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Redwood Trust, Inc. (RWT)

Real Estate | REIT - Mortgage | Mill Valley, United States | NYSE
4.62 USD -0.01 (-0.216%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 4.65 +0.03 (0.732%) ⇧ (Aug. 28, 2026, 7:37 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 4:22 a.m. EDT

The long-term outlook is dire, driven by a brutal multi-year decline where the stock has lost more than half its value over nine years. The data shows four consecutive years of negative annual returns, confirming a structural deterioration rather than a temporary dip. Fundamentals are broken: the company is generating negative operating cash flow, has a negative trailing EPS, and carries an absurd debt-to-equity ratio of nearly 3,000%. Despite the 15% dividend yield, this is a classic value trap; the payout is likely unsustainable given the negative cash flow and represents a return of capital rather than earnings. The short-term picture offers no relief, as the stock is trading below its 50-day and 200-day averages, and options flow suggests heavy hedging against further drops. The statistical forecast models a slight decline, aligning with the broader bearish sentiment. Avoid this security entirely.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.030591
MSTL0.031120
AutoTheta0.043295
AutoARIMA0.112967

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 52%
H-stat 0.10
Ljung-Box p 0.000
Jarque-Bera p 0.233
Excess Kurtosis -0.80
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-22
Last Dividend Date 2026-06-22
Debt to Equity Ratio 2939.842
Revenue per Share 2.07
Market Cap 580,329,408
Forward P/E 4.26
Beta 1.43
Profit Margins 2.19%
Website https://www.redwoodtrust.com

As of Aug. 22, 2026, 4:22 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, with massive open interest in out-of-the-money puts relative to calls. The put/call ratio is heavily skewed toward bearish bets, particularly at strikes below the current price, while call volume remains thin and concentrated at lower strikes. Implied volatility is significantly elevated for puts compared to calls, indicating a market pricing in a high probability of further decline.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.74% 13.53% 11.37% 11.23%
Dividend History
Date Dividend Yield %
2026-06-23 0.180 3.742204
2026-03-24 0.180 3.402647
2025-12-23 0.180 3.278689
2025-09-23 0.180 3.103448
2025-06-23 0.180 3.243243
2025-03-24 0.180 2.912621
2024-12-23 0.180 2.773498
2024-09-23 0.170 2.202073
2024-06-21 0.160 2.527646
2024-03-20 0.160 2.535658
2023-12-19 0.160 2.141901
2023-09-21 0.160 2.250352
2023-06-22 0.160 2.572347
2023-03-23 0.230 3.770492
2022-12-19 0.230 3.333333
2022-09-22 0.230 3.522205
2022-06-22 0.230 3.225806
2022-03-23 0.230 2.200957
2021-12-16 0.230 1.762452
2021-09-22 0.210 1.657459
2021-06-22 0.180 1.487603
2021-03-23 0.160 1.576355
2020-12-16 0.140 1.596351
2020-09-21 0.140 1.825293
2020-06-19 0.125 1.891074
2020-03-13 0.320 2.547771
2019-12-13 0.300 1.845018
2019-09-13 0.300 1.794258
2019-06-13 0.300 1.885607
2019-03-14 0.300 1.912046
2018-12-13 0.300 1.892744
2018-09-13 0.300 1.813785
2018-06-14 0.300 1.818182
2018-03-14 0.280 1.807618
2017-12-14 0.280 1.886792
2017-09-14 0.280 1.764335
2017-06-14 0.280 1.650943
2017-03-14 0.280 1.743462
2016-12-13 0.280 1.826484
2016-09-13 0.280 2.102102
2016-06-14 0.280 2.033406
2016-03-14 0.280 2.283850
2015-12-15 0.280 2.223987
2015-09-11 0.280 2.000000
2015-06-12 0.280 1.674641
2015-03-13 0.280 1.547816
2014-12-11 0.280 1.424936
2014-09-11 0.280 1.538461
2014-06-11 0.280 1.469045
2014-03-12 0.280 1.344861
2013-12-11 0.280 1.511063
2013-09-11 0.280 1.513514
2013-06-12 0.280 1.513514
2013-03-13 0.280 1.224311
2012-12-12 0.250 1.543210
2012-09-12 0.250 1.709986
2012-06-13 0.250 2.149613
