RWT
Neutral signalScored 2026-10-18 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Research, not advice.
À propos
Redwood Trust, Inc.
- Nom
- Redwood Trust, Inc.
- Secteur
- Real Estate
- Industrie
- REIT - Mortgage
- Bourse
- NYSE
- Capitalisation
- $405.7M
- Employés
- 351
- PDG
- Christopher J. Abate
- Site web
- https://www.redwoodtrust.com
- Marché
- ADAMBFSFBRTKREFMITPMITT
Redwood Trust, Inc. is a specialized financial enterprise operating across the United States, managing its activities through three distinct divisions. Its Residential Mortgage Banking segment functions as a conduit, sourcing residential home loans from various third-party originators. These loans are then either sold, converted into securities, or incorporated into Redwood Trust's own investment portfolio. This division also utilizes derivative financial instruments to mitigate risks associated with these residential loans. The Business Purpose Mortgage Banking segment is dedicated to originating and acquiring loans tailored for business uses, including single-family rental and bridge loans. Similar to the residential segment, these are subsequently securitized, sold, or added to the company's investment holdings. Finally, the Investment Portfolio segment deploys capital into a diverse array of assets. This includes securities retained from its own residential and business purpose securitization efforts, as well as residential and smaller multifamily bridge loans. The company also invests in residential mortgage-backed securities issued by other entities, Freddie Mac K-Series multifamily loan securitizations, reperforming loan securitizations, servicer advance investments, home equity investments, and various other housing-related assets. Qualifying as a Real Estate Investment Trust (REIT) for federal tax purposes, Redwood Trust, Inc. commits to distributing at least 90% of its taxable income as dividends to its shareholders. The company was established in 1994 and maintains its headquarters in Mill Valley, California.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
ACHAT TOTAL: 63 211,13 titres (~251 580,30 $ US)
- Insiders
- Robinson Dashiell I
- Total bought
-
$251,580
Avg buy (VWAP, 90d window) $3.90 vs last close $3.04 (-22.0%)
- Total sold
-
—
Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-09-16
- Liquidity
- Thin $12,884,435/day · 20d vol
- Last synced
-
2026-10-18 09:40:49
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-21 | Macomber Sasha G. | Buy · P P | 4,895 | $4.08 | ≈ $19,968 | Form 4 |
| 2026-09-21 | Stone Andrew P | Buy · P P | 5,000 | $4.12 | ≈ $20,593 | Form 4 |
| 2026-09-16 | Robinson Dashiell I | Buy · P P | 63,211 | $3.98 | ≈ $251,580 | Form 4 |
| 2026-09-15 | Abate Christopher J | Buy · P P | 100,000 | $3.84 | ≈ $383,900 | Form 4 |
| 2026-09-15 | Carillo Brooke | Buy · P P | 26,065 | $3.85 | ≈ $100,238 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2023-07-12 | Daniel Goldman | Sale (Full) | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-18 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Despite a strong M&A catalyst (activist pressure + insider buying), RWT's financial foundation is critically impaired — extreme leverage (Debt/Equity >22x), a current ratio of 0.28, and an interest coverage ratio below…
The first sentence of the analysis written for RWT on 2026-10-18 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Unavailable or mixed. Current ratio 0.28 · operating margin 95% — readings disagree
