Redwood Trust (NYSE:RWT – Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Redwood Trust Stock Performance
Shares of RWT opened at $7.35 on Wednesday. The company has a market capitalization of $970.64 million, a PE ratio of 104.93 and a beta of 1.58. The company has a debt-to-equity ratio of 10.66, a current ratio of 9.09 and a quick ratio of 9.09. Redwood Trust has a one year low of $5.45 and a one year high of $8.30. The company’s fifty day moving average price is $6.67 and its 200 day moving average price is $6.43.
Redwood Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were paid a $0.16 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.71%. Redwood Trust’s payout ratio is presently 914.29%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Redwood Trust
Insider Buying and Selling
In related news, CFO Brooke Carillo acquired 15,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $6.25 per share, with a total value of $93,750.00. Following the completion of the acquisition, the chief financial officer now owns 56,772 shares of the company’s stock, valued at $354,825. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.
About Redwood Trust
Redwood Trust, Inc, together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio.
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