Redwood Trust Inc. (NYSE:RWT) closed Tuesday at $5.95 per share, up from $5.90 a day earlier. While Redwood Trust Inc. has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RWT fell by -54.12%, with highs and lows ranging from $14.17 to $5.86, whereas […]
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Redwood Trust with ticker code (RWT) now have 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 13.5 and 8.5 calculating the mean target price we have 10.75. Given that the stocks previous close was at 6.53 this would imply there is a potential upside of 64.6%. The 50 day MA is 7.89 and the 200 moving average now moves to 9.83. The market capitalisation for the company is $760m. You can visit the company''s website by visiting: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,251m based on the market concensus. Redwood Trust, 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.
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Gainers: Altisource Portfolio Solutions (ASPS) +9%. Virtu Financial (VIRT) +9%.Losers: Chimera Investment (CIM) -9%. SelectQuote (SLQT) -9%. eHealth (EHTH) -9%. Redwood Trust…
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Wednesday marks the last chance for investors to receive the next dividend payout from Redwood Trust (NYSE: RWT ). What''s Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 23 cents per share. On Thursday, Redwood Trust will go ex-dividend, meaning the stock will trade lower to reflect that payout. In … Full story available on Benzinga.com
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Redwood Trust Inc. (NYSE:RWT) closed Wednesday at $7.35 per share, up from $7.09 a day earlier. While Redwood Trust Inc. has overperformed by 3.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RWT fell by -41.71%, with highs and lows ranging from $14.17 to $6.57, whereas […]
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Redwood Trust (NYSE:RWT) declares $0.23/share quarterly dividend, in line with previous.Forward yield 12.99%Payable Sept. 30; for shareholders of record Sept. 23; ex-div Sept.
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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 authorized the declaration of a third quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company''s 93rd consecutive quarterly dividend. The third quarter 2022 dividend is payable on September 30, 2022 to stockholders of record on September 23, 2022. About Redwo
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Redwood Trust Inc. (NYSE:RWT) marked $7.18 per share on Thursday, up from a previous closing price of $7.14. While Redwood Trust Inc. has overperformed by 0.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RWT fell by -42.10%, with highs and lows ranging from $14.17 to […]
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As the U.S. 2-Year Treasury Yield has remained inversely related to the U.S. 10-Year Treasury Yield for some time now, this has signaled concerns for many investors and economists, as historically this points to a recession ahead. What Happened: The U.S. 2-Year Treasury Yield is currently at 3.437%, which is more than double the average corporate dividend yield in the SPDR S&P 500 (ARCA: SPY), which is at 1.57% on Friday. With short-term treasury bonds offering higher yields than companies in the S&P 500, this could help gain traction for the 60/40 portfolio previously abandoned by many investors. Among the stocks being impacted by the market down turn are real estate investment trusts (REIT). The BTIG Analyst: Eric Hagen downgraded Redwood Trust (NYSE: RWT ) to Neutral from its previous Buy rating with a past price target of $10.50 per share, as they currently … Full story available on Benzinga.com
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Redwood Trust current valuation is very cheap. Would buying RWT stock today earn a 12.5% dividend yield for the foreseeable future? Click here to find out.
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Currently, Redwood Trust Inc.’s (RWT) stock is trading at $7.41, marking a fall of -4.39% from last night’s close. At this price, the stock is -47.71% below its 52-week high of $14.17 and 12.79% above its 52-week low of $6.57. Based on the past 30-day period, the stock price is -13.85% below the high and […]
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BTIG analyst Eric Hagen downgraded Redwood Trust (RWT) to Neutral on Wednesday, in line with his ratings on most non-Agency mortgage REITs, due to uncertainty surrounding interest rates…
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Redwood Trust with ticker code (RWT) have now 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 13.5 and 10 calculating the average target price we see 11.06. Given that the stocks previous close was at 8.38 this would indicate that there is a potential upside of 32.0%. The 50 day moving average now sits at 8.11 and the 200 day MA is 10.68. The market capitalisation for the company is $994m. Find out more information at: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,311m based on the market concensus. Redwood Trust, 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.
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Redwood Trust with ticker code (RWT) now have 8 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 13.5 and 10 calculating the mean target price we have 11.06. With the stocks previous close at 8.3 this now indicates there is a potential upside of 33.3%. The day 50 moving average is 8.15 while the 200 day moving average is 10.7. The company has a market cap of $978m. Company Website: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,304m based on the market concensus. Redwood Trust, 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.
