What is Redwood Trust Inc. (RWT) Stock Return on Shareholders’ Capital?

With 1.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.34 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $6.61 whereas the lowest price it dropped to was $6.33. The 52-week range on RWT shows that it touched its highest point at $8.41 and its lowest point at $5.47 during that stretch. It currently has a 1-year price target of $8.40. With its current market cap of 844.23 million, RWT has annualized dividend of $0.71 while the current yield stands at 11.06%. Beta for the stock currently stands at 1.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RWT was down-trending over the past week, with a drop of -4.32%, but this was down by -9.32% over a month. Three-month performance dropped to -5.59% while six-month performance fell -17.48%. The stock lost -22.74% in the past year, while it has lost -13.36% so far this year. A look at the trailing 12-month EPS for RWT yields -0.67 with Next year EPS estimates of 0.62. For the next quarter, that number is 0.18. This implies an EPS growth rate of 93.08% for this year and 730.32% for next year.


Float and Shares Shorts:

At present, 131.50 million RWT shares are outstanding with a float of 130.04 million shares on hand for trading. On Jan 11, 2024, short shares totaled 5.13 million, which was 3.90% higher than short shares on Dec 14, 2023. In addition to Mr. Christopher J. Abate CPA as the firm’s CEO & Director, Mr. Dashiell I. Robinson serves as its President & Director.

Institutional Ownership:

Through their ownership of 72.11% of RWT’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RWT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RWT analysts setting a high price target of $9.00 and a low target of $7.50, the average target price over the next 12 months is $8.40. Based on these targets, RWT could surge 40.19% to reach the target high and rise by 16.82% to reach the target low. Reaching the average price target will result in a growth of 30.84% from current levels.

Summary of Insider Activity:

Insiders traded RWT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 58,857 while 0 shares were sold.