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Last $14.12 USD
Change Today -0.30 / -2.08%
Volume 511.2K
RWT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

redwood trust inc (RWT) Snapshot

Open
$14.30
Previous Close
$14.42
Day High
$14.38
Day Low
$14.07
52 Week High
02/5/15 - $20.43
52 Week Low
08/10/15 - $13.95
Market Cap
1.2B
Average Volume 10 Days
602.7K
EPS TTM
$1.28
Shares Outstanding
84.6M
EX-Date
09/11/15
P/E TM
11.1x
Dividend
$1.12
Dividend Yield
7.93%
Current Stock Chart for REDWOOD TRUST INC (RWT)

redwood trust inc (RWT) Related Businessweek News

No Related Businessweek News Found

redwood trust inc (RWT) 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.

233 Employees
Last Reported Date: 08/7/15
Founded in 1994

redwood trust inc (RWT) 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 (RWT) Key Developments

Redwood Trust, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Redwood Trust, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. 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 $37 million a year ago. Net income was $27 million or $0.31 per diluted share compared to $16 million or $0.18 per diluted share a year ago. At June 30, 2015, GAAP book value per share was $14.96 compared $15.03 as at June 30, 2014. The company received $2 million of nonrecurring yield maintenance on 3 commercial mezzanine loans that prepaid during the second quarter. This offset lowered net interest income on residential loans held for sale due to increased sale and securitization activity. For the six months, the company reported Interest income of $127 million compared to $113 million a year ago. Net interest income was $80 million compared to $73 million a year ago. Net income was $42 million or $0.47 per diluted share compared to $28 million or $0.32 per diluted share a year ago.

Redwood Trust, Inc. Declares Dividend for the Third Quarter of 2015, Payable on September 30, 2015

Redwood Trust, Inc. announced that its Board of Directors authorized the declaration of a third quarter regular dividend of $0.28 per share. The third quarter 2015 dividend is payable on September 30, 2015 to stockholders of record on September 15, 2015.

Redwood Trust, Inc. to Report Q2, 2015 Results on Aug 05, 2015

Redwood Trust, Inc. announced that they will report Q2, 2015 results at 4:05 PM, US Eastern Standard Time on Aug 05, 2015

 

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RWT:US $14.12 USD -0.30

RWT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CIM Commercial Trust Corp $15.13 USD 0.00
CYS Investments Inc $7.63 USD -0.10
Gramercy Property Trust Inc $22.02 USD -0.12
iStar Inc $12.19 USD -0.10
PennyMac Mortgage Investment Trust $14.69 USD -0.26
View Industry Companies
 

Industry Analysis

RWT

Industry Average

Valuation RWT Industry Range
Price/Earnings 11.1x
Price/Sales 4.9x
Price/Book 1.0x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful
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