A Peek At What Redwood Trust Inc. (RWT) Insiders Are Doing

Redwood Trust Inc. (NYSE:RWT) saw an upside of 1.70% to close Tuesday at $13.77 after adding $0.23 on the day. The 5-day average trading volume is 915,780 shares of the company’s common stock. It has gained $13.90 in the past week. An average of 1,187,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,012,734.

RWT’s 1-month performance is 9.98% or $1.51 on its low of $12.27 reached on 09/13/21. The company’s shares have touched a 52-week low of $7.80 and high of $13.65, with the stock’s rally to the 52-week high happening on 10/12/21. YTD, RWT has achieved 56.83% or $4.99. However, the current price is up 0.92%% from the 52-week high price.


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Insider Transactions

On Mar 03, 224 days have gone by since the last insider trading activity for Redwood Trust Inc. (RWT). PROCTOR GEORGANNE (Director) most recently sold 8,645 shares at $10.04 per share on Mar 03. This transaction cost the insider $86,796.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 15.68 and a low of 1.75. RWT stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.00 while the price-to-book (PB) in the most recent quarter is 1.20.

Redwood Trust Inc. pays an annual dividend of $0.84 per share. Its dividend yield is 6.10% and the payout ratio is 18.80%. RWT’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.21 a share compared with prior rate of $0.18, up 14.29% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.03 reported on Monday September 13 2021. Measured over the last 3 years, the Dividend has been growing by -35.27% yearly.

It is projected that Redwood Trust Inc.’s next ex-dividend date will be on 17-Dec. RWT is expected to distribute $0.21 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 6.97, while the total debt to equity was 8.11. In terms of profitability, the gross margin trailing 12 months is 19.90%. while for the period ending June 29; Redwood Trust Inc.’s operating margin was 82.10%. The firm’s gross profit as reported stood at $39.13 million against revenue of $571.92 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected RWT to announce $0.44 per share in earnings in its latest quarter, but it posted $0.66, representing a 50.00% surprise. EBITDA for the quarter stood at more than $4.43 million. RWT stock balance sheet for the quarter ending June 29 shows that, with total debt at $10.53 billion. Shareholders hold equity totaling $113.06 million

Technical Picture

Let’s look briefly at Redwood Trust Inc. (RWT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 81.03% to suggest the stock is trending Overbought, with historical volatility in this time period at 13.44%.

The stock’s 5-day moving average is $13.43, reflecting a +3.61% or $0.48 change from its current price. RWT is currently trading +9.20% above its 20-day SMA, +25.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.10% and +54.72% respectively.

Stochastic %K and %D was 91.63% and 87.15% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 75.35%, while the 14-day stochastic is at 89.43% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.43 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Redwood Trust Inc. (NYSE: RWT), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for RWT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RWT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

What is RWT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.50 and a high of $16.00, with their median price target at $14.75. Looking at these predictions, the average price target given by analysts is for Redwood Trust Inc. (RWT) stock is $14.82.

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