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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.07
RWT's Cash-to-Debt is ranked higher than
54% of the 666 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.06 vs. RWT: 0.07 )
Ranked among companies with meaningful Cash-to-Debt only.
RWT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.02 Max: No Debt
Current: 0.07
Equity-to-Asset 0.22
RWT's Equity-to-Asset is ranked lower than
91% of the 703 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.52 vs. RWT: 0.22 )
Ranked among companies with meaningful Equity-to-Asset only.
RWT' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.07  Med: 0.11 Max: 0.27
Current: 0.22
-0.07
0.27
Interest Coverage 1.94
RWT's Interest Coverage is ranked lower than
75% of the 675 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.73 vs. RWT: 1.94 )
Ranked among companies with meaningful Interest Coverage only.
RWT' s Interest Coverage Range Over the Past 10 Years
Min: 0.25  Med: 1.13 Max: 2.42
Current: 1.94
0.25
2.42
Beneish M-Score: 1.67
WACC vs ROIC
3.39%
3.07%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 70.59
RWT's Operating Margin % is ranked higher than
72% of the 708 Companies
in the Global REIT - Diversified industry.

( Industry Median: 48.70 vs. RWT: 70.59 )
Ranked among companies with meaningful Operating Margin % only.
RWT' s Operating Margin % Range Over the Past 10 Years
Min