2012-03-13 0.250 2.202643
2011-12-13 0.250 2.367424
2011-09-28 0.250 2.162630
2011-06-28 0.250 1.685772
2011-03-29 0.250 1.596424
2010-12-29 0.250 1.674481
2010-09-28 0.250 1.748252
2010-06-28 0.250 1.608752
2010-03-29 0.250 1.692620
2009-12-29 0.250 1.685772
2009-09-28 0.250 1.559576
2009-06-26 0.250 1.673360
2009-03-27 0.250 1.613945
2008-12-29 0.750 5.764796
2008-09-26 0.750 3.118503
2008-06-26 0.750 2.617801
2008-03-27 0.750 2.106742
2007-12-27 0.750 2.230152
2007-11-21 2.000 6.408203
2007-09-26 0.750 2.209782
2007-06-27 0.750 1.528429
2007-03-28 0.750 1.438159
2006-12-27 0.700 1.198835
2006-11-22 3.000 5.351409
2006-09-27 0.700 1.373357
2006-06-28 0.700 1.512532
2006-03-29 0.700 1.615509
2005-12-28 0.700 1.656805
2005-11-22 3.000 6.887052
2005-09-28 0.700 1.436487
2005-06-28 0.700 1.340483
2005-03-29 0.700 1.436487
2004-12-29 0.670 1.091205
2004-11-26 5.500 9.417808
2004-09-28 0.670 1.088546
2004-06-28 0.670 1.220623
2004-03-29 1.170 1.946755
2003-12-29 0.650 1.277516
2003-11-25 4.750 9.061427
2003-09-26 0.650 1.579587
2003-06-26 0.650 1.611304
2003-03-27 0.650 1.987768
2002-12-27 0.755 2.791128
2002-09-26 0.755 2.718761
2002-06-26 0.755 2.467320
2002-03-26 0.620 2.279412
2001-12-27 0.600 2.448980
2001-11-13 0.150 0.606061
2001-09-26 0.570 2.375000
2001-08-16 0.180 0.707269
2001-06-27 0.550 2.372735
2001-03-28 0.500 2.525253
2000-12-27 0.440 2.496454
2000-09-27 0.420 2.720648
2000-06-28 0.400 2.949309
2000-03-29 0.350 2.533937
1999-12-29 0.250 2.072539
1999-11-04 0.150 1.243523
1998-08-04 0.010 0.066390
1998-05-05 0.455 1.779951
1997-12-29 0.538 2.750160
1997-09-26 0.552 1.795122
1997-06-26 0.452 0.982609
1997-03-26 0.452 0.949081
1996-12-27 0.368 1.018685
1996-09-26 0.380 1.196850
1996-06-26 0.330 1.281553
1996-03-27 0.115 0.567901
Additional Data
dividendRate 0.72
dividendYield 15.58
exDividendDate 2026-06-23
trailingAnnualDividendRate 0.72
trailingAnnualDividendYield 0.15550756
lastDividendValue 0.18
lastDividendDate 2026-06-23
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change -0.22742474
Address1 One Belvedere Place
Address2 Suite 300
All Time High 66.68
All Time Low 2.14
Ask 0.0
Ask Size 15,000
Audit Risk 5
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 1,110,670
Average Daily Volume3 Month 2,548,406
Average Volume 2,548,406
Average Volume10Days 1,110,670
Beta 1.432
Bid 0.0
Bid Size 3,000
Board Risk 2
Book Value 7.436
City Mill Valley
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.62
Current Ratio 6.523
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 4.6692
Day Low 4.6
Debt To Equity 2,939.842
Display Name Redwood Trust
Dividend Date 1,782,777,600
Dividend Rate 0.72
Dividend Yield 15.58
Earnings Call Timestamp End 1,785,240,000
Earnings Call Timestamp Start 1,785,240,000
Earnings Timestamp 1,785,241,800
Earnings Timestamp End 1,793,190,600
Earnings Timestamp Start 1,793,190,600
Ebitda Margins 0.0
Enterprise To Revenue 105.902
Enterprise Value 27,700,764,672
Eps Current Year 1.03133
Eps Forward 1.08539
Eps Trailing Twelve Months -0.06
Esg Populated 0
Ex Dividend Date 1,782,172,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 4.8044
Fifty Day Average Change -0.18440008
Fifty Day Average Change Percent -0.038381502
Fifty Two Week Change Percent -22.742474
Fifty Two Week High 6.97
Fifty Two Week High Change -2.35
Fifty Two Week High Change Percent -0.33715925
Fifty Two Week Low 4.19
Fifty Two Week Low Change 0.42999983
Fifty Two Week Low Change Percent 0.10262526
Fifty Two Week Range 4.19 - 6.97
Financial Currency USD
First Trade Date Milliseconds 807,543,000,000
Five Year Avg Dividend Yield 10.94
Float Shares 123,423,007
Forward Eps 1.08539
Forward P E 4.2565346
Full Exchange Name NYSE
Full Time Employees 351
Fullday Change -0.0100002
Fullday Change Percent -0.215988
Fullday Price 4.6538
