RWT Stock Recent News

Redwood Trust issued Series A Reset Rate Cumulative Redeemable Preferred stock with a 10.0% face coupon. Investors should consider the conversion/rate-reset date and the potential yield curve changes when deciding to invest. Redwood Trust's preferred stock offers a compelling value and is focused on the niche market of jumbo mortgage investment.

Silicon Valley Bank's collapse in March caused financial market turmoil. Redwood Trust is capitalizing on the changes in the banking system and becoming a capital conduit for regional banks. Redwood Trust has established relationships with over 45% of new annual jumbo mortgage origination and is experiencing significant growth in its residential mortgage banking segment.

Redwood Trust, Inc. (NYSE:RWT ) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Kait Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executive Officer Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Don Fandetti - Wells Fargo Rick Shane - JPMorgan Stephen Laws - Raymond James Steve Delaney - JMP Securities Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Brad Capuzzi - Piper Sandler Operator Good afternoon, and welcome to the Redwood Trust, Inc. Second Quarter 2023 Financial Results Conference Call. Today's conference is being recorded.

Although the revenue and EPS for Redwood Trust (RWT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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 second quarter 2023 results on July 27, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its second quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference call wi.

Redwood Trust needs everything to go right in order to sustain the dividend. However, once the Federal Reserve is done hiking interest rates, Redwood could see a narrowing of its discount to book value per share.

RWT plans to cut its dividend by 20-30% next quarter. However, trading at a 0.64x book value that is showing signs of stabilization, the stock looks too cheap to ignore.

Redwood Trust, Inc. (RWT) Q1 2023 Earnings Call Transcript.

Redwood Trust (RWT) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.28 per share a year ago.

Redwood Trust originates, holds, and sells residential and business loans. The company saw earnings headwinds in 2022 related to the value of the loans it held for investment purposes.