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    R

    Redwood Trust Inc (RWT)

    Official site

    REAL ESTATE • REIT - MORTGAGE • NYSE

    $3.05
    -0.01 (-0.33%)

    Market Cap: $383.12M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    49%(19/39)
    Avg Surprise
    -15.15%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.24
    Range$0.22 - $0.25
    5 analysts
    EPS RevisionsNo revisions (7d)
    0
    6
    30d
    EPS Estimate DriftChange to current
    90d ago$0.25-5.5%
    60d ago$0.25-4.9%
    30d ago$0.25-3.2%
    7d ago$0.25-3.2%
    Current$0.24
    Revenue Consensus
    $38M
    Range$35M - $44M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.31
    Range$0.29 - $0.33
    5 analysts
    Revenue Consensus
    $39M
    Range$32M - $52M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.31---
    Sep 26EST
    		-$0.24---
    Jun 26
    Reported Jul 28
    		$0.25$0.26-3.85%Miss+266.7%
    Mar 26
    Reported Apr 29
    		$0.26$0.22+18.18%Beat+85.7%
    Dec 25
    Reported Feb 11
    		$0.21$0.20+5.00%Beat+61.5%
    Sep 25
    Reported Oct 29
    		$0.20$0.17+17.65%Beat+11.1%
    Jun 25
    Reported Jul 30
    		$-0.15$0.18-183.33%Miss-215.4%
    Mar 25
    Reported Apr 30
    		$0.14$0.17-17.65%Miss+75.0%
    Dec 24
    Reported Feb 13
    		$0.13$0.17-21.88%Miss+160.0%
    Sep 24
    Reported Oct 30
    		$0.18$0.14+28.57%Beat+100.0%
    Jun 24
    Reported Aug 1
    		$0.13$0.13+0.00%Beat-7.1%
    Mar 24
    Reported Apr 30
    		$0.08$0.08+0.00%Beat-33.3%
    Dec 23
    Reported Feb 20
    		$0.05N/A-64.29%Miss+145.5%
    Sep 23
    Reported Oct 30
    		$0.09$0.16-43.75%Miss+28.6%
    Jun 23
    Reported Jul 27
    		$0.14$0.11+27.27%Beat+187.5%
    Mar 23
    Reported Apr 27
    		$0.12$0.14-14.29%Miss-53.8%
    Dec 22
    Reported Feb 9
    		$-0.11$0.17-164.71%Miss-142.3%
    Sep 22
    Reported Oct 27
    		$0.07$0.08-12.50%Miss-84.1%
    Jun 22
    Reported Jul 28
    		$-0.16$0.20-180.00%Miss-151.6%
    Mar 22
    Reported Apr 28
    		$0.26$0.25+4.00%Beat-35.0%
    Dec 21
    Reported Feb 9
    		$0.26$0.34-23.53%Miss+8.3%
    Sep 21
    Reported Oct 27
    		$0.44$0.27+62.96%Beat+51.7%
    Jun 21
    Reported Jul 28
    		$0.31$0.35-11.43%Miss+244.4%
    Mar 21
    Reported Apr 28
    		$0.40$0.26+53.85%Beat+208.1%
    Dec 20
    Reported Feb 10
    		$0.24$0.27-11.11%Miss-46.7%
    Sep 20
    Reported Oct 29
    		$0.29$0.12+141.67%Beat-21.6%
    Jun 20
    Reported Jul 30
    		$0.09$0.13-30.77%Miss-76.9%
    Mar 20
    Reported May 7
    		$-0.37$0.27-237.04%Miss-202.8%
    Dec 19
    Reported Feb 27
    		$0.45$0.36+25.00%Beat+15.4%
    Sep 19
    Reported Oct 30
    		$0.37$0.40-7.50%Miss-5.1%
    Jun 19
    Reported Aug 1
    		$0.39$0.38+2.63%Beat-4.9%
    Mar 19
    Reported May 8
    		$0.36$0.38-5.26%Miss-40.0%
    Dec 18
    Reported Feb 14
    		$0.39$0.38+2.63%Beat+11.4%
    Sep 18
    Reported Nov 7
    		$0.39$0.37+5.41%Beat+11.4%
    Jun 18
    Reported Aug 7
    		$0.41$0.39+5.13%Beat+17.1%
    Mar 18
    Reported May 7
    		$0.60$0.35+71.43%Beat+66.7%
    Dec 17
    Reported Feb 22
    		$0.35$0.35+0.00%Beat+12.9%
    Sep 17
    Reported Nov 6
    		$0.35$0.39-10.26%Miss-
    Jun 17
    Reported Aug 3
    		$0.35$0.37-5.41%Miss-
    Mar 17
    Reported May 4
    		$0.36$0.36+0.00%Beat-
    Dec 16
    Reported Feb 23
    		$0.31$0.36-13.89%Miss-

    Dividends

    Dividend Metrics

    Forward Yield23.61%
    Forward Annual Dividend$0.72
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR-7.85%
    5Y CAGR-0.14%
    RWT dividend history and ex-dividend datesRun RWT in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio3.32EV/EBITDA40.16x
    Price/FCF-0.03xFCF Yield-3736.60%
    Profitability
    Profit Margin2.19%Operating Margin0.08%
    ROE0.57%ROIC1.55%
    Financial Health
    Debt/Equity29.13xInterest Coverage0.74x
    Current Ratio-174.41xQuick Ratio-174.41x
    Trading Statistics
    Beta1.51Avg Volume5.48M
    52-Week High$6.2152-Week Low$2.98

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$3.39
    SMA 20$3.58
    SMA 50$3.93
    SMA 200$4.61
    EMA 10$3.33
    EMA 20$3.52
    EMA 50$3.81
    EMA 200$4.42

    MACD

    Line: -0.23Signal: -0.17Hist: -0.05

    ADX

    ADX: 41.5+DI: 8.6-DI: 32.0

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down100.0
    PSAR$3.97

    Bollinger Bands

    Upper Band$4.12
    Lower Band$3.04
    %B Position3015%(Upper)
    Band Width0.01

    RSI (14-Day)

    Oversold
    25.5

    Momentum Oscillators

    Stoch %K3.7
    Stoch %D4.1
    Williams %R-93.0
    ROC (10d)-20.8%
    Momentum-0.80
    CCI (20d)-157.4
    MFI (14d)39.1

    Volatility Measures

    ATR (14d)$0.23(7.7%)
    StdDev (20d)0.27
    Hist Vol42.7%(High)

    Volume Flow

    VWAP$3.05
    OBV-18.6M
    AD Line-3.7B
    CMF (20d)-1.427

    Volume Metrics

    Avg Vol (20d)5.0M
    Vol Ratio0.6x
    VWMA (20d)$3.66

    Pivot Points

    R3$3.28
    R2$3.22
    R1$3.14
    Pivot Point$3.08
    S1$3.00
    S2$2.94
    S3$2.86

    Advanced Oscillators

    TSI-33.79
    Ultimate Osc27.2
    KST-150.26

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$56.01M$370.68M$210.75M$327.57M$217.59M$307.94M$45.19M$67.49M$67.45M$74.55M$57.04M$10.76M
    Cost of Revenue$11.80M$322.20M$9.30M$284.54M$270.50M$-515,961,000$9.70M$9.53M$8.53M$5.83M$6.85M$5.54M
    Gross Profit$42.99M$48.48M$201.44M$43.04M$-52,912,000$63.79M$21.18M$57.96M$58.92M$68.72M$50.19M$5.22M
    Operating Expenses$44.03M$56.48M$-127,627,000$44.39M$41.02M$37.47M$32.53M$36.01M$33.28M$32.57M$32.24M$29.70M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$7.70M$47.42M$38.33M$37.67M$35.47M$32.47M$24.51M$28.17M$25.95M$27.57M$22.38M$26.70M
    Operating Income$353.20M$-8,006,000$329.07M$-1,351,000$-93,930,000$263.77M$2.97M$21.95M$25.64M$36.15M$17.95M$-24,481,000
    Interest Income$385.22M$356.92M$326.96M$299.53M$284.34M$272.09M$266.36M$248.64M$225.42M$204.74M$189.89M$177.00M
    Interest Expense$6.00M$322.20M$301.04M$284.54M$270.50M$244.15M$238.76M$223.15M$200.12M$180.53M$169.83M$157.00M
    Income Before Tax$45,000$-8,006,000$28.03M$-1,351,000$-93,930,000$22.41M$-356,000$21.95M$20.46M$30.79M$22.04M$-29,114,000
    Income Tax Expense$1.15M$-2,503,000$8.01M$6.35M$4.56M$6.26M$6.26M$7.13M$4.92M$523,000$993,000$1.70M
    Net Income$-1,100,000$-5,503,000$20.02M$-7,704,000$-98,492,000$16.15M$-6,618,000$14.83M$15.53M$30.26M$21.04M$-30,810,000
    EBITDA$355.58M$-5,734,000$331.34M$978,000$-91,223,000$824.35M$241.24M$24.77M$223.43M$36.15M$3.77M$134.47M
    EBIT$353.20M$-8,006,000$329.07M$-1,351,000$-93,930,000$821.60M$238.46M$21.95M$220.58M$32.68M$0$127.61M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Redwood Trust President Robinson Dashiell Acquires 63,211 Shares at $3.98 on September 16, 2026

    Redwood Trust President Robinson Dashiell acquired 63,211 shares of REDWOOD TRUST INC (NYSE:RWT) at $3.98 each on September 16, 2026. This purchase increased his total holdings to 395,050 shares...

    Kalkine Media•9/17/26•Bullish

    Redwood Trust (RWT) Prices $185M of Convertibles. Does Maturity Relief Justify Higher Interest?

    Redwood Trust, Inc. (NYSE: RWT) has priced $185 million of 7% convertible senior notes due September 2030, aiming to repurchase $123.79 million of 7.75% notes due 2027 and $20 million in common shares. While this extends...

    Yahoo Finance•9/16/26•Neutral

    Wellington Management Group LLP Has $41.41 Million Holdings in Redwood Trust, Inc. $RWT

    Wellington Management Group LLP decreased its stake in Redwood Trust, Inc. by 20.9% in the second quarter, now holding 8.74 million shares valued at approximately $41.4 million. Despite mixed analyst sentiment...

    MarketBeat•9/5/26•Neutral

    J.P. Morgan Maintains Redwood Trust Inc(RWT.US) With Buy Rating, Cuts Target Price to $5.5

    J.P. Morgan has reiterated its "Buy" rating for Redwood Trust Inc (RWT.US) but has adjusted its price target downwards to $5.50. This indicates a continued positive outlook on the company despite a revised valuation.

    富途牛牛•8/9/26•Neutral

    RWTQ: Downgrading Redwood Trust's 9.5% Baby Bonds As Dividend Overhang Erodes Cushion

    Redwood Trust, Inc. (RWT) reported disappointing financial results, with legacy portfolio losses causing a decline in book value. While RWT's core mortgage business is performing well...

    Seeking Alpha•7/29/26•Bearish

    RWT Valuation and Fair Value

    P/E
    3.3x
    Forward P/E
    6.2x
    EV/EBITDA
    40.2x
    P/FCF
    -0.0x
    PEG
    1.5x
    P/B
    0.4x
    See GNG's fair value

    RWT Profitability: Margins, ROIC and FCF

    Gross margin
    34.8%
    Operating margin
    0.1%
    Net margin
    2.2%
    ROIC
    1.6%
    ROE
    0.6%
    FCF margin
    -1480.2%
    FCF yield
    -3736.6%

    RWT Competitors

    CompanyTicker
    Frp Holdings OrdFRPH
    Nexpoint Real Estate Finance IncNREF
    Community Healthcare Trust IncCHCT
    KKR Real Estate Finance Trust IncKREF
    Gladstone Land CorpLANDM
    Alpine Income Property Trust, Inc.PINE
    Gladstone Land CorporationLAND
    RMR Group IncRMR

    Sector: Real Estate

    RWT Analyst Ratings

    Consensus
    Buy
    Analysts
    9
    Strong Buy
    3
    Buy
    4
    Hold
    2
    Sell
    0
    Strong Sell
    0

    RWT Bull Case vs Bear Case

    Bull case

    • 77.8% of RWT's analyst ratings are Buy or Strong Buy.

    Bear case

    • RWT's quarterly revenue changed -13.4% year over year.
    • RWT has a debt-to-equity ratio of 29.1x.

    RWT Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -19.7%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.24
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 6 down

    RWT Dividend

    Forward yield
    23.6%
    3Y DPS growth
    -7.8%
    5Y DPS growth
    -0.1%
    Pay months
    Mar, Jun, Sep, Dec
    RWT dividend history

    Frequently Asked Questions About RWT

    What is RWT's current dividend yield?

    Redwood Trust Inc (RWT) has a forward dividend yield of 23.61%.

    Does RWT pay dividends?

    Yes, Redwood Trust Inc pays dividends with a forward dividend yield of 23.61%.

    What is RWT's P/E ratio?

    Redwood Trust Inc has a price-to-earnings (P/E) ratio of 3.32.

    What is RWT's market cap?

    Redwood Trust Inc (RWT) has a market capitalization of $383.12M with a current stock price of $3.05.

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