Is RWT a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

606 people get RWT articles and Market Currents by email alert.

Get email alerts on RWT »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

If You Believe Housing Is For Real, This 6% Yield Play May Make Sense
Todd Campbell • Thu, Jan 3 • 8 Comments
Redwood Trust: Ravaged by Credit Losses
Patrick Harden • Thu, Aug 7, 2008 • 6 Comments
Redwood Trust: From $30 to $4 by Year-End?
Greg Weston • Fri, Jun 27, 2008 • 49 Comments
The Long Case for Redwood Trust
Value Investor Insight • Sun, Jan 13, 2008 • 3 Comments
Redwood Shorts are Simply Short-Sighted
Patrick Harden • Thu, Oct 25, 2007

To learn more about Seeking Alpha Pro, click here.

Mortgage REITs: Sell In May? Not If Spreads Hold Up
Dividend Living • Thu, Apr 4 • 22 Comments
Desperately Seeking Yield Through Equities Redux: Part 3 - Non-Agency Mortgage REITs
Philip Mause • Thu, Mar 7 • 5 Comments
$2 Billion Fund's Largest Small-Cap Positions
Insider Monkey • Wed, Feb 6
Non-Agency Mortgage REITs; Part 6 - The Residential Sector
Philip Mause • Thu, Jan 17 • 16 Comments
Ellington Financial: The Best Mortgage 'REIT' At A Healthy Discount To Book Value
Thomas Lott • Tue, Dec 18, 2012 • 43 Comments
12.57% Dividend Payer Two Harbors Investment Corp. Is A Buy Even With Falling Mortgage Rates
David White • Tue, Oct 16, 2012 • 21 Comments
4 REITs With Dividend Yields Between 7% And 13%
David Zanoni • Wed, Aug 29, 2012 • 9 Comments
Is Annaly A Fruitful Investment Now?
Efsinvestment • Tue, Jul 3, 2012 • 22 Comments
Annaly: Profit From Fed Extension Now
Vatalyst • Mon, Jul 2, 2012 • 4 Comments
Dividend Champions: A Semi-Annual Review Of High Yield REITs
Gutone • Sun, Jun 24, 2012 • 23 Comments
Inflation: The Next Crisis, And How To Protect Your Investments
Angad Guglani • Tue, Jun 5, 2012 • 20 Comments
Recent Performance Review Of 5 High-Yield Non-Agency Mortgage REITs
Zvi Bar • Thu, May 31, 2012 • 1 Comment
Recent Performance Review Of 5 High-Yield Hybrid Mortgage REITs
Zvi Bar • Mon, May 7, 2012 • 2 Comments
3 Strong REITs For A Stellar 2013 Portfolio
Vatalyst • Tue, Apr 17, 2012 • 3 Comments
Recent Performance Review For 5 High-Yield Hybrid Mortgage REITs
Zvi Bar • Mon, Apr 16, 2012 • 1 Comment
Annaly: Buy Now Before It Soars Higher
Vatalyst • Thu, Apr 12, 2012 • 6 Comments
Owning Annaly Capital With A Margin Of Safety
Henry Stokman • Tue, Apr 3, 2012 • 17 Comments
Annaly's Financials Will Impact Profits
Dividend Kings • Thu, Mar 29, 2012 • 22 Comments
Recent Performance Review Of 5 High-Yield Hybrid Mortgage REITs
Zvi Bar • Tue, Mar 27, 2012 • 3 Comments
Recent Performance Of 5 High-Yield Hybrid Mortgage REITs
Zvi Bar • Sun, Mar 11, 2012 • 5 Comments

There are no Transcripts on RWT.

Mortgage-backed securities find favor with savers

at MarketWatch.com (Fri, 6:31PM)
Big Banks Bet on Jumbo Mortgages Again

at CNBC.com (Jun 10, 2013)
Redwood Trust Announces Resignation Of Scott Chisholm

PR Newswire (Jun 6, 2013)
Redwood Trust Declares $0.28 Per Share Dividend For The Second Quarter Of 2013

PR Newswire (May 16, 2013)
Redwood Trust to Present at 12th Annual JMP Securities Research Conference

PR Newswire (May 9, 2013)
Redwood Trust Reports First Quarter 2013 Results

PR Newswire (May 2, 2013)
Redwood Trust Announces Timing For Release Of First Quarter 2013 Results

