Redwood Trust Stock Price, News & Analysis

Redwood Trust reported its Q4 2020 earnings, posting a GAAP net income of $54 million or $0.42 per diluted share. The GAAP book value per share increased to $9.91, while the economic return on book value stood at 7%. The company achieved a record $3.8 billion in jumbo loan locks, an 81% increase from Q3 2020. Additionally, it maintained a quarterly dividend of $0.14 per share. Business purpose loans also rose by 71% to $448 million.

Redwood Trust (NYSE: RWT) announced tax information regarding its 2020 dividend distributions. Shareholders received several quarterly dividends totaling $0.725 per share, specifically $0.32, $0.125, $0.14, and $0.14 per share. For tax purposes, these dividends are characterized as 100% return of capital, thus not taxable unless exceeding the shareholder's tax basis. Shareholders are advised to consult their tax advisors for guidance on reporting these distributions, particularly regarding federal income tax implications.

Redwood Trust (NYSE: RWT) announced a significant business update for Q4 2020, highlighting a record $3.8 billion in residential loan locks, an 81% increase from Q3 2020. They originated $446 million in business purpose loans, a 71% rise. The company executed four securitizations and noted a 3% estimated increase in its securities investment portfolio. Redwood Trust will release its Q4 2020 results on February 10, 2021.

Redwood Trust, Inc. (NYSE: RWT), a leader in housing credit investing, announced participation in the 23rd Annual ICR Conference on January 12, 2021. Key executives including Chris Abate, Dash Robinson, and Fred Matera will engage in a fireside chat at 7:30 am PT and a panel titled 'No Place Like Home' at 9:30 am PT, focusing on housing supply chain dynamics. Webcast links will be accessible via Redwood Trust's Investor Relations website. The company aims to deliver customized housing credit investments and enhance shareholder returns.

Redwood Trust, Inc. (NYSE: RWT) declared a fourth-quarter dividend of $0.14 per share, marking its 86th consecutive quarterly dividend. The dividend will be payable on December 29, 2020, to stockholders of record on December 17, 2020. CEO Christopher J. Abate emphasized the company's commitment to delivering shareholder value through attractive dividends while strategically deploying capital. Redwood Trust operates in specialized housing credit markets, aiming to provide returns through dividends, capital appreciation, and innovation.

Redwood Trust (NYSE:RWT) reported strong financial results for Q3 2020, with a GAAP net income of $142 million, or $1.02 per share, marking a significant increase from $34 million in Q3 2019. The GAAP book value per share rose to $9.41. The company achieved a 17% economic return on book value and increased its cash dividend by 12% to $0.14 per share. In residential lending, Redwood locked over $2.1 billion in jumbo loans. Overall, the company’s fair value securities portfolio increased by 10%.

Redwood Trust (NYSE: RWT) announced a positive business update for Q3 2020, highlighting a significant increase in locked loans and a robust performance in its lending segments. The company locked over $2 billion in Select jumbo residential loans, a 40% increase from Q3 2019. Additionally, it plans to complete a Sequoia securitization in Q4, primarily backed by newly-originated Select loans. Notably, the fair value of its securities investment portfolio is estimated to have increased by 10%. The Q3 financial results will be available on October 29, 2020.

Redwood Trust Announcements
Redwood Trust, a leader in housing credit investing, will participate in Morgan Stanley's State of the Housing Market webcast on September 24, 2020, at 8:00am PT. CEO Chris Abate and other senior management members will be featured during the event. Interested participants can access the live webcast via Redwood's website. A conference call option is also available by dialing 1-833-653-6025 and using access code #3294766. The event aims to provide insights into the housing market and the company's performance.

Redwood Trust, Inc. (NYSE: RWT) announced a 12% increase in its quarterly dividend, now at $0.14 per share, payable on September 29, 2020. This marks the company's 85th consecutive quarterly dividend. The dividend increase reflects Redwood's commitment to delivering attractive returns to shareholders while strategically deploying capital. The company focuses on making credit-sensitive investments in mortgages and related assets and aims for stable earnings and dividends.