Currently, there are 132.24M common shares owned by the public and among those 130.78M shares have been available to trade.
The company’s stock has a 5-day price change of 5.69% and -15.58% over the past three months. RWT shares are trading -0.46% year to date (YTD), with the 12-month market performance down to -4.41% lower. It has a 12-month low price of $5.45 and touched a high of $8.15 over the same period. RWT has an average intraday trading volume of 1.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.16%, -5.24%, and -5.58% respectively.
Institutional ownership of Redwood Trust Inc (NYSE: RWT) shares accounts for 80.40% of the company’s 132.24M shares outstanding.
It has a market capitalization of $861.38M and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 12.01, while the earnings-per-share (ttm) stands at $0.54. The company has a debt-to-equity ratio at 13.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.32% over the week and 2.62% over the month.
Earnings per share for the fiscal year are expected to increase by 598.72%, and 37.64% over the next financial year.
Looking at the support for the RWT, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 09, 2024, with the firm’s price target at $8-$7. UBS was of a view on December 06, 2023 that the stock is Buy, while BTIG Research gave the stock Buy rating on December 05, 2023, issuing a price target of $8.50. Piper Sandler on their part issued Neutral rating on June 15, 2023.