PR Newswire (May 1, 2013)
Lightning Round: Campbell Soup, Cablevision & More

at CNBC.com (Apr 18, 2013)
Loan Rates Shrink, Good News For Higher Priced Homes

at CNBC.com (Mar 11, 2013)
Redwood Trust, Inc. Announces Pricing of 4.625% Convertible Senior Notes Due 2018

PR Newswire (Feb 28, 2013)
Redwood Trust, Inc. Announces Offering Of Convertible Senior Notes

PR Newswire (Feb 28, 2013)
Redwood Trust Reports Fourth Quarter 2012 Results

PR Newswire (Feb 21, 2013)
Redwood Trust Announces Timing For Release Of Fourth Quarter 2012 Results

PR Newswire (Feb 20, 2013)
Redwood Trust Declares $0.28 Per Share Dividend For The First Quarter Of 2013

PR Newswire (Feb 20, 2013)
Redwood Trust, Inc. Announces Dividend Distribution Tax Information for 2012

PR Newswire (Jan 30, 2013)
Redwood Trust Announces Closing Of Commercial Real Estate Securitization

PR Newswire (Nov 28, 2012)
Redwood Trust, Inc. To Present At The J.P. Morgan SMid Cap Conference

PR Newswire (Nov 26, 2012)
Redwood Trust Declares $0.25 Per Share Dividend For The Fourth Quarter Of 2012

PR Newswire (Nov 13, 2012)
Redwood Trust Reports Third Quarter 2012 Results

PR Newswire (Nov 1, 2012)
Redwood Trust Announces Timing For Release Of Third Quarter 2012 Results

PR Newswire (Oct 31, 2012)

RWT vs. ETF Alternatives

Company Description

Redwood Trust, Inc., together with its subsidiaries, is a financial institution that seeks to invest in real estate related assets that have the potential to provide attractive cash flows over a long period of time and support our goal of distributing attractive levels of dividends to our... More

