733,425

Total Liabilities

^[1]

13,301,634

11,946,914

Commitments and Contingencies

^[1]

Equity

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

^[1]

66,948

Common stock, par value $0.01 per share, 392,010,000 and 395,000,000 shares authorized; 131,485,661 and 113,484,675 issued and outstanding

^[1]

1,315

1,135

Additional paid-in capital

^[1]

2,487,848

2,349,845

Accumulated other comprehensive loss

^[1]

(57,957)

(68,868)

Cumulative earnings

^[1]

1,144,412

1,153,370

Cumulative distributions to stockholders

^[1]

(2,439,873)

(2,351,497)

Total Equity

^[1]

1,202,693

1,083,985

Total Liabilities and Equity

^[1]

14,504,327

13,030,899

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

ASSETS

Fair value of loans

^[1]

911,192

780,781

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

ASSETS

Fair value of loans

^[1]

6,139,445

4,832,407

Business purpose loans, held-for-sale, at fair value

ASSETS

Fair value of loans

^[1]

180,250

364,073

Business purpose loans, held-for-investment, at fair value

ASSETS

Fair value of loans

^[1]

5,040,048

4,968,513

Consolidated Agency multifamily loans, at fair value

ASSETS

Fair value of loans

^[1]

$ 425,285

$ 424,551

[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 December 31, 2023 and 2022, assets of consolidated VIEs totaled $10,988,885 and $9,257,291, respectively. At December 31, 2023 and 2022, liabilities of consolidated VIEs totaled $10,096,308 and $8,270,276, 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 Wed Apr 24 2024, market cap of Redwood Trust Inc is 757.88 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 Wed Apr 24 2024, RWT's PE ratio (Price to Earnings) is -333.28 and Price to Sales (PS) ratio is 1.05. 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 -0.068 (multiply by 100 for percentage) rate of return.