RWT Stock Recent News

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 second quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a second quarter 2024 regular common stock dividend of $0.16 per share. This marks the Company's 100th consecutive quarterly common divid.

Redwood Trust, Inc. (NYSE:RWT ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executive Officer Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Rick Shane - JPMorgan Bose George - KBW Doug Harter - UBS Crispin Love - Piper Sandler Don Fandetti - Wells Fargo Stephen Laws - Raymond James Eric Hagen - BTIG Steve Delaney - Citizens JMP Kyle Joseph - Jefferies Operator Good afternoon and welcome to the Redwood Trust Inc. First Quarter 2024 financial results conference call. Today's conference is being recorded.

While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Redwood Trust (RWT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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 first quarter 2024 results on April 30, 2024 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its first quarter 2024 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference call wil.

Redwood Trust is paying out an 11.2% dividend yield to its common shareholders that's not currently being covered by earnings available for distribution. The mREIT has seen its book value decline by 28% over the last 3 years. The preferred shares offer a double-digit yield on cost and are trading for a small discount to their liquidation value.

In efforts to scale its mortgage banking businesses, Redwood (RWT) announces a $750-million strategic capital partnership with CPP Investments.

Redwood Trust specializes in mortgages and has faced challenges due to rising interest rates, causing a decrease in net interest income. The company has taken on risk and grown its balance sheet by investing in residential loans and utilizing asset-backed securities.

Redwood Trust, Inc. (RWT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.