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Redwood Trust, Inc. (RWT)

NYSE - NYSE Delayed Price. Currency in USD
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6.51-0.02 (-0.31%)
At close: 04:00PM EDT
6.63 +0.12 (+1.84%)
After hours: 07:32PM EDT

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  • B
    Doug Harter et al. of Credit Suisse published a report the morning of 8/19 with a price target of 10.50 and an outperform rating. They wrote, "We had the opportunity to host meetings with Dash Robinson (President), Brooke Carillo (CFO),
    and Kaitlyn Mauritz (IR). The meetings highlighted RWT’s ability to weather the current volatile
    markets and its longer-term positioning to benefit from the challenges. The confidence in the
    long-term positioning plus the valuation (67% of tangible book value) causes us to reiterate our
    Outperform rating." I bought some shares.
  • v
    $RWT reaffirms .23/share quarterly dividend again since 1994 proving they are best in class. 13% yield for great business model, very well managed. As rates rise so will their MSR portfolio as CPR speeds go down.
  • v
    $RWT readies for .23 Qtrly dividend creating 12.5% yield. Redwood Trust Inc. has proven very successful in operating in all types of business climates. They have grown and won even in 2007-08 Great Financial Meltdown.
  • R
    Where’s my dividend went?
  • R
    Happy Green Friday!!!
  • G
    If this stock falls to $5 it’s an absolute blessing
  • G
    The top six in management put almost thirty million in their pocket before this can show a profit. Be wise about investing.
  • G
    When the top people take out their millions there will be nothng left. No profit means here comes $4.00
  • d
    Frankly, The way Stock Acting, telling me It must have lost its book value substantially, management smart, but the same-thing happened when Covid-19 hit in early 2020. I can not wait to see Q2 report on 28 July!
  • G
    And that thirty million is yearly for them.
  • 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.
  • i
    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.
  • J
    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%
  • T
    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...
  • M
    Buy 10k around 4 a share. Will hold and collect dividend for future years
  • a
    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.)
  • J
    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.
  • a
    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
  • J
    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.