Sector: Financial

Industry: REIT - Diversified

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 17, 8:11 AM Redwood Trust (RWT) declares $0.28/share quarterly dividend, in line with previous. Forward yield 5.48%. For shareholders of record June 14. Payable June 28. Ex-div date June12. (PR) Comment! [Dividends]
Wednesday, May 15, 12:07 PM Positioned as about the only way to play the return of private capital to the mortgage market, Redwood Trust (RWT) might be as close as you can get to owning a money-printing machine. FRB's Paul Miller sees significant upside for both earnings and dividends over the next two years as the GSEs back away and private-label securitizations step in. Redwood issued its 7th securitization of the year this week. Comment! [Financials, Quick Ideas]
Friday, May 3, 7:47 AM More on Redwood Trust (RWT) Q1 earnings: Estimated REIT taxable income of $0.20/share vs. $0.23 in Q4, $0.13 a year ago. Net interest income of $35M vs. $28M a year ago. Mortgage banking income of $44M vs. $4M a year ago as the securitization business picked up (along with the shares, a double Y/Y). Q1 Redwood Review: "We expect our residential loan sale margins to decline from the extraordinarily high levels we realized in Q4 and much of 2013 Q1, due to the recent pullback in prices for AAA-rated RMBS." Book value/share of $14.54 up from $12.22 a year ago. (PR) Comment! [Financials, Earnings]
Friday, May 3, 6:46 AM Redwood Trust (RWT): Q1 EPS of $0.69 beats by $0.23. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 23, 1:25 PM There's another entrant into the reborn private-label mortgage securitization business as PennyMac Mortgage Investment (PMT) management unveils a plan to issue its first RMBS in Q3. "(It's) a significant new opportunity," says CEO Stan Kurland. Redwood Trust (RWT) investors nod in agreement. 1 Comment [Earnings, Financials]
Monday, March 25, 1:45 PM JPMorgan's (JPM) new private-label RMBS - its first since the crisis - likely wouldn't earn a AAA, says Moody's. The move is part of a continuing battle between issuers and insurers over who should bear the losses for bad loans. Fitch and DBRS have blessed the paper with a AAA. The only other RMBS issuer of note since the crisis - Redwood Trust (RWT) - remains en fuego. Comment! [Financials]
Tuesday, March 12, 3:33 PM The curious selloff following Redwood Trust's (RWT) blowout Q4 earnings on Feb.22 looks curiouser with each passing day. The stock's up 3.9% today and 16% since earnings. Deutsche bumped its price target amidst the selloff and Jefferies lifted its last week. Today the company announced presale results on its 4th private MBS, a $576M package. 1 Comment [Financials, On the Move]
Thursday, February 28, 10:11 AM Credit Suisse (CS) becomes just the 2nd issuer (RWT is the other) of MBS backed by jumbo loans since the crash with a $425,7M deal. Fitch assigned a top rating to the vast majority of the paper, which has a loss buffer of 7.05%. Reportedly a partner in the securitization is Two Harbors (TWO). 2 Comments [Financials]
Wednesday, February 27, 3:14 PM Jumbo mortgages are back - something owners of Redwood Trust (RWT) already know - but can the rebound continue? With $200B of jumbo mortgages closed in 2012 and $220B expected (by some) in 2013, levels haven't returned to anywhere near the $348B seen in 2007. Helping are narrowing spreads, down to just 23 bps over conventional mortgages on a 30-year fixed. Comment! [U.S. Economy, Financials]
Friday, February 22, 1:31 PM Investors in Redwood Trust (RWT -3.5%) take profits and maybe create a buying opportunity after the company blows past earnings estimates. In its shareholder letter (no earnings call), management states a goal of $7B in jumbo loans acquired and securitized in 2013 (did $2.3B in 2012). Deutsche bumps its price target to $25.50 from $20.50. 1 Comment [Financials, Quick Ideas]
Thursday, February 21, 6:01 PM Redwood Trust (RWT): Q4 EPS of $0.50 vs. $0.48 in 4Q11. (PR) Comment! [Earnings, Breaking News]
Wednesday, February 20, 6:30 PM Redwood Trust, Inc. (RWT) declares $0.28/share quarterly dividend, 12% increase from prior dividend of $0.25. Forward yield 5.59%. For shareholders of record Mar. 15. Payable Mar. 29. Ex-div date Mar. 13. (PR) Comment! [Dividends]
Wednesday, February 20, 3:43 PM JPMorgan (JPM) is prepping its first sale of private-label mortgages since the financial crisis, reports Bloomberg. The revival of non-agency MBS can be seen in the stock price of Redwood Trust (RWT) - other than Credit Suisse - the only issuer of such since 2008. Not subprime, these bonds are backed by good credits on jumbo loans bigger than what the GSEs will accept. 1 Comment [Financials, U.S. Economy]
Monday, February 11, 11:33 AM Nothing speaks to the improvement in housing like the performance of Redwood Trust (RWT) - a near-double over the past year. Not one of the $4B in jumbo loans it has securitized since 2010 has defaulted, and business is just starting to pick up - jumbo loan originations are expected to rise another 15% this year. 2 Comments [U.S. Economy, Financials]
Tuesday, December 18, 2012, 10:32 AM Ellington Financial (EFC +1.5%) gains as Thomas Lott points it out as a cheaper, better-performing alternative to many of its peers in the mREIT industry. The company is actually a partnership - a good thing, writes Lott, as it allows management investment flexibility not available to REITs. The CIO is former Kidder mortgage trader Mike Vranos, who recently picked up more shares, and now owns 12% of the company. Comment! [Financials, On the Move]
Wednesday, December 5, 2012, 3:16 PM More on Redwood Trust (RWT) (previous): The packager of non-agency MBS continues to stay busy, announcing the closing of a $291M securitization of mezzanine loans and other subordinate commercial real estate debt. (PR) Comment! [Financials]

futureguy
$RWT up 4.62 % today
Thu, 3:53 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

det9
Sold $RWT 18.68 from 18.55, Sold $CRZO 26.08 from 25.76, $CBI for almost break even. 85% cash, $XIV for 19.98( loss from 21.25)
Thu, 9:41 AM
Reply (7)

• !Report Abuse
View all 7 replies
det9: Exactly OM. I have been stuck with 15% YTD for 1 or 2 month now. If I stayed I would have been up to 16.4. My 15% got me 0.35.
Thu, 6:30 PM
• !Report Abuse
det9: Beginning of the year I played a lot with $KORS and $CRZO. Just not getting time to even read a chart these days. Good job on all ur trades
Thu, 6:32 PM
• !Report Abuse
Add a reply...

