Last $20.25 USD
Change Today +0.43 / 2.17%
Volume 212.3K
RWT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

redwood trust inc (RWT) Snapshot

Open
$19.92
Previous Close
$19.82
Day High
$20.27
Day Low
$19.86
52 Week High
04/30/14 - $21.90
52 Week Low
10/7/14 - $15.97
Market Cap
1.7B
Average Volume 10 Days
738.1K
EPS TTM
$1.11
Shares Outstanding
83.3M
EX-Date
12/11/14
P/E TM
18.2x
Dividend
$1.12
Dividend Yield
5.53%
Current Stock Chart for REDWOOD TRUST INC (RWT)

redwood trust inc (RWT) Related Businessweek News

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redwood trust inc (RWT) Details

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates in three segments: Residential Mortgage Banking, Residential Investments, and Commercial Mortgage Banking and Investments. The Residential Mortgage Banking segment operates a mortgage loan platform, which sells, finances, and securitizes residential loans that are acquired from third-party originators. This segment also invests in various derivative financial instruments and interest-only securities. The Residential Investments segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations and issued by third parties; and mortgage servicing rights associated with residential loans. The Commercial Mortgage Banking and Investments segment is engaged in the commercial mortgage banking operations; and provides commercial real estate loans. It qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, the company intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was founded in 1994 and is headquartered in Mill Valley, California.

141 Employees
Last Reported Date: 02/26/14
Founded in 1994

redwood trust inc (RWT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $700.0K
President
Total Annual Compensation: $575.0K
Chief Financial Officer
Total Annual Compensation: $350.0K
Managing Director, General Counsel and Secret...
Total Annual Compensation: $350.0K
Chief Investment Officer
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

redwood trust inc (RWT) Key Developments

Redwood Trust Appoints Karen Pallotta to Its Board of Directors

Redwood Trust, Inc. announced that Karen R. Pallotta has joined its Board of Directors. Ms. Pallotta was employed at Fannie Mae for more than 20 years until her retirement in 2011. At Fannie Mae she served in various leadership roles, most recently as Executive Vice President of its Single Family Credit Guaranty business, a role she assumed during the height of the financial crisis and subsequent to Fannie Mae's government conservatorship.

Redwood Trust, Inc. Provides Dividend Guidance for Each Quarter of 2015

Redwood Trust, Inc. announced that its Board of Directors declared its intention to continue to pay a regular dividend of $0.28 per share per quarter in 2015.

Redwood Trust And RWT Holdings Mulls Acquisitions

Redwood Trust, Inc. (NYSE:RWT) and RWT Holdings, Inc. are seeking acquisitions. Redwood Trust and RWT are planning to raise funds via a private offering and plans to use part of proceeds for acquisitions. Redwood Trust said, "Redwood and Holdings intend to use the net proceeds from this offering to fund the business and investment activity of Redwood and its subsidiaries, which may include funding purchases of residential mortgage loans, funding the origination of commercial loans and acquiring mortgage-backed securities for their investment portfolio, as well as for other general corporate purposes."

 

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RWT:US $20.25 USD +0.43

RWT Competitors

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Company Last Change
Blackstone Mortgage Trust Inc $29.50 USD +0.15
Capstead Mortgage Corp $12.77 USD +0.09
CIM Commercial Trust Corp $17.03 USD +1.03
Hatteras Financial Corp $18.63 USD +0.25
iStar Financial Inc $13.41 USD +0.19
View Industry Companies
 

Industry Analysis

RWT

Industry Average

Valuation RWT Industry Range
Price/Earnings 18.1x
Price/Sales 8.2x
Price/Book 1.3x
Price/Cash Flow 16.7x
TEV/Sales NM Not Meaningful
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