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.8088
Gross Profits 211,559,008
Has Pre Post Market Data 1
Held Percent Insiders 0.01607
Held Percent Institutions 0.80152
Implied Shares Outstanding 125,612,432
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,782,172,800
Last Dividend Value 0.18
Last Fiscal Year End 1,767,139,200
Long Business Summary Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. It operates through four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The CoreVest Mortgage Banking segment operates a platform that originates residential investor loans for subsequent securitization, sale, or transfer into the Redwood Investments portfolio or into joint ventures. This segment also includes various derivative financial instruments that we utilize to manage certain risks associated with our inventory of loans held for sale. The Redwood Investments segment primarily targets investments with sensitivity to housing credit risk, sourced through our operating platforms where control the underwriting and collateral review. Going forward, the Redwood Investments portfolio will focus on retained interests from the company's own securitizations and other investment vehicles, rather than third-party securities, consistent with Redwood's strategic shift toward internally originated investments. The Legacy Investments segment consists of assets no longer aligned with our core strategic objectives, including legacy unsecuritized bridge and term loans, residential re-performing loan securities, and other non-core legacy assets that are in the active process of sale, runoff, or other disposition as part of the accelerated strategic repositioning of our business model. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
Long Name Redwood Trust, Inc.
Market us_market
Market Cap 580,329,408
Market State PREPRE
Max Age 86,400
Message Board Id finmb_342014
Most Recent Quarter 1,782,777,600
Net Income To Common -6,834,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 581,585,560
Number Of Analyst Opinions 8
Open 4.65
Operating Cashflow -14,283,747,328
Operating Margins 0.0008
Overall Risk 2
Payout Ratio 3.2857
Peg Ratio 1.47
Phone 415 389 7373
Post Market Change 0.033800125
Post Market Change Percent 0.73160446
Post Market Price 4.6538
Post Market Time 1,787,960,250
Previous Close 4.63
Price Eps Current Year 4.4796524
Price Hint 4
Price To Book 0.6213018
Price To Sales Trailing12 Months 2.2186391
Profit Margins 0.02185
Quick Ratio 5.704
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.875
Region US
Regular Market Change -0.0100002
Regular Market Change Percent -0.215988
Regular Market Day High 4.6692
Regular Market Day Low 4.6
Regular Market Day Range 4.6 - 4.6692
Regular Market Open 4.65
Regular Market Previous Close 4.63
Regular Market Price 4.62
Regular Market Time 1,787,947,202
Regular Market Volume 1,099,690
Return On Assets 0.00023
Return On Equity 0.00574
Revenue Per Share 2.07
Sand P52 Week Change 0.20204377
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 4
Shares Outstanding 125,612,432
Shares Percent Shares Out 0.0
Shares Short 1,061
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 7,912
Short Name Redwood Trust, Inc.
Short Percent Of Float 0.0
Short Ratio 0.0
Source Interval 15
State CA
Symbol RWT
Target High Price 6.5
Target Low Price 5.25
Target Mean Price 5.84375
Target Median Price 6.0
Total Cash 444,832,000
Total Cash Per Share 3.541
Total Debt 27,496,841,216
Total Revenue 261,570,000
Tradeable 0
Trailing Annual Dividend Rate 0.72
Trailing Annual Dividend Yield 0.15550756
Trailing Eps -0.06
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 5.41315
Two Hundred Day Average Change -0.79314995
Two Hundred Day Average Change Percent -0.14652282
Type Disp Equity
Volume 1,099,690
Website https://www.redwoodtrust.com
Zip 94,941