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, is scheduled to release its fourth quarter 2023 results on February 20, 2024 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference cal.

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Redwood Trust has an attractive 8.8% dividend yield. Mortgage REITs like Redwood Trust are very different from property-owning REITs.

Call Start: 17:00 January 1, 0000 5:57 PM ET Redwood Trust, Inc. (NYSE:RWT ) Q3 2023 Earnings Conference Call October 30, 2023 05:00 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 Don Fandetti - Wells Fargo Securities Stephen Laws - Raymond James Kevin Barker - Piper Sandler Steve Delaney - JMP Securities Eric Hagen - BTIG Operator Ladies and gentlemen, good afternoon, and welcome to the Redwood Trust, Inc. Third Quarter 2023 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 September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Redwood Trust (RWT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago.

Redwood Trust investors will need to watch delinquency trends, which climbed last quarter. RWT's book value will likely decline as a result of rising mortgage rates, but not nearly to the extent of agency REITs. With the stock still trading well below book value, the stock remains a "Buy" for now.

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 2023 results on October 30, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its third quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference call w.

Redwood Trust's (RWT) in-house home equity investment origination platform, Aspire, underlines the company's efforts to bring innovative solutions to the non-Agency housing market.

Redwood recently cut its dividend. The dividend looks well-covered going forward.