Suggested stop 2.79, 1.5 ATR under the last close(8.3% under the last close). Reward/risk to the next stored resistance is 2.81. Research, not advice. Not an order.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 95.6% | 96.9% | 86.3% | 96.2% | 97.7% | |
| Ebit Margin | 95.3% | 84.5% | -4.4% | 70.6% | 80.3% | |
| Ebitda Margin | 96.2% | 85.6% | 12.8% | 76.3% | 83.7% | |
| Operating Profit Margin | 95.3% | 84.5% | 6.7% | 70.6% | 80.7% | |
| Pretax Profit Margin | -4.1% | 6.7% | -0.4% | -35.1% | 35.5% | |
| Continuous Operations Profit Margin | -6.3% | 5.0% | -1.4% | -31.3% | 33.6% | |
| Net Profit Margin | -6.3% | 5.0% | -1.4% | -31.3% | 33.6% | |
| Bottom Line Profit Margin | -6.8% | 3.9% | -8.2% | -32.1% | 32.5% | |
| Current Ratio | 0.282 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Quick Ratio | 0.282 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Solvency Ratio | -0.003 | 0.004 | 0.002 | -0.011 | 0.026 | |
| Cash Ratio | 0.072 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Price To Earnings Ratio | -9.373 | 20.406 | -67.364 | -4.727 | 4.832 | |
| Price To Earnings Growth Ratio | 0.033 | -0.052 | 0.730 | 0.031 | -0.032 | |
| Forward Price To Earnings Growth Ratio | 0.033 | -0.052 | 0.730 | 0.031 | -0.032 | |
| Price To Earnings Diluted Ratio | -8.778 | 20.406 | -67.364 | -4.727 | 5.565 | |
| Price To Earnings Diluted Growth Ratio | 0.030 | -0.052 | 0.730 | 0.029 | -0.038 | |
| Price To Book Ratio | 0.733 | 0.726 | 0.716 | 0.731 | 1.077 | |
| Price To Sales Ratio | 0.651 | 0.796 | 5.433 | 1.516 | 1.569 | |
| Price To Free Cash Flow Ratio | -0.071 | -0.147 | -0.427 | -5.695 | -0.262 | |
| Price To Operating Cash Flow Ratio | -0.071 | -0.147 | -0.427 | -5.695 | -0.262 | |
| Debt To Assets Ratio | 0.935 | 0.898 | 0.886 | 0.883 | 0.876 | |
| Debt To Equity Ratio | 22.555 | 13.802 | 10.680 | 10.613 | 9.292 | |
| Debt To Capital Ratio | 0.958 | 0.932 | 0.914 | 0.914 | 0.903 | |
| Long Term Debt To Capital Ratio | 0.951 | 0.925 | 0.905 | 0.898 | 0.886 | |
| Financial Leverage Ratio | 24.120 | 15.371 | 12.060 | 12.021 | 10.610 | |
| Working Capital Turnover Ratio | -0.868 | 0.000 | 0.000 | 0.000 | -31.037 | |
| Operating Cash Flow Ratio | -2.842 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Sales Ratio | -9.119 | -5.411 | -12.710 | -0.266 | -5.981 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | |
| Debt Service Coverage Ratio | 0.238 | 0.350 | 0.009 | 0.170 | 0.308 | |
| Interest Coverage Ratio | 0.959 | 1.086 | 0.017 | 0.668 | 1.800 | |
| Short Term Operating Cash Flow Coverage Ratio | -3.079 | -3.350 | -1.492 | -0.073 | -2.708 | |
| Operating Cash Flow Coverage Ratio | -0.455 | -0.358 | -0.157 | -0.012 | -0.442 | |
| Capital Expenditure Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Dividend Paid And Capex Coverage Ratio | -95.243 | -58.677 | -21.542 | -1.246 | -62.119 | |
| Dividend Payout Ratio | -1.514 | 1.850 | -41.150 | -0.683 | 0.287 | |
| Enterprise Value Multiple | 21.238 | 18.346 | 662.330 | 30.182 | 17.470 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 95.6% | ▼-1.3% | ▲1.1% |
| Ebit Margin | 95.3% | ▲10.8% | ▲30.1% |
| Ebitda Margin | 96.2% | ▲10.7% | ▲25.3% |
| Operating Profit Margin | 95.3% | ▲10.8% | ▲27.8% |
| Pretax Profit Margin | -4.0% | ▼-10.8% | ▼-4.6% |
| Continuous Operations Profit Margin | -6.3% | ▼-11.3% | ▼-6.2% |
| Net Profit Margin | -6.3% | ▼-11.3% | ▼-6.2% |
| Bottom Line Profit Margin | -6.8% | ▼-10.8% | ▼-4.7% |
| Current Ratio | 0.282 | ▲0.282 | ▲0.226 |
| Quick Ratio | 0.282 | ▲0.282 | ▲0.226 |
| Solvency Ratio | -0.003 | ▼-0.006 | ▼-0.006 |
| Cash Ratio | 0.072 | ▲0.072 | ▲0.058 |
