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Redwood Trust, Inc. (RWT)
NYSE - NYSE Delayed Price. Currency in USD
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402 reactions on $RWT conversation
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This is the only reit I own now. Wish I loaded up at 4$. RWT is amazing
another solid earnings report rwt just keeps on improving great management equals great company
Interesting to see RWT share price drop a day before the Earnings are released....Has something leaked?
Didn’t they have a good earnings report?
What is the Book Value now?
The Flock investment seems really interesting, makes me wish I had bought more RWT but you know, diversification.
RWT is one of my favorite and best stocks. Im so angry I didnt buy more when it was 4 dollars. only have 100 at 7$ average but letting this drip for life.
Redwood Trust $RWT just announced a dividend increase from $.18 quarterly to $.21. Not a big component of REML, but fun to see increases anyway
Very Nice Increase for RWT.
Redwood Trust declares $0.21/share quarterly dividend. That's a 16.7% increase from the prior dividend of $0.18.
Forward yield 6.71%
Payable Sept. 30 for shareholders of Record on Sept. 23 (which makes Sept. 22 the Ex-Dividend date).
For those who have listened through 'investor day' before - what do you think they will present? Maybe just a rundown on the different segments of the company (Corevest, Residential Jumbo origination) and the update on the integration of the new tech stuff?
From Seeking Alpha.
Glad to see they have half a billion in cash and margin calls are met.
Q1'20 Key Financial Results and Metrics
GAAP net loss was $(943) million, or $(8.28) per diluted common share
GAAP book value per common share was $6.32 at March 31, 2020; includes a $(0.78) per share impact from the impairment of intangible assets
Unrestricted cash balance was $375 million at March 31, 2020
Total recourse debt(1) of $4.6 billion at March 31, 2020
At May 6, 2020, Redwood's unrestricted cash balance was $552 million and the company had met all margin calls due
Expect to reduce March 31, 2020 total recourse debt to $2.6 billion and total marginable debt to $1.1 billion on a pro forma basis(2)
On a preliminary basis, Redwood's GAAP book value per common share as of April 30, 2020 is estimated to be approximately 5% higher than GAAP book value per common share at March 31, 2020(3)
On May 6, 2020, Redwood announced the previously delayed first quarter dividend is now scheduled to be paid fully in cash on May 8, 2020
I like how the management of RWT was 4 days early with dividend declaration so they can present 0.125 as 8.1% dividend yield (annualised), taking advantage of the drop to USD 6.19 @ close on THU.
Anyways, strong buy from my side. Any dividend paying company during this rocky time deserves an appreciation.
From today’s press release. Looks like they will have plenty to talk about during the fourth quarter earnings call. I’m looking forward to it!
Fourth Quarter Business Update:
• Locked a record $3.8 billion(1) of residential loans with over 90 discrete sellers, an 81% increase in locks from the third quarter of 2020
• Originated $446 million of business purpose loans, up 71% from the third quarter of 2020
• Completed the first residential loan purchases through "Rapid Funding", a proprietary technology-enabled program that significantly accelerates purchase timelines for qualified originators
• Executed four securitizations across Residential and Business-Purpose Lending, including two traditional marketed deals and two innovative single-investor deals placed directly with insurance companies
• During the quarter, the Company estimates the fair value of its securities investment portfolio increased approximately 3%
Redwood Trust EPS beats by $0.20, beats on net interest income
Redwood Trust (NYSE:RWT): Q2 GAAP EPS of $0.66 beats by $0.20.
Net interest income of $31M (+14.8% Y/Y) beats by $2.36M.
The whole key here is how long does it take to get back to normal. If we recover in the next 6-12 months RWT will be back to $15 give or take by the end of 2021. I think we will have some back and forth with the coronavirus, but I believe with all of the efforts being put forth, this will largely be behind us in the next 12 months and RWT along with many other stocks will rebound nicely. I like RWT because while the risk is greater in the short term the long-term upside is 500-600%. Most stocks also have good upside - but more like 50-200% depending on the company. I feel good about putting some money to work at these prices...
Buy 10k around 4 a share. Will hold and collect dividend for future years
Need some advice... got in this stock at $4.40 with 70 shares... Do I buy more or? (Yes, I wish I bought more at the time.)
I just finished reading the the transcript of Friday’s conference call and it left me with a good feeling about the future of this company and my investment. Even though I’ve increased my position tenfold since March I would feel comfortable adding to it even further. I see this as a great opportunity for dividend income and capital appreciation.
Key Financial Results and Metrics
GAAP net income was $54 million, or $0.42 per diluted common share
GAAP book value per common share was $9.91 at December 31, 2020
Economic return on book value(1) of 7%
Recourse leverage ratio(2) of 1.3x at December 31, 2020
Declared and paid a regular quarterly dividend of $0.14 per common share for the fourth quarter
Good earnings report. Increase in BV, no dilution, cash on hand and a more conservative repositioning.
Been a good week for my mReit holdings. Four of the seven beat estimates, the other three report next week.
RWT is the largest of them. I think I took my initial position a little more than 20 years ago. They have always been under the radar and don’t put out many press releases. They just grind it out and get the job done.
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