Norges Bank bought a new stake in Redwood Trust during the fourth quarter valued at approximately $7,534,000. Millennium Management LLC grew its position in Redwood Trust by 544.7% during the fourth quarter. Millennium Management LLC now owns 1,187,981 shares of the real estate investment trust’s stock valued at $8,031,000 after buying an additional 1,003,705 shares during the period.
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Redwood Trust – RWT Dividend Yield, Date & History
The https://1investing.in/ price estimated by analysts for RWT is $9.00, which is $2.48 above than the current price. The public float for RWT is 112.24M, and at present, short sellers hold a 7.28% of that float. The average trading volume of RWT on April 06, 2023 was 1.10M shares. Several hedge funds have recently made changes to their positions in RWT.
- The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.
- Market cap, also known as market capitalization, is the total market value of a company.
- Redwood Trust does not have a long track record of dividend growth.
9 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Redwood Trust in the last twelve months. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should “buy” RWT shares.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Redwood Trust’s most recent price target of $10.50 for 2023 was provided by four renowned analysts over the past few months, with an average prediction of $10.50.
Redwood Trust, Inc. to Report Q4, 2022 Results on Feb 09, 2023
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The Price-to-Earnings (or P/E) ratio is a commonly used tool for valuing a company. It’s calculated by dividing the current share price by the earnings per share . It can also be calculated by dividing the company’s Market Cap by the Net Profit. According to 14 analysts, the average rating for RWT stock is “Buy.” The 12-month stock price forecast is $9.31, which is an increase of 39.37% from the latest price.
Intraday data delayed at least 15 minutes or per exchange requirements. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 24th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 14.35%.
Measures how much net income or profit is generated as a percentage of revenue.
Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Redwood Trust, Inc. is a specialty finance company that is focused on areas of housing credit.
High institutional ownership can be a signal of strong market trust in this company. In the past three months, Redwood Trust insiders have not sold or bought any company stock. MarketBeat has tracked 3 news articles for Redwood Trust this week, compared to 1 article on an average week. Based on EPS estimates, Redwood Trust will have a dividend payout ratio of 92.00% in the coming year. This indicates that Redwood Trust may not be able to sustain their current dividend. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
71.73% of the stock is owned by hedge funds and other institutional investors. The company has a quick ratio of 5.29, a current ratio of 5.29 and a debt-to-equity ratio of 8.97. The firm’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $7.21. The stock has a market capitalization of $728.11 million, a PE ratio of -4.42 and a beta of 1.36. An exchange-traded fund designed to track real estate investment trusts that specialize in residential and commercial loans has been socked by the problems gripping the mortgage market. The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock.
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