Stock analysts release earnings guidance for Redwood Trust, Inc. in Q3 2021 (NYSE: RWT)


Redwood Trust, Inc. (NYSE: RWT) – Piper Sandler analysts increased their earnings per share estimates for the third quarter of 2021 for shares of Redwood Trust in a note to investors on Monday, September 20. Piper Sandler analyst K. Barker now predicts the REIT will post earnings of $ 0.30 per share for the quarter, up from its previous forecast of $ 0.29. Piper Sandler has an “overweight” rating and a target price of $ 14.00 on the stock. Piper Sandler also released estimates for Redwood Trust earnings in Q4 2021 at $ 0.31 EPS, Q1 2022 earnings at $ 0.35 EPS, Q2 2022 earnings at $ 0.40 EPS, Q3 2022 earnings at 0.38 $ EPS, Q4 2022 earnings at $ 0.38 EPS, Q1 2023 earnings at $ 0.38 EPS, Second quarter 2023 earnings at $ 0.43 per share and Fiscal 2023 earnings at $ 1.66 per share.

Other research analysts have also published reports on the company. BTIG Research increased its price target on Redwood Trust from $ 12.50 to $ 13.50 and gave the stock a “buy” rating in a research report published on Tuesday, June 15. JMP Securities raised its price target on Redwood Trust from $ 12.00 to $ 13.50 and gave the stock a “market outperformance” rating in a research report released Thursday, June 24. Credit Suisse Group raised its price target on Redwood Trust from $ 13.00 to $ 14.00 and gave the stock an “outperformance” rating in a research report on Monday, September 13. Raymond James raised his price target on Redwood Trust from $ 14.50 to $ 16.00 and gave the stock a “strong buy” rating in a research report on Thursday, July 29. Finally, Zacks Investment Research downgraded Redwood Trust from a “hold” rating to a “buy” rating and set a price target of $ 14.00 for the company in a research report released on Wednesday, July 14. Seven analysts rated the stock with a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $ 13.31.

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RWT stock opened at $ 12.44 on Tuesday. The company has a debt to equity ratio of 6.97, a current ratio of 6.63 and a rapid ratio of 6.63. The company has a 50-day simple moving average of $ 12.19 and a 200-day simple moving average of $ 11.45. The company has a market cap of $ 1.41 billion, a PE ratio of 4.41 and a beta of 0.97. Redwood Trust has a one-year minimum of $ 7.11 and a one-year maximum of $ 12.73.

Several institutional investors and hedge funds have recently bought and sold shares in the company. BlackRock Inc. increased its holdings of Redwood Trust shares by 5.6% in the first quarter. BlackRock Inc. now owns 20,917,191 REIT shares valued at $ 217,747,000 after purchasing an additional 1,113,684 shares during the last quarter. Vanguard Group Inc. increased its holdings of Redwood Trust shares by 0.5% in the second quarter. Vanguard Group Inc. now owns 11,869,947 Real Estate Investment Trust shares valued at $ 143,270,000 after purchasing an additional 63,448 shares in the last quarter. State Street Corp increased its holdings of Redwood Trust shares by 4.3% in the second quarter. State Street Corp now owns 3,926,249 real estate investment trust shares worth $ 47,390,000 after purchasing an additional 160,488 shares in the last quarter. Amundi Asset Management US Inc. increased its stake in Redwood Trust by 13.4% in the 1st quarter. Amundi Asset Management US Inc. now holds 2,588,749 shares of the SICAV valued at $ 26,950,000 after the purchase of 305,805 additional shares in the last quarter. Finally, in the second quarter Amundi took a new stake in Redwood Trust for an amount of approximately $ 27,366,000. Institutional investors and hedge funds hold 70.61% of the company’s shares.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30. Shareholders of record on Thursday, September 23 will receive a dividend of $ 0.21 per share. The ex-dividend date is Wednesday September 22. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 6.75%. This is a boost from Redwood Trust’s previous quarterly dividend of $ 0.18. Redwood Trust’s payout ratio is 1,800.00%.

Redwood Trust Company Profile

Redwood Trust, Inc. is a financial company that focuses on several distinct areas of mortgage lending. It operates through the following segments: residential loans, commercial loans, third-party investments and businesses. The Residential Loans segment consists of a mortgage conduit that acquires residential loans from third party originators with a view to their sale, securitization or subsequent transfer into the investment portfolio.

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Redwood Trust Profit History and Estimates (NYSE: RWT)

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