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Hi. I''m Aaron Weinman . Kewsong Lee, Carlyle''s chief executive, will step down and leave the private-equity firm with immediate effect, months before the scheduled end of his five-year contract. Lee — considered a Carlyle change agent — reshaped the investment giant, but struggled to lift its share price near peers like Blackstone, KKR, and Apollo. Let''s dive in. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Kewsong Lee, Carlyle''s chief executive, has called time on his journey with the private-equity firm. Carlyle, which manages $376 billion in assets, named William Conway, a co-founder and former CEO of the firm, as interim chief executive until a replacement is found. Under Lee''s leadership, Carlyle reduced the number of funds it managed, integrated its buyouts and growth-investing groups last year, placed a heavy emphasis on growing its capabilities in credit , and hired Mark Jenkins from the Canada Pension Plan Investment Board to lead the credit platform.
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Redwood Trust with ticker code (RWT) have now 8 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 13.5 and 10 calculating the mean target price we have 11.06. With the stocks previous close at 8.09 this now indicates there is a potential upside of 36.7%. There is a 50 day moving average of 8.33 and the 200 moving average now moves to 10.84. The market capitalisation for the company is $943m. You can visit the company''s website by visiting: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,290m based on the market concensus. Redwood Trust, 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.
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Redwood Trust, Inc. (NYSE:NYSE:RWT) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President of Investor Relations Chris Abate…
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WASHINGTON (dpa-AFX) - Below are the earnings highlights for Redwood Trust, Inc. (RWT):Earnings: -$100 million in Q2 vs. $90 million in the same period last year. EPS: -$0.85 in Q2 vs. $0.66 in th…
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Redwood Trust (RWT) on Thursday announced a $125M stock repurchase program.The program, which replaces RWT''s existing $100M stock repurchase program, has no time limit and may be…
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REDWOOD TRUST ANNOUNCES $125 MILLION COMMON STOCK REPURCHASE PROGRAM
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Redwood Trust (NYSE: RWT ) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here''s what investors need to know before the announcement. Analysts estimate that Redwood Trust will report an earnings per share (EPS) of $0.22. Redwood Trust bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
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Redwood Trust found using ticker (RWT) now have 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 13.5 and 10 calculating the mean target price we have 11.13. With the stocks previous close at 8.3 this would imply there is a potential upside of 34.1%. The day 50 moving average is 8.6 while the 200 day moving average is 11.11. The market cap for the company is $992m. Find out more information at: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,331m based on the market concensus. Redwood Trust, 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.
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https://www.investing.com/news/pro/redwood-trust-pt-lowered-to-12-at-jefferies-432SI-2850711
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Redwood Trust found using ticker (RWT) have now 8 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 16 and 10 with a mean TP of 12.19. With the stocks previous close at 7.95 this indicates there is a potential upside of 53.3%. The day 50 moving average is 8.94 while the 200 day moving average is 11.35. The market cap for the company is $964m. You can visit the company''s website by visiting: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,477m based on the market concensus. Redwood Trust, 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.
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Redwood Trust found using ticker (RWT) have now 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 16 and 10 calculating the mean target price we have 12.19. With the stocks previous close at 7.71 this indicates there is a potential upside of 58.1%. The day 50 moving average is 9.02 and the 200 day moving average is 11.44. The market capitalisation for the company is $948m. Company Website: https://www.redwoodtrust.com [stock_market_widget type="chart" template="basic" color="green" assets="RWT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,499m based on the market concensus. Redwood Trust, 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.
