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Last €13.99 EUR
Change Today +0.101 / 0.73%
Volume 0.0
R2V On Other Exchanges
Symbol
Exchange
New York
As of 1:53 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

redwood trust inc (R2V) Snapshot

Open
€13.87
Previous Close
€13.89
Day High
€13.99
Day Low
€13.79
52 Week High
01/27/15 - €18.18
52 Week Low
10/7/14 - €12.61
Market Cap
1.2B
Average Volume 10 Days
24.0
EPS TTM
--
Shares Outstanding
84.3M
EX-Date
06/12/15
P/E TM
--
Dividend
€1.09
Dividend Yield
6.84%
Current Stock Chart for REDWOOD TRUST INC (R2V)

redwood trust inc (R2V) Related Businessweek News

No Related Businessweek News Found

redwood trust inc (R2V) Details

Redwood Trust, Inc., together with its subsidiaries, focuses on investing in mortgage-and other real estate-related assets; and engaging in residential and commercial mortgage banking activities in the United States. The company operates through three segments: Residential Mortgage Banking, Residential Investments, and Commercial Mortgage Banking and Investments. The Residential Mortgage Banking segment operates a mortgage loan conduit, which acquires residential whole loans from third-party originators for sale, securitization, or transfer to investment portfolio. This segment also includes derivative financial instruments and interest-only securities retained from Sequoia securitizations to manage risks associated with acquired residential loans. The Residential Investments segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations and issued by third parties; residential loans held for investment; mortgage servicing rights associated with residential loans; and derivative financial instruments to manage risks associated with its residential investment portfolio. The Commercial Mortgage Banking and Investments segment engages in the commercial mortgage banking operations, as well as provides commercial real estate loans and derivative financial instruments to manage risks associated with its commercial loan origination activities. 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.

232 Employees
Last Reported Date: 05/7/15
Founded in 1994

redwood trust inc (R2V) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $725.0K
President
Total Annual Compensation: $575.0K
Chief Financial Officer
Total Annual Compensation: $400.0K
Managing Director, General Counsel and Secret...
Total Annual Compensation: $375.0K
Chief Investment Officer
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

redwood trust inc (R2V) Key Developments

Redwood Trust, Inc. Declares Dividend for the Second Quarter of 2015, Payable on June 30, 2015

Redwood Trust, Inc. announced that its Board of Directors authorized the declaration of a second quarter regular dividend of $0.28 per share. The second quarter 2015 dividend is payable on June 30, 2015 to stockholders of record on June 16, 2015.

Redwood Trust, Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Redwood Trust, Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. The company reported net income for the first quarter of 2015 of $15 million, or $0.16 per fully diluted share. This compares to net income of $27 million, or $0.31 per fully diluted share, for the fourth quarter of 2014 and net income of $12 million, or $0.14 per fully diluted share, for the first quarter of 2014. Interest income was $64 million compared to $55 million a year ago. Net interest income was $40 million compared to $36 million a year ago. The company also reported estimated REIT taxable income of $15 million, or $0.18 per share, for the first quarter of 2015. This compares to estimated REIT taxable income of $16 million, or $0.19 per share, for the fourth quarter of 2014 and estimated REIT taxable income of $15 million, or $0.19 per share, for the first quarter of 2014. Earnings declined from the prior quarter primarily as a result of lower margins on jumbo loan sales as well as negative market valuation adjustments on mortgage servicing rights (MSRs) due to declining benchmark interest rates. GAAP book value at March 31, 2015, was $15.01 per share, as compared to $15.05 per share at December 31, 2014 and $15.14 at March 31, 2014. The decline in earnings and its impact on book value was largely offset by cumulative hedging results – much of which was not reflected in earnings. March 31, 2015 book value also reflects the $0.28 per share dividend they paid to shareholders in the first quarter. Net interest income declined by $1 million, largely due to lower average balances of loans held-for-sale, and the recognition of a full quarter of interest expense on the exchangeable debt offering they completed in the fourth quarter of 2014. Average total assets were1.01% compared to 1.03% a year ago. GAAP ROE was 4.69% compared to 3.97% a year ago. Falling interest rates, combined with elevated interest rate volatility, led to spread widening on jumbo loan pipeline, adversely impacting first quarter results. The company invested $133 million in the first quarter and $159 million in the fourth quarter, up from $15 million in the first quarter of 2014.

Redwood Trust, Inc. to Report Q1, 2015 Results on May 04, 2015

Redwood Trust, Inc. announced that they will report Q1, 2015 results at 4:05 PM, US Eastern Standard Time on May 04, 2015

 

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R2V:GR €13.99 EUR +0.101

R2V Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CIM Commercial Trust Corp $15.21 USD -0.77
CYS Investments Inc $7.79 USD +0.03
Gramercy Property Trust Inc $24.27 USD -0.19
Hatteras Financial Corp $16.25 USD -0.01
PennyMac Mortgage Investment Trust $17.90 USD +0.14
View Industry Companies
 

Industry Analysis

R2V

Industry Average

Valuation R2V Industry Range
Price/Earnings 13.2x
Price/Sales 5.6x
Price/Book 1.0x
Price/Cash Flow 12.7x
TEV/Sales NM Not Meaningful
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