STOCK TITAN

Redwood Trust, Inc. - RWT STOCK NEWS

Welcome to our dedicated page for Redwood Trust news (Ticker: RWT), a resource for investors and traders seeking the latest updates and insights on Redwood Trust stock.

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on credit-sensitive investments in residential loans and other mortgage-related assets. Established in 1994, the company operates as an internally managed real estate investment trust (REIT), aiming to deliver a stable and growing stream of attractive earnings and dividends for its shareholders.

Redwood Trust operates primarily in three segments:

  • Residential Consumer Mortgage Banking: This segment acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through the Sequoia (SEMT) private-label securitization program, or transfer into its investment portfolio.
  • Residential Investor Mortgage Banking: This platform focuses on originating and acquiring business purpose lending loans for further securitization, sale, or integration into the investment portfolio.
  • Investment Portfolio: This segment comprises organic investments sourced through residential and business-purpose mortgage banking operations.

Beyond these core operations, Redwood Trust's team of dedicated and talented professionals plays a pivotal role in driving innovation and maintaining the company's esteemed reputation. The company fosters a non-hierarchical, hard-working, and fun environment that encourages contributions and feedback from all levels within the organization.

The company also earns income through its residential mortgage banking activities, contributing to its financial robustness. Redwood Trust's continuous pursuit of excellence is evident through its strategic initiatives and partnerships designed to enhance shareholder value.

Stay updated with Redwood Trust's latest developments, partnerships, and financial performances through recent news and updates provided below:

  • Latest News: Source: Redwood Trust, Inc.
  • --- News Item 1 ---
  • --- News Item 2 ---
  • --- News Item 3 ---
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
Tags
-
Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) is set to release its first quarter 2023 results on April 27, 2023, after market close. The company's management will hold a conference call at 2:00 PM PT / 5:00 PM ET to discuss these results. Investors can access the live webcast on Redwood's Investor Relations page. A replay of the call will be available until May 11, 2023.

Redwood specializes in providing housing credit through various platforms, catering to segments of the housing market underserved by government programs. The company aims to deliver attractive returns via earnings, dividends, and capital appreciation while leveraging its expertise in residential, business purpose, and multifamily assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) has declared its first quarter 2023 common stock dividend of $0.23 per share, marking the company's 95th consecutive quarterly dividend, payable on March 31, 2023. The Board also approved a preferred stock dividend of $0.60417 for the Series A stock, payable on April 17, 2023. As of March 13, 2023, Redwood holds approximately $370 million in unrestricted cash and cash equivalents, emphasizing its solid liquidity positioned to support long-term investments. The company maintains approximately $4.1 billion in available warehouse capacity while avoiding borrowings from banks currently in FDIC receivership.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
dividends
-
Rhea-AI Summary

Redwood Trust, Inc. (NYSE:RWT) reported its fourth quarter 2022 financial results, showing a GAAP net loss of $(0.40) per diluted share, driven primarily by unrealized net fair value changes on long-term investments. The company’s book value per common share decreased by 6.2% to $9.55. Despite challenges in the market, Redwood deployed $74 million in new investments and maintained stable credit performance with low delinquencies. The company also declared a quarterly dividend of $0.23 per share. As of February 7, 2023, Redwood held $400 million in cash and raised $70 million through a preferred stock offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
-
Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) will release its fourth quarter 2022 results on February 9, 2023, after market close. The company's management will discuss financial outcomes in a conference call at 2:00 PM PT / 5:00 PM ET. Investors can access the call via Redwood's Investor Relations website. A replay will be available until February 23, 2023. Redwood Trust specializes in providing liquidity in U.S. housing finance through various asset classes, including residential and multifamily investments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
Rhea-AI Summary

Redwood Trust (NYSE: RWT) disclosed tax information related to its 2022 dividend distributions, totaling $0.92 per share, with each quarterly distribution amounting to $0.23. For tax purposes, 58% of these distributions are classified as ordinary income and 42% as qualified dividends. The total dividends paid in 2022 amounted to $107,340,446. Shareholders should consult their tax advisors regarding the federal and state implications of these distributions, as none are classified as return of capital or long-term capital gains. Redwood Trust is a REIT focused on housing credit solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
dividends
-
Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) announced a public offering of 2,600,000 shares of its Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, priced at $25.00 per share, generating gross proceeds of $65.0 million. A 30-day over-allotment option for an additional 390,000 shares has been granted to underwriters. Proceeds will be used for corporate purposes, including repaying convertible senior notes, funding business activities, and acquiring mortgage-backed securities. The offering is set to close on January 18, 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
Tags
-
Rhea-AI Summary

Redwood Trust, Inc. (NYSE: RWT) has declared a $0.23 per share dividend for Q4 2022, marking its 94th consecutive quarterly payout. The dividend is payable on December 28, 2022, to stockholders on record as of December 20, 2022. As a specialty finance company focused on housing credit, Redwood aims to provide attractive returns through stable earnings, dividends, and capital appreciation. The company operates across three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio, emphasizing innovation and liquidity in the housing market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
dividends
Rhea-AI Summary

Redwood Trust reported Q3 2022 financial results, highlighting a GAAP net loss of $(0.44) per diluted share, with a book value per share of $10.18, down 5.6% from Q2 2022. The company generated Non-GAAP Earnings Available for Distribution of $0.16 per share. Key operations included $167 million in new investments and $570 million in funded business purpose loans. Despite challenging market conditions, Redwood maintained a robust balance sheet with $297 million in cash and significant unused financing capacity. The company declared a quarterly dividend of $0.23, demonstrating ongoing commitment to shareholder returns.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags

FAQ

What is the current stock price of Redwood Trust (RWT)?

The current stock price of Redwood Trust (RWT) is $6.77 as of December 20, 2024.

What is the market cap of Redwood Trust (RWT)?

The market cap of Redwood Trust (RWT) is approximately 894.8M.

What is Redwood Trust, Inc.?

Redwood Trust, Inc. is a specialty finance company focused on credit-sensitive investments in residential loans and other mortgage-related assets.

When was Redwood Trust, Inc. established?

Redwood Trust, Inc. was established in 1994.

What does Redwood Trust, Inc. specialize in?

The company specializes in residential loans, mortgage-related assets, and mortgage banking activities.

How is Redwood Trust, Inc. structured for tax purposes?

It is structured as a real estate investment trust (REIT) for tax purposes.

What are the main segments of Redwood Trust, Inc.?

The main segments are Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio.

How does Redwood Trust, Inc. generate income?

The company generates income through residential mortgage banking activities and investments in mortgage-related assets.

What is the Sequoia (SEMT) private-label securitization program?

It is a program through which Redwood Trust securitizes residential loans for investment purposes.

What is the corporate culture at Redwood Trust, Inc.?

The company has a non-hierarchical, hard-working, and fun environment that values contributions and feedback from all levels.

What is the goal of Redwood Trust, Inc.?

The goal is to deliver a stable and growing stream of attractive earnings and dividends for its shareholders.

How can I stay updated with Redwood Trust, Inc. news?

You can stay updated by following the latest news and updates provided on their official channels and stock market websites.

Redwood Trust, Inc.

NYSE:RWT

RWT Rankings

RWT Stock Data

894.78M
130.70M
1.19%
81.29%
3.14%
REIT - Mortgage
Real Estate Investment Trusts
Link
United States of America
MILL VALLEY