| Price To Earnings Ratio | -9.373 | ▼-29.779 | ▲1.872 |
| Price To Earnings Growth Ratio | 0.033 | ▲0.085 | ▼-0.109 |
| Forward Price To Earnings Growth Ratio | 0.033 | ▲0.085 | ▼-0.109 |
| Price To Earnings Diluted Ratio | -8.778 | ▼-29.184 | ▲2.202 |
| Price To Earnings Diluted Growth Ratio | 0.030 | ▲0.082 | ▼-0.110 |
| Price To Book Ratio | 0.733 | ▲0.007 | ▼-0.064 |
| Price To Sales Ratio | 0.651 | ▼-0.145 | ▼-1.342 |
| Price To Free Cash Flow Ratio | -0.071 | ▲0.076 | ▲1.249 |
| Price To Operating Cash Flow Ratio | -0.071 | ▲0.076 | ▲1.249 |
| Debt To Assets Ratio | 0.935 | ▲0.037 | ▲0.040 |
| Debt To Equity Ratio | 22.555 | ▲8.753 | ▲9.167 |
| Debt To Capital Ratio | 0.958 | ▲0.025 | ▲0.033 |
| Long Term Debt To Capital Ratio | 0.951 | ▲0.026 | ▲0.038 |
| Financial Leverage Ratio | 24.120 | ▲8.750 | ▲9.284 |
| Working Capital Turnover Ratio | -0.869 | ▼-0.869 | ▲5.513 |
| Operating Cash Flow Ratio | -2.842 | ▼-2.842 | ▼-2.273 |
| Operating Cash Flow Sales Ratio | -9.119 | ▼-3.708 | ▼-2.421 |
| Free Cash Flow Operating Cash Flow Ratio | 1.000 | 0.000 | 0.000 |
| Debt Service Coverage Ratio | 0.238 | ▼-0.113 | ▲0.022 |
| Interest Coverage Ratio | 0.959 | ▼-0.127 | ▲0.053 |
| Short Term Operating Cash Flow Coverage Ratio | -3.079 | ▲0.271 | ▼-0.938 |
| Operating Cash Flow Coverage Ratio | -0.456 | ▼-0.098 | ▼-0.171 |
| Capital Expenditure Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Dividend Paid And Capex Coverage Ratio | -95.243 | ▼-36.566 | ▼-47.477 |
| Dividend Payout Ratio | -1.514 | ▼-3.364 | ▲6.728 |
| Enterprise Value Multiple | 21.238 | ▲2.892 | ▼-128.675 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $720.3M | $862.3M | $861.7M | $792.5M | $1.49B | |
| Enterprise value | $22.63B | $17.01B | $13.41B | $12.04B | $13.92B | |
| EV / Sales | 20.44x | 15.70x | 84.57x | 23.04x | 14.62x | |
| EV / Op. cash flow | -2.24x | -2.90x | -6.65x | -86.52x | -2.44x | |
| EV / Free cash flow | -2.24x | -2.90x | -6.65x | -86.52x | -2.44x | |
| EV / EBITDA | 21.24x | 18.35x | 662.33x | 30.18x | 17.47x | |
| Net debt / EBITDA | 20.56x | 17.42x | 619.78x | 28.20x | 15.60x | |
| Current ratio | 0.28x | 0.00x | 0.00x | 0.00x | 0.00x | |
| Income quality | 144.15x | -108.56x | 886.47x | 0.85x | -17.82x | |
| Graham number | — | $9 | — | — | $28 | |
| Graham net-net | -$168 | -$125 | -$110 | -$98 | -$111 | |
| Tax burden | 156.2% | 74.1% | 355.9% | 89.1% | 94.5% | |
| Interest burden | -4.2% | 8.0% | 9.1% | -49.7% | 44.2% | |
| Working capital | -$2.55B | $0 | $0 | $0 | $0 | |
| Invested capital | -$2.50B | $56.6M | $72.2M | $93.1M | $69.4M | |
| Return on assets | -0.3% | 0.3% | -0.0% | -1.3% | 2.2% | |
| Operating ROA | 5.0% | 5.6% | 0.1% | 2.7% | 6.1% | |
| Return on tangible assets | -0.3% | 0.3% | -0.0% | -1.3% | 2.2% | |
| Return on equity | -7.1% | 4.5% | -0.2% | -15.1% | 23.1% | |
| Return on invested capital | 4.5% | 38.8% | 0.8% | 17.3% | 34.6% | |
| Return on capital employed | 5.2% | 5.0% | 0.1% | 2.8% | 5.2% | |
| Earnings yield | -9.7% | 6.3% | -0.3% | -20.6% | 21.4% | |
| Free cash flow yield | -1401.5% | -679.9% | -233.9% | -17.6% | -381.3% | |
| Capex / Op. cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Capex / Depreciation | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Capex / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| SG&A / Sales | 13.9% | 12.4% | 79.6% | 25.6% | 17.0% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 1.6% | 1.9% | 12.0% | 4.6% | 2.0% | |
| Intangibles / Total assets | 0.1% | 0.2% | 0.4% | 0.5% | 0.3% | |
| Days sales outstanding | 43d | 72d | 391d | 80d | 53d | |
| Days payables outstanding | 691d | 845d | 970d | 941d | 790d | |
| Operating cycle | 43d | 72d | 391d | 80d | 53d | |
| Cash conversion cycle | -647d | -773d | -579d | -861d | -737d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-09-14 Bradley L. Radoff Urges Redwood Trust''s Board of Directors to Explore a Sale HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff today issued the following open letter to the Board of Directors of Redwood Trust, Inc. (NYSE: RWT). *** September 14, 2026 Redwood Trust, Inc. One Belvedere Place, Suite 300 Mill Valley, California 94941 Attn: The Board of Directors Members of the Board of Directors (the “Board”), I am a significant holder of the outstanding shares of Redwood Trust, Inc. (“Redwood Trust” or the “Company”). Given the Company''s recent refinancing, I believe the Board s.
- 2026-09-11 Redwood Trust Prices Upsized $185.0 Million Convertible Senior Notes Offering [url="]Redwood Trust, Inc.[/url] (NYSE: RWT; âRedwoodâ or the âCompanyâ), a leader in expanding access to housing for homebuyers and renters, today anno
- 2026-09-11 Redwood Trust Prices Upsized $185.0 Million Convertible Senior Notes Offering MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it priced $185,000,000 aggregate principal amount of its 7.00% convertible senior notes due 2030 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate princ.
- 2026-09-10 Redwood Trust Announces Third Quarter 2026 Common and Preferred Dividends MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared third quarter 2026 common and preferred stock dividends.Common Stock DividendThe Board has authorized the declaration of a third quarter 2026 regular common stock dividend of $0.18 per share, unchanged from the second quarter of 2026. This marks the Company''s 10.
- 2026-09-10 Redwood Trust Announces Offering of Convertible Senior Notes Due 2030 MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it plans to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the.
- 2026-09-04 Redwood Trust: Legacy Losses Obscure A Profitable Mortgage Banking Franchise Redwood Trust is rated Buy with a 12-month base case price target of $5.52, reflecting a 35% total return potential. RWT trades at a 33% discount to GAAP book value, as the market over-penalizes legacy asset risks despite strong core mortgage banking performance. Core platforms delivered a 33% annualized return on capital and robust volume growth, but legacy losses continue to drag on consolidated earnings and dividend coverage.
- 2026-08-31 Redwood Trust, Inc. (NYSE:RWT) Given Average Rating of “Hold” by Brokerages Redwood Trust, Inc. (NYSE: RWT - Get Free Report) has received a consensus recommendation of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company.
- 2026-07-29 RWTQ: Downgrading Redwood Trust''s 9.5% Baby Bonds As Dividend Overhang Erodes Cushion Redwood Trust, Inc. (RWT) reported disappointing financials, with legacy portfolio losses driving book value down from $7.12 to $6.9 per share. RWT''s core mortgage business remains robust, posting strong volume growth and profitability without margin sacrifice, while the legacy segment continues to bleed. RWTQ 9.5% Senior Notes now yield 10.3%, reflecting increased risk from legacy losses and the company distributing more than it earns.
- 2026-07-28 Redwood Trust, Inc. (RWT) Q2 2026 Earnings Call Transcript Redwood Trust, Inc. (RWT) Q2 2026 Earnings Call Transcript
- 2026-07-28 Here''s What Key Metrics Tell Us About Redwood Trust (RWT) Q2 Earnings While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.