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Redwood Trust''s (RWT) CoreVest American Finance Lender unit closed on Wednesday a $313M securitization backed by single-family rental loans
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CoreVest American Finance Lender, LLC (“CoreVest”), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., announced today that it received a MOR CS3 commercial mortgage special servicer ranking from DBRS Morningstar. This is CoreVest’s first special servicer ranking. DBRS Morningstar highlights “CoreVest’s successful performance” in
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Analysts have provided the following ratings for Redwood Trust (NYSE: RWT ) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 These 4 analysts have an average price target of $13.0 versus the current price of Redwood Trust at $9.075, implying upside. Below is a summary of how these 4 analysts rated Redwood Trust over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the … Full story available on Benzinga.com
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MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST ANNOUNCES DIVIDEND OF $0.23 PER SHARE FOR THE SECOND QUARTER OF 2022
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Redwood Trust (RWT) has priced $200M aggregate principal amount of its 7.75% convertible senior notes due 2027.The offering was upsized from the previously announced…
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BTIG Stick to Their Buy Rating for Redwood Trust
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MILL VALLEY, Calif. , July 14, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leader in expanding access to housing for homebuyers and renters, today announced a business update for the quarter ended June 30, 2021 , in advance of its upcoming financial results conference call. Second Quarter Business Update: Originated $527 million of business purpose loans; funding mix of approximately 60% single-family rental loans and 40% bridge loans Locked $3.9 billion (1) of residential loans with over 110 discrete sellers Lock mix of approximately: 85% Select loans and 15% Choice loans; 60% purchase money loans and 40% refinancings Funded two transactions through our RWT Horizons initiative including a previously-announced investment in Liquid Mortgage and an early-stage investment in a tech-enabled residential construction management platform Announced strategic investment in Churchill Finance, expanding our business purpose lending sourcing channels, and closed first purchase of smaller balance single-family rental loans from Churchill in July Completed four non-agency securitizations across Residential and Business-Purpose Lending Completed three Sequoia securitizations (2) backed by $1.5 billion of jumbo residential loans in aggregate Completed CAFL 2021-1, backed by $276 million of single-family rental loans Distributed $1.8 billion of jumbo residential loans through whole loan sales Settled calls of three Sequoia securitizations, purchasing $83 million of seasoned jumbo residential loans at
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Redwood Trust Inc. (RWT) shares closed today at 1.8% below its 52 week high of $12.52, giving the company a market cap of $1B. The stock is currently flat year-to-date, up 104.3% over the past 12 months, and up 22.9% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 0.4%. Trading Activity Trading volume this week was 2.4% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.9. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date is the same as the peer average. The company's stock price performance over the past 12 months beats the peer average by 84.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -84.9% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Redwood Trust (RWT) declared a quarterly dividend of $0.18 per share for the second quarter, up 12. The post Redwood Trust Bumps Up Dividend By 12.5%; Shares Rise 2.3% appeared first on Smarter Analyst .
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MILL VALLEY, Calif. , June 10, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ) today announced that its Board of Directors authorized a 13% increase in the company''s quarterly common stock dividend to $0.18 per share for the second quarter of 2021, up from $0.16 per share for the first quarter of 2021. This marks the company''s 88th consecutive quarterly dividend. The second quarter 2021 dividend is payable on June 30, 2021 to stockholders of record on June 23 , 2021. "We are pleased to increase the dividend we pay to shareholders. The Full story available on Benzinga.com
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Redwood Trust Inc. (RWT) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 34.2% year-to-date, up 75.3% over the past 12 months, and up 15.7% over the past five years. This week, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 rose 0.5%. Trading Activity Trading volume this week was 21.7% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 31.1% The company's stock price performance over the past 12 months beats the peer average by 85.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -86.2% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Redwood Trust found using ticker (RWT) now have 7 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 14.5 and 11.5 with the average target price sitting at 12.71. With the stocks previous close at 11.26 this now indicates there is a potential upside of 12.9%. The 50 day moving average now sits at 10.85 while the 200 day moving average is 9.82. The company has a market capitalisation of $1,302m. Company Website: /> [stock_market_widget type="chart" symbol="RWT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Redwood Trust, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments. The Residential Lending segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.