140 characters

det9
Bought back $RWT 18.54
Wed, 3:25 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

det9
Out of $RWT 18.85 from 18.59 + dividend. 1 day
Wed, 10:26 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

det9
Bought some $RWT 18.59. Ex dividend tmrw.
Jun 11, 10:57 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ocean Man
Added to $RWT at $19.06. Added to $VG at $2.70. Added to $PRXI at $2.10. Bought $XIV at $23.01.
May 29, 9:48 AM
Reply (16)

• !Report Abuse
View all 16 replies
futureguy: hey OM, are you still holding $RWT??
Thu, 2:07 PM
• !Report Abuse
Ocean Man: Yep. Dividend-adjusted it's at $19.20 today.
Thu, 2:55 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
$RWT up 4% today.
May 17, 3:50 PM
Reply (7)

• !Report Abuse
View all 7 replies
jmok322: Thanks! Please keep us posted. I will be looking to average down too.
May 28, 2:40 PM
• !Report Abuse
Ocean Man: Bought some at $19.50 five minutes ago.
May 28, 4:03 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Anybody jump on $RWT with me? "as close as you can get to owning a money-printing machine." http://seekingalpha.com/n/m0l3
May 16, 1:43 PM
Reply (17)

• !Report Abuse
View all 17 replies
Ocean Man: Up 4.9% today. A good start LOL! High-five guys.
May 17, 4:25 PM
• !Report Abuse
jcllier3: High-five indeed.
May 17, 4:36 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
First leg into $RWT at $20.36. Lower bids in to add more.
May 16, 9:49 AM
Reply (1)

• !Report Abuse
View all 1 replies
Ocean Man: Also tried to buy $PKG at the open, but missed. Doh!
May 16, 9:52 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Frustration defined: $RWT is up 12% since I posted yesterday morning that I regretted not buying it. http://seekingalpha.com/s/cs1p5
Mar 14, 2:54 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

det9
Sold $RWT 18.68 from 18.55, Sold $CRZO 26.08 from 25.76, $CBI for almost break even. 85% cash, $XIV for 19.98( loss from 21.25)
Thu, 9:41 AM
Reply (7)

• !Report Abuse
View all 7 replies
det9: Exactly OM. I have been stuck with 15% YTD for 1 or 2 month now. If I stayed I would have been up to 16.4. My 15% got me 0.35.
Thu, 6:30 PM
• !Report Abuse
det9: Beginning of the year I played a lot with $KORS and $CRZO. Just not getting time to even read a chart these days. Good job on all ur trades
Thu, 6:32 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Added to $RWT at $19.06. Added to $VG at $2.70. Added to $PRXI at $2.10. Bought $XIV at $23.01.
May 29, 9:48 AM
Reply (16)

• !Report Abuse
View all 16 replies
futureguy: hey OM, are you still holding $RWT??
Thu, 2:07 PM
• !Report Abuse
Ocean Man: Yep. Dividend-adjusted it's at $19.20 today.
Thu, 2:55 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
$RWT up 4% today.
May 17, 3:50 PM
Reply (7)

• !Report Abuse
View all 7 replies
jmok322: Thanks! Please keep us posted. I will be looking to average down too.
May 28, 2:40 PM
• !Report Abuse
Ocean Man: Bought some at $19.50 five minutes ago.
May 28, 4:03 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Anybody jump on $RWT with me? "as close as you can get to owning a money-printing machine." http://seekingalpha.com/n/m0l3
May 16, 1:43 PM
Reply (17)

• !Report Abuse
View all 17 replies
Ocean Man: Up 4.9% today. A good start LOL! High-five guys.
May 17, 4:25 PM
• !Report Abuse
jcllier3: High-five indeed.
May 17, 4:36 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
First leg into $RWT at $20.36. Lower bids in to add more.
May 16, 9:49 AM
Reply (1)

• !Report Abuse
View all 1 replies
Ocean Man: Also tried to buy $PKG at the open, but missed. Doh!
May 16, 9:52 AM
• !Report Abuse
Add a reply...

140 characters

Dividend Sheet
Best Yielding Diversified REITs: http://bit.ly/tuKUAJ + $CIM $MFA $NLY $ANH $CWH $STWD $CLNY $RWT $IRETP $FUR $BDN $GTY $EXL $LXP $NNN $FPO
10/28/11
Reply (3)

• !Report Abuse
View all 3 replies
Scott Molinaroli: well. performs well.
2/6/12
• !Report Abuse
madav1138: it do.
2/6/12
• !Report Abuse
Add a reply...

140 characters

Patrick Harden
Redwood Trust (RWT) to issue first private RMBS securitization of 2012, a $406 million deal backed by jumbo prime mortgages.
1/12/12
Reply (5)

• !Report Abuse
View all 5 replies
avickrey: Man RWT is barely hanging on. Taking out debt to sustain the div with no long term cash flow growth. Probably worth waiting on.
1/12/12
• !Report Abuse
The Berenstain Bulls: Thank you, PH.
1/12/12
• !Report Abuse
Add a reply...

140 characters

RWT Redwood Trust Inc

RWT

Redwood Trust Inc