Redwood Trust (NYSE:RWT – Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01, Zacks reports. Redwood Trust had a net margin of 5.94% and a return on equity of 4.86%. During the same period in the prior year, the company posted $0.14 EPS.
Redwood Trust Trading Down 0.3 %
Shares of RWT traded down $0.02 during mid-day trading on Friday, reaching $7.05. The stock had a trading volume of 1,021,315 shares, compared to its average volume of 1,016,987. The business’s fifty day moving average is $6.72 and its 200 day moving average is $6.44. The firm has a market cap of $931.66 million, a price-to-earnings ratio of 100.71 and a beta of 1.58. Redwood Trust has a 52-week low of $5.45 and a 52-week high of $8.30. The company has a debt-to-equity ratio of 12.26, a current ratio of 9.09 and a quick ratio of 9.09.
Redwood Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date was Friday, June 21st. Redwood Trust’s payout ratio is 914.29%.
Wall Street Analyst Weigh In
View Our Latest Analysis on RWT
Insider Activity at Redwood Trust
In other news, CFO Brooke Carillo bought 15,000 shares of Redwood Trust stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $6.25 per share, with a total value of $93,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,772 shares in the company, valued at $354,825. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.
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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