SuperDividend REIT ETF: An 8.4% Yield That's Probably Not Sustainable [Seeking Alpha]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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US:NYSE Investor Relations:
redwoodtrust.com/corporateprofile
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Source: Seeking Alpha
Summary Main Thesis In this article, we will take a look at the SuperDividend REIT ETF ( SRET ) for its suitability as an income investment. The fund takes a rather blind approach at asset allocation in mirroring an index of simply the 30 highest yielding REITs in the world. Notwithstanding this, there are some solid common stocks held in the portfolio that can deliver a sustainable yield. Active managers might consider holding individual positions mentioned here, but SRET can be a convenient way of delivering a high yield without taking on a lot of volatility. The challenge is that they have OK distribution coverage and no money saved in UNII, so the distribution is a little precarious. Furthermore, both equity and mortgage REITs face some pretty substantial headwinds because of the flattening yield curve, so I don't expect much capital growth from either sector if interest rate trends persist. Fund Overview Invests in the 30 highest yielding REIT common stocks
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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