Last $19.82 USD
Change Today -0.36 / -1.78%
Volume 344.0K
RWT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

redwood trust inc (RWT) Snapshot

Open
$20.09
Previous Close
$20.18
Day High
$20.15
Day Low
$19.68
52 Week High
04/30/14 - $21.90
52 Week Low
10/7/14 - $15.97
Market Cap
1.7B
Average Volume 10 Days
749.3K
EPS TTM
$1.11
Shares Outstanding
83.3M
EX-Date
12/11/14
P/E TM
17.8x
Dividend
$1.12
Dividend Yield
5.65%
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, 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."

Redwood Trust, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Redwood Trust, Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of $63 million compared to $58 million a year ago. Net interest income was $40 million compared to $36 million a year ago. Net interest income after provision was $42 million compared to $34 million a year ago. Net income was $45 million or $0.50 per diluted share compared to $22 million or $0.25 per diluted share a year ago. The company reported estimated REIT taxable income of $18 million, or $0.21 per share, for the third quarter of 2014. This compares to estimated REIT taxable income of $14 million, or $0.17 per share, for the second quarter of 2014 and REIT taxable income of $20 million, or $0.24 per share, for the third quarter of 2013. Revenue was $71 million up 73% from the same quarter a year ago. Book value per share was $15.21 compared to $15.03 for the second quarter of 2014. The increase in GAAP book value per share was primarily driven by GAAP earnings that more than covered third quarter dividend of $0.28 per share, in addition to covering a decline in the value of hedges on long-term debt. For the nine months, the company reported interest income of $177 million compared to $169 million a year ago. Net interest income was $113 million compared to $107 million a year ago. Net interest income after provision was $114 million compared to $107 million a year ago. Net income was $73 million or $0.84 per diluted share compared to $148 million or $1.65 per diluted share a year ago.

 

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RWT Competitors

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Company Last Change
Blackstone Mortgage Trust Inc $29.35 USD -0.19
Capstead Mortgage Corp $12.68 USD -0.12
CIM Commercial Trust Corp $16.00 USD +0.38
Hatteras Financial Corp $18.38 USD -0.26
iStar Financial Inc $13.22 USD -0.11
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Industry Analysis

RWT

Industry Average

Valuation RWT Industry Range
Price/Earnings 18.4x
Price/Sales 8.4x
Price/Book 1.3x
Price/Cash Flow 17.1x
TEV/Sales NM Not Meaningful
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