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Redwood Trust, Inc. (RWT)

NYSE - Nasdaq Real Time Price. Currency in USD
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9.80+0.12 (+1.29%)
As of 01:41PM EDT. Market open.
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  • B
    Beat Earnings by alot. Book Value still 12$ per share so we are undervalued. Q2 will be interesting with fed raises
  • v
    Bought more today. IMO this short term can still creep towards $8, I’ll be buying the whole time because 2 years from now this is back to $15. Years of 10% dividend and potential is a no brainer.
  • W
    Anyone adding here? I have a relatively small position of 4K and thinking of heavily expanding
  • a
    thinking of adding 40k !!!!
  • j
    My only concern is the declining revenues, the rest of the company appears strong while maintaining a healthy dividend, which I’m surprised has not declined.
  • a
    going through a rough patch
  • S
    im in at 8 bucks
  • v
    What is with this stock?? Up 2.5% pre , does nothing during the day….up 4% post now…make a run back to $15!!
  • Z
    RWT should be announcing their dividend sometime this coming week. They increased it the last 4 quarters, but with the market that way it is now, I'm not sure we're going to see another one (even though RWT is still a long ways from the pre-pandemic dividend level).
  • v
    All week this has been up 2%+ in pre and done nothing during the day. This making a run before dividend pays?
  • v
    Same story again today, up 4% in pre and nothing during the day.
  • R
    Got my 5K @ $9.13.
  • j
    I know that some people think this REIT/stock is garbage, but it has earnings with dividend growth. The pandemic hit many Reits pretty hard, this is one that will be back to $15 this time next year, plus dividend, you all must be delusional for not liking this stock. 36% return and a dividend, yeah, I own it.
  • C
    Strong buy by Raymond James at 16$
  • Y
    Yahoo Finance Insights
    Redwood Trust reached a 52 Week low at 8.94
  • Y
    Yahoo Finance Insights
    Redwood Trust reached a 52 Week low at 8.85
  • Y
    Yahoo Finance Insights
    Redwood Trust reached a 52 Week low at 9.43
  • s
    when is the ex dividend date? tia
  • J
    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
    Company Update

    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
  • T
    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.