Redwood Trust Stock Price, News & Analysis

Redwood Trust, Inc. (NYSE: RWT) has declared its first quarter 2023 common stock dividend of $0.23 per share, marking the company's 95^th consecutive quarterly dividend, payable on March 31, 2023. The Board also approved a preferred stock dividend of $0.60417 for the Series A stock, payable on April 17, 2023. As of March 13, 2023, Redwood holds approximately $370 million in unrestricted cash and cash equivalents, emphasizing its solid liquidity positioned to support long-term investments. The company maintains approximately $4.1 billion in available warehouse capacity while avoiding borrowings from banks currently in FDIC receivership.

Redwood Trust, Inc. (NYSE:RWT) reported its fourth quarter 2022 financial results, showing a GAAP net loss of $(0.40) per diluted share, driven primarily by unrealized net fair value changes on long-term investments. The company’s book value per common share decreased by 6.2% to $9.55. Despite challenges in the market, Redwood deployed $74 million in new investments and maintained stable credit performance with low delinquencies. The company also declared a quarterly dividend of $0.23 per share. As of February 7, 2023, Redwood held $400 million in cash and raised $70 million through a preferred stock offering.

Redwood Trust, Inc. (NYSE: RWT) will release its fourth quarter 2022 results on February 9, 2023, after market close. The company's management will discuss financial outcomes in a conference call at 2:00 PM PT / 5:00 PM ET. Investors can access the call via Redwood's Investor Relations website. A replay will be available until February 23, 2023. Redwood Trust specializes in providing liquidity in U.S. housing finance through various asset classes, including residential and multifamily investments.

Redwood Trust (NYSE: RWT) disclosed tax information related to its 2022 dividend distributions, totaling $0.92 per share, with each quarterly distribution amounting to $0.23. For tax purposes, 58% of these distributions are classified as ordinary income and 42% as qualified dividends. The total dividends paid in 2022 amounted to $107,340,446. Shareholders should consult their tax advisors regarding the federal and state implications of these distributions, as none are classified as return of capital or long-term capital gains. Redwood Trust is a REIT focused on housing credit solutions.

Redwood Trust, Inc. (NYSE: RWT) announced a public offering of 2,600,000 shares of its Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, priced at $25.00 per share, generating gross proceeds of $65.0 million. A 30-day over-allotment option for an additional 390,000 shares has been granted to underwriters. Proceeds will be used for corporate purposes, including repaying convertible senior notes, funding business activities, and acquiring mortgage-backed securities. The offering is set to close on January 18, 2023.

Redwood Trust, Inc. (NYSE: RWT) has declared a $0.23 per share dividend for Q4 2022, marking its 94th consecutive quarterly payout. The dividend is payable on December 28, 2022, to stockholders on record as of December 20, 2022. As a specialty finance company focused on housing credit, Redwood aims to provide attractive returns through stable earnings, dividends, and capital appreciation. The company operates across three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio, emphasizing innovation and liquidity in the housing market.

Redwood Trust reported Q3 2022 financial results, highlighting a GAAP net loss of $(0.44) per diluted share, with a book value per share of $10.18, down 5.6% from Q2 2022. The company generated Non-GAAP Earnings Available for Distribution of $0.16 per share. Key operations included $167 million in new investments and $570 million in funded business purpose loans. Despite challenging market conditions, Redwood maintained a robust balance sheet with $297 million in cash and significant unused financing capacity. The company declared a quarterly dividend of $0.23, demonstrating ongoing commitment to shareholder returns.

Redwood Trust, Inc. (NYSE: RWT) provided preliminary financial results for Q3 2022, showing a GAAP book value per share estimated between $10.15 to $10.25, a decrease of 4.9% to 5.8% from $10.78 at the end of Q2 2022. The company reported strong liquidity with $297 million in unrestricted cash and $500 million in unencumbered assets. They added $900 million in financing capacity and repurchased 3.4 million shares for $24 million, adding $0.12 per share to book value. A dividend of $0.23 per share was also declared.

Redwood Trust (NYSE: RWT) is collaborating with LauraMac to develop a new loan acquisition technology tailored to enhance Redwood's loan process and client experience. This system, based on LauraMac's Loan Acquisition System, features an intuitive seller dashboard, automated document recognition, and a robust rules engine, aimed at improving transaction efficiency and transparency. Both companies express strong optimism about this partnership's potential to innovate in the mortgage capital markets.