Redwood Trust, Inc. (NYSE:RWT ) Q4 2024 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz - Head of Investor Relations Christopher Abate - Chief Executive Officer Dashiell Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc. Bradley Capuzzi - Piper Sandler Eric Hagen - BTIG Steven Delaney - JMP Securities Douglas Harter - UBS Investment Bank Donald Fandetti - Wells Fargo Securities Richard Shane - JPMorgan Chase & Co Jason Weaver - Jones Trading Operator Good afternoon and welcome to The Redwood Trust Fourth Quarter 2024 Financial Results Conference Call. Today's conference is being recorded.
The headline numbers for Redwood Trust (RWT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Redwood Trust (RWT) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.05 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Redwood Trust (RWT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, s.
Redwood Trust is rated a buy due to its 11% dividend yield, potential growth from lower rates, and strong homebuilder optimism. The company focuses on residential loans and mortgages, with a stable book value and a discounted P/B ratio of 0.76x. Lower mortgage rates may increase capital deployment, improving earnings and book value, supported by management's positive outlook and increased capital deployment.
Redwood Trust (RWT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Redwood Trust, Inc. (NYSE:RWT ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz – Head of Investor Relations Chris Abate – Chief Executive Officer Dash Robinson – President Brooke Carillo – Chief Financial Officer Conference Call Participants Rick Shane – JPMorgan Bose George – KBW Jason Weaver – Jones Trading Doug Harter – UBS Don Fandetti – Wells Fargo Brad Capuzzi – Piper Sandler Steve Delaney – JMP Securities Brian Violino – Wedbush Securities Eric Hagen – BTIG Operator Ladies and gentlemen, greetings, and welcome to the Redwood Trust Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Redwood Trust (RWT) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.09 per share a year ago.
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood's mission of making quality housing – whether rented or owned – accessible to all American households. Abhinav Asthana joins the company as Chief T.