Redwood Trust (RWT) Scheduled to Post Earnings on Tuesday

Redwood Trust (NYSE:RWT) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Redwood Trust to post earnings of $0.09 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Redwood Trust Price Performance

Shares of NYSE:RWT opened at $5.72 on Friday. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 10.12. Redwood Trust has a 1 year low of $5.45 and a 1 year high of $8.30. The business has a fifty day simple moving average of $6.06 and a 200 day simple moving average of $6.65. The firm has a market cap of $752.64 million, a price-to-earnings ratio of -47.67 and a beta of 1.48.

Redwood Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 20th. This represents a $0.64 annualized dividend and a dividend yield of 11.19%. Redwood Trust’s dividend payout ratio is -533.33%.

Wall Street Analyst Weigh In

RWT has been the subject of several recent research reports. Piper Sandler cut their price objective on Redwood Trust from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Wedbush lowered Redwood Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $8.00 to $6.50 in a report on Thursday, April 11th. Keefe, Bruyette & Woods cut their target price on Redwood Trust from $7.75 to $7.25 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Raymond James cut their target price on Redwood Trust from $9.00 to $8.50 and set a “strong-buy” rating on the stock in a report on Friday, January 19th. Finally, Wells Fargo & Company cut their target price on Redwood Trust from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.66.

Redwood Trust Company Profile

Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.