Redwood Trust Reports Fourth Quarter 2023 Financial Results [Yahoo! Finance]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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redwoodtrust.com/corporateprofile
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Source: Yahoo! Finance
access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2023. Key Q4 2023 Financial Results and Metrics GAAP book value per common share was $8.64 at December 31, 2023, a 1.5% decrease from $8.77 per share at September 30, 2023 Economic return on book value was 0.3% GAAP net income available to common stockholders of $19 million or $0.15 per diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $7 million or $0.05 per basic common share. In the fourth quarter of 2023, we updated our calculation of EAD – See "Non-GAAP Disclosures" section for additional details Recourse leverage ratio of 2.2x at December 31, 2023, compared to 2.3x at September 30, 2023 Declared and paid a regular quarterly dividend of $0.16 per common share Operational Business Highlights Residential Consumer Mortgage Banking Locked $1.2 billion of jumbo loans, down from $1.6 billion in the third quarter 2023, and p
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RWT
News
- Redwood Trust, Inc. (NYSE: RWT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $8.00 price target on the stock.MarketBeat
- Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered [Seeking Alpha]Seeking Alpha
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.75 to $7.25. They now have an "outperform" rating on the stock.MarketBeat
RWT
Earnings
- 2/20/24 - Miss
RWT
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- RWT's page on the SEC website