RWT Stock Recent News

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, s.

Redwood Trust's baby bonds offer a 9% yield to maturity, making them a safer investment amid higher interest rates and lower mortgage demand. Despite declining net interest income due to rising rates, Redwood Trust maintains positive net interest income and has grown its loan portfolio and shareholder equity in 2024. Interest rates and loan delinquencies are key risks, but Redwood Trust's ability to manage these factors supports the stability of its baby bonds.

Redwood Trust is rated a buy due to its 11% dividend yield, potential growth from lower rates, and strong homebuilder optimism. The company focuses on residential loans and mortgages, with a stable book value and a discounted P/B ratio of 0.76x. Lower mortgage rates may increase capital deployment, improving earnings and book value, supported by management's positive outlook and increased capital deployment.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is pleased to announce updates to its residential consumer operating platforms that reflect the Company's continued commitment to innovation and growth in housing finance. First, Redwood is expanding the mandate of its home equity platform, Aspire, to include a set of alternative loan products that complement its existing home equ.

mREIT stocks like NREF, ARR, and RWT are well-poised to navigate industry volatility and generate returns in 2025.

Redwood Trust (RWT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a fourth quarter 2024 regular common stock dividend of $0.18 per share, a 5.9% increase from the third quarter of 2024. This marks the Co.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2024 results on Wednesday, October 30, 2024 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its third quarter 2024 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Ti.

Redwood Trust's Series A preferred shares offer a 10% coupon but are subordinate to debentures, making them riskier in a restructuring scenario. The REIT's heavy near-term debt load and low earnings due to high rates make debentures, yielding close to 9%, more attractive. Preferred shares will perform well only in a 'goldilocks' scenario with lower mortgage rates and stable credit spreads, which is uncertain.

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