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Redwood Trust Inc. (RWT) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 33.2% year-to-date, up 73.9% over the past 12 months, and up 14.8% over the past five years. This week, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 rose 0.6%. Trading Activity Trading volume this week was 22.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 38.4% The company's stock price performance over the past 12 months beats the peer average by 93.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -86.0% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Analysts expect that Redwood Trust, Inc. (NYSE:RWT) will announce sales of $24.14 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Redwood Trusts earnings. The lowest sales estimate is $19.43 million and the highest is $27.00 million. Redwood Trust reported sales of $27.00 million during the same quarter []
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MILL VALLEY, Calif. , May 7, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leader in expanding access to housing for homebuyers and renters, today announced that Brooke Carillo will join Redwood to serve as its next Chief Financial Officer. Ms. Carillo is expected to start at Redwood in May 2021 and will report to Redwood's Chief Executive Officer, Chris Abate . Mr. Abate stated, "We are very pleased to welcome Brooke to Redwood. She brings to us a valuable blend of strategic acumen, industry relationships and transactional experience, which will further strengthen our leadership team." Ms. Carillo commented, "I am thrilled to join Redwood during this stage of corporate innovation and rapid progress. I share the excitement of my fellow team members about the extraordinary opportunity ahead of us to expand the company's leadership position within a sector that is only growing in scale and importance." Ms. Carillo brings a strong and … Full story available on Benzinga.com
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MILL VALLEY, Calif. , April 28, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2021. Key Financial Results and Metrics GAAP net income was $97 million , or $0.72 per diluted common share GAAP book value per common share was $10.76 at March 31, 2021 Economic return on book value (1) of 10% Recourse leverage ratio (2) of 1.9x at March 31, 2021 Declared and paid a regular quarterly dividend of $0.16 per common share for the first quarter Operating Business Highlights Residential Lending Locked a record $4.6 billion (3) of jumbo residential loans, up 22% from the fourth quarter of 2020; loan purchase commitments were $3.5 billion (4) , up 41% from the fourth quarter of 2020 Lock mix (3) was approximately 38% purchase money loans and 62% refinancing; 95% Select loans and 5% Choice loans Loan pipeline at March 31, 2021 included $3.3 billion of loans identified for purchase, up 7% from the fourth quarter of 2020 Purchased $3.1 billion of jumbo loans and sold $1.4 billion of whole loans Completed two securitizations backed by $876 million of Select jumbo loans, in aggregate Exercised call options on three Sequoia securitizations, acquiring $19 million of jumbo loans in March and $56 million in April As of March 31, 2021 , funded $274 million of residential loan purchases through "Rapid Funding" since inception, a proprietary technology-enabled program that significantly accelerates purchase timelines for qualified originators _____________________ (1) Economic return on book value is based on the period change in GAAP book value per common share plus dividends declared per common share in the period. (2) Recourse leverage ratio is defined as recourse debt at Redwood divided by tangible stockholders' equity.
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Redwood Trust Inc. shares closed today at 1.4% below its 52 week high of $10.79, giving the company a market cap of $1B. The stock is currently up 23.0% year-to-date, up 242.5% over the past 12 months, and up 21.7% over the past five years. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 0.1%. Trading Activity Trading volume this week was 1.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 21.1% The company's stock price performance over the past 12 months beats the peer average by 256.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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MILL VALLEY, Calif. , April 22, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ) a leader in expanding access to housing for homebuyers and renters, today announced a minority preferred equity investment in Churchill Finance ("Churchill"), a vertically-integrated real estate finance company based in New York, NY . Operating since 2014, Churchill focuses on the origination, aggregation, and asset management of real estate credit products backed by residential, multifamily and commercial properties. The investment will help grow and diversify the asset sourcing channels for CoreVest, a Redwood Trust company and the market's leading lender to residential real estate investors. The investment will also provide growth capital for Churchill as well as access to additional capital markets expertise. Investment proceeds will be used for a combination of capital to invest in strategic growth initiatives of Churchill, and for deployment into financial assets originated by Churchill across its investment verticals.
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MILL VALLEY, Calif. , April 19, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ) a leader in expanding access to housing for homebuyers and renters, today announced an investment in Liquid Mortgage , a patent-pending startup that provides life-of-loan infrastructure to digitize, track documentation, facilitate payments, and record additional information on a blockchain. This is the third investment under Redwood's recently launched RWT Horizons venture investment strategy. Redwood and Liquid Mortgage ("the Companies") share a common vision of utilizing blockchain technology within the current market infrastructure, rather than attempting to reinvent it. The investment is the culmination of a several month engagement between the Companies, during which they developed an actionable strategy for achievable and beneficial improvements to targeted elements of the mortgage ecosystem. The Companies are initially focused on how blockchain can improve certain processes in the non-agency mortgage sector, specifically post-close purchase activities, servicing, securitization, and secondary trading.
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MILL VALLEY, Calif. , April 16, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leader in expanding access to housing for homebuyers and renters, today announced a business update for the quarter ended March 31, 2021 in advance of its upcoming financial results conference call. First Quarter Business Update: Locked $4.6 billion (1) of residential loans with over 110 discrete sellers; lock mix of 95% Select loans and 5% Choice loans Originated $384 million of business purpose loans; funding mix of 66% single-family rental loans and 34% bridge loans Announced first investments under recently launched RWT Horizons venture investing strategy focused on early and mid-stage companies driving innovation in financial and real estate technology, and digital infrastructure Onboarded approximately 40 historical Sequoia securitizations (aggregate notional value at issuance of $17.3 billion ) onto the dv01 capital markets technology platform to provide investors secure, real-time data and transparency on the underlying loan performance of these securitizations Completed three securitizations across Residential and Business-Purpose Lending Completed SEMT 2021-1 and SEMT 2021-2, backed by $527 million and $348 million of jumbo residential loans, respectively Completed the ramp-up on CAFL 2020-P1 (2) , providing $200 million in financing for single-family rental loans Exercised one SEMT call option taking Full story available on Benzinga.
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MILL VALLEY, Calif. , March 22, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ) a leader in expanding access to housing for homebuyers and renters, today announced two technology investments under its recently launched RWT Horizons venture, a strategy focused on early and mid-stage companies driving innovation in financial and real estate technology, and digital infrastructure. Investments made through Horizons are designed to support companies whose technologies are accretive to Redwood's businesses, including its residential and business-purpose lending platforms. The company also announced that Ryan McBride , the Chief Operating Officer at CoreVest (a Redwood Trust company and the market's leading lender to residential real estate investors) has expanded his responsibilities and taken on the additional role of Chief Investment Officer of RWT Horizons. In this position, Ryan will lead the development and execution of the RWT Horizons strategy for capital deployment and strategic partnerships.
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Redwood Trust Inc. shares closed today at 1.1% below its 52 week high of $10.87, giving the company a market cap of $1B. The stock is currently up 22.4% year-to-date, up 76.0% over the past 12 months, and up 20.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 fell 0.8%. Trading Activity Trading volume this week was 13.9% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 0.8% higher than its 5-day moving average, 5.9% higher than its 20-day moving average, and 16.2% higher than its 90-day moving average.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 165.2% The company's stock price performance over the past 12 months beats the peer average by 75.2%
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MILL VALLEY, Calif. , Feb. 10, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2020. Key Financial Results and Metrics GAAP net income was $54 million , or $0.42 per diluted common share GAAP book value per common share was $9.91 at December 31, 2020 Economic return on book value (1) of 7% Recourse leverage ratio (2) of 1.3x at December 31, 2020 Declared and paid a regular quarterly dividend of $0.14 per common share for the fourth quarter Operating Business Highlights Residential Lending Locked a record $3.8 billion (3) of jumbo residential loans, up 81% from the third quarter 2020; loan purchase commitments were $2.5 billion (4) , up 108% from the third quarter 2020 Loan pipeline at December 31, 2020 included $3.1 billion of loans identified for purchase, up 72% from the third quarter of 2020 Purchased $1.6 billion of jumbo loans and sold $810 million of whole loans Completed two securitizations backed by $669 million of Select jumbo loans, in aggregate, including a $345 million single-investor securitization placed with an insurance company As of January 31, 2021 , funded nearly $120 million of residential loan purchases through "Rapid Funding," a proprietary technology-enabled program that significantly accelerates purchase timelines for qualified originators (1) Economic return on book value is based on the period change in GAAP book value per common share plus dividends declared per common share in the period (2) Recourse leverage ratio is defined as recourse debt at Redwood divided by tangible stockholders' equity.
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MILL VALLEY, Calif. , Jan. 20, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT ), a leading innovator in housing credit investing, today announced a business update for the quarter ended December 31, 2020 in advance of its upcoming financial results conference call. Fourth Quarter Business Update: Locked a record $3.8 billion (1) of residential loans with over 90 discrete sellers, an 81% increase in locks from the third quarter of 2020 Originated $446 million of business purpose loans, up 71% from the third quarter of 2020 Completed the first residential loan purchases through "Rapid Funding", a proprietary technology-enabled program that significantly accelerates purchase timelines for qualified originators Executed four securitizations across Residential and Business-Purpose Lending, including two traditional marketed deals and two innovative single-investor deals placed directly with insurance companies Completed broadly distributed transactions for both the CAFL and Sequoia shelves, in each case with improved execution versus most recent issuance Completed SEMT 2020-5 (2) , backed by $345 million of jumbo residential loans Entered into CAFL 2020-P1 (2) , providing $200 million in financing for single-family rental loans and including a ramp-up feature that enhances capital efficiency and reduces reliance on traditional warehouse funding During the quarter, the Company estimates the fair value of its securities …
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MILL VALLEY, Calif., Jan. 5, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) a leading innovator in housing credit investing, today announced that Chris Abate, Chief Executive Officer, Dash Robinson, President, and Fred Matera, Head of Residential, will participate in the 23rd Annual…
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