Redwood Trust Inc RWT Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$3.18 up $0.07, 2.09% on Nov 6
Last price · Previous close $3.11
- Market cap
- At the last price
- P/E ratio
- n/mLoss over last 12 months
- Diluted EPS
- −$0.05Last 12 months
- Dividend yield
- 42.72%Last 12 months
Price chart
$3.18up $0.07, 2.09%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$3.11Nov 5
- Volume4.20MNov 5 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume3.12MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $2.69 to $6.97; now $3.18
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the last price. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
RWT trailed the S&P 500 in all 7 periods.
| Period | RWT and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | RWT: down 7.7% S&P 500: down 5.6% | RWT trailed the S&P 500 by 2.1 percentage points Trailed |
| 3M | RWT: down 17.3% S&P 500: down 4.1% | RWT trailed the S&P 500 by 13.2 percentage points Trailed |
| YTD | RWT: down 26.9% S&P 500: up 8.7% | RWT trailed the S&P 500 by 35.6 percentage points Trailed |
| 1Y | RWT: down 18.4% S&P 500: up 10.9% | RWT trailed the S&P 500 by 29.3 percentage points Trailed |
| Long term | ||
| 3Y | RWT: down 24.1% S&P 500: up 75.0% −8.8% vs +20.5% a year | RWT trailed the S&P 500 by 99.1 percentage points Trailed |
| 5Y | RWT: down 53.1% S&P 500: up 67.8% −14.1% vs +10.9% a year | RWT trailed the S&P 500 by 120.9 percentage points Trailed |
| 10Y | RWT: down 33.8% S&P 500: up 313.1% −4.0% vs +15.2% a year | RWT trailed the S&P 500 by 346.9 percentage points Trailed |
$10,000 invested in RWT 10 years ago (Nov 4, 2016) would be worth about $6,624 as of , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
RWT trailed the S&P 500 in all 7 periods.
| Period | RWT and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | RWT: down 7.7% S&P 500: down 5.6% | RWT trailed the S&P 500 by 2.1 percentage points Trailed |
| 3M | RWT: down 30.4% S&P 500: down 4.3% | RWT trailed the S&P 500 by 26.1 percentage points Trailed |
| YTD | RWT: down 42.6% S&P 500: up 7.8% | RWT trailed the S&P 500 by 50.4 percentage points Trailed |
| 1Y | RWT: down 38.0% S&P 500: up 9.7% | RWT trailed the S&P 500 by 47.7 percentage points Trailed |
| Long term | ||
| 3Y | RWT: down 53.3% S&P 500: up 68.8% −22.4% vs +19.1% a year | RWT trailed the S&P 500 by 122.1 percentage points Trailed |
| 5Y | RWT: down 76.9% S&P 500: up 56.9% −25.4% vs +9.4% a year | RWT trailed the S&P 500 by 133.8 percentage points Trailed |
| 10Y | RWT: down 77.2% S&P 500: up 252.6% −13.8% vs +13.4% a year | RWT trailed the S&P 500 by 329.8 percentage points Trailed |
$10,000 invested in RWT 10 years ago (Nov 4, 2016) would be worth about $2,278 as of , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$66.00
Closing high on . Now 95.2% below that record.
Split-adjusted daily closes since Aug 4, 1995.
Stock splits
RWT hasn’t split since its price history begins in 1995.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $261.57Mup 73.6%
- Net income
- $5.72M
- Diluted EPS
- −$0.05
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $69.72M | $14.83M | $0.09 |
| Q4 FY24 (Dec 31, 2024) | $45.19M | −$6.62M | −$0.08 |
| Q1 FY25 (Mar 31, 2025) | $73.85M | $16.15M | $0.10 |
| Q2 FY25 (Jun 30, 2025) | −$38.10M | −$98.49M | −$0.76 |
| Q3 FY25 (Sep 30, 2025) | $54.37M | −$7.70M | −$0.08 |
| Q4 FY25 (Dec 31, 2025) | $87.25M | $20.02M | $0.13 |
| Q1 FY26 (Mar 31, 2026) | $63.94M | −$5.50M | −$0.07 |
| Q2 FY26 (Jun 30, 2026) | $56.01M | −$1.10M | −$0.03 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $541.98M | $319.61M | $2.37 |
| FY22 (Dec 31, 2022) | −$7.23M | −$163.52M | −$1.43 |
| FY23 (Dec 31, 2023) | $165.63M | −$2.27M | −$0.11 |
| FY24 (Dec 31, 2024) | $256.91M | $54.00M | $0.32 |
| FY25 (Dec 31, 2025) | $177.37M | −$70.03M | −$0.63 |
Margins
- Gross 100.0%
- Operating 17.0%
- Net 2.2%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$14.28BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow−$14.28BLast 12 months
- Capital spending$0.00Last 12 months
- −5,460.8%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $45.05MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$96.12MLast 12 months
- Total returned$141.17MLast 12 months
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$27.47BAs of Jun 30, 2026
- 29.42As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 0.6%Last 12 months
Over the last 12 months, Redwood Trust’s net income was 0.6% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 0.0%Last 12 months
Over the last 12 months, Redwood Trust’s net income was 0.0% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $1.12 |
| 2017 | $1.12 |
| 2018 | $1.18 |
| 2019 | $1.20 |
| 2020 | $0.73 |
| 2021 | $0.78 |
| 2022 | $0.92 |
| 2023 | $0.71 |
| 2024 | $0.67 |
| 2025 | $0.72 |
| 2026 (to date) | $1.18 |
Dividend details
- $1.36Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield42.72%Last 12 months
- $0.18Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly5 payments in the last 12 months
- down 0.1% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 1 yearThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
About Redwood Trust Inc
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms, whole-loan distribution activities, joint ventures and our publicly traded shares. We operate through three core residential housing-focused operating platforms — Sequoia, Aspire, and CoreVest — alongside our complementary Redwood Investments portfolio which is primarily composed of assets we source through these platforms. Redwood Investments also includes RWT Horizons®, our unified technology platform spanning internal AI innovation and strategic investments across the ecosystem, which supports our efforts to develop an AI-first operating model that enables compounding operational leverage and scalable growth. This reflects how we manage and organize our business and may differ from the manner in which our reportable segments are presented for financial reporting purposes. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. Redwood Trust is internally managed and structured as a real estate investment trust ("REIT") for tax purposes.
- Sector
- Financial Services
- Industry
- REIT - Mortgage
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
RWT news
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RWT stock FAQ
What is RWT stock’s price today?
Redwood Trust (RWT) traded at $3.18 as of , up $0.07 (2.09%) from the previous close of $3.11. Over the past 52 weeks it has traded between $2.69 and $6.97.
If you invested $1,000 in RWT 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in RWT on would be worth about $662 as of , a total return of −33.8%. The same $1,000 would be worth $469 if invested five years ago, $816 if invested one year ago, $387 if invested 20 years ago, and $1,643 if invested 30 years ago. Past performance doesn’t predict future returns.
What is RWT’s P/E ratio?
RWT’s P/E ratio isn’t meaningful right now because its earnings over the four quarters to are negative (diluted EPS of −$0.05).
How much revenue does Redwood Trust make?
Redwood Trust reported $261.6 million of revenue over the four quarters to , up 73.6% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $56.0 million, down 247.0% from a year earlier.
Is Redwood Trust profitable?
Yes. Redwood Trust earned $5.7 million of net income over the four quarters to , a net margin of 2.2%, and its operating margin was 17.0% (what margins tell you).
What are RWT’s earnings per share?
RWT’s diluted earnings per share were −$0.05 over the four quarters to , compared with −$0.65 in the twelve months before. The latest quarter (Q2 FY26) brought −$0.03 per share, against −$0.76 a year earlier (how EPS works).
Does RWT pay a dividend?
Yes. Redwood Trust pays a quarterly dividend. The most recent was $0.18 per share, with an ex-dividend date of . Over the last twelve months it paid $1.36 per share, a 42.72% yield at the last price on (how dividend yield works).
Based on the last 12 months’ payments ($1.36 per share), and if the next 12 months match the last 12, 100 shares would receive about $136 over 12 months, and $1,000 over 12 months would take about 738 shares, roughly $2,343 at the last price on . Dividends can change.
What is RWT’s 52-week high and low?
Over the past 52 weeks RWT has traded as low as $2.69 and as high as $6.97. At $3.18 as of , it is 54.4% below that high and 18.0% above the low.
What is RWT’s all-time high?
RWT’s highest closing price was $66.00 on , adjusted for stock splits. At $3.18 as of , it is 95.2% below that record.
Has RWT stock ever split?
No. RWT hasn’t split since its price history begins in 1995.
How has RWT stock performed?
Including dividends and measured to the last price on , RWT has returned −26.9% so far this year and −18.4% over the past year, and −53.1% over five years (−14.1% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Redwood Trust in?
Redwood Trust is in the Financial Services sector and the REIT - Mortgage industry, and is headquartered in California, USA.
What exchange does RWT trade on?
Redwood Trust trades on the NYSE under the ticker symbol RWT. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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