During the last session, Redwood Trust Inc. (NYSE:RWT)’s traded shares were 0.66 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $12.49, reflecting an intraday loss of -0.08% or -$0.01. The 52-week high for the RWT share is $12.71, that puts it down -1.76 from that peak though still a striking 44.04% gain since the share price plummeted to a 52-week low of $6.99. The company’s market capitalization is $1.41B, and the average intraday trading volume over the past 10 days was 1.09 million shares, and the average trade volume was 1.08 million shares over the past three months.
Redwood Trust Inc. (RWT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. RWT has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.44.
Redwood Trust Inc. (NYSE:RWT) trade information
Redwood Trust Inc. (RWT) registered a -0.08% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.08% in intraday trading to $12.49 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 0.24%, and it has moved by 2.63% in 30 days. Based on these gigs, the overall price performance for the year is 73.96%. The short interest in Redwood Trust Inc. (NYSE:RWT) is 3.18 million shares and it means that shorts have 3.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $14.04, which implies an increase of 11.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.00 and $16.00 respectively. As a result, RWT is trading at a discount of -28.1% off the target high and -4.08% off the low.
Redwood Trust Inc. (RWT) estimates and forecasts
Statistics show that Redwood Trust Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Redwood Trust Inc. (RWT) shares have gone up 26.80% during the last six months, with a year-to-date growth rate more than the industry average at 3,125.00% against -2.20. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -56.00% this quarter and then drop -66.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -8.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $26.86 million as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $28.33 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $27.28 million and $21.57 million respectively. In this case, analysts expect current quarter sales to shrink by -1.50% and then jump by 31.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -44.80%. While earnings are projected to return -526.40% in 2021, the next five years will return 29.74% per annum.
Redwood Trust Inc. is due to release its next quarterly earnings between October 27 and November 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Redwood Trust Inc. is 0.72, with the dividend yield indicating at 5.76 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 8.64%.
Redwood Trust Inc. (NYSE:RWT)’s Major holders
Redwood Trust Inc. insiders own 0.89% of total outstanding shares while institutional holders control 75.04%, with the float percentage being 75.71%. Blackrock Inc. is the largest shareholder of the company, while 284 institutions own stock in it. As of Mar 30, 2021, the company held over 20.92 million shares (or 18.51% of all shares), a total value of $217.75 million in shares.
The next largest institutional holding, with 11.81 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.45% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $122.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Redwood Trust Inc. (RWT) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on May 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 7.5 million shares. This amounts to just over 6.64 percent of the company’s overall shares, with a $83.5 million market value. The same data shows that the other fund manager holds slightly less at 3.26 million, or about 2.88% of the stock, which is worth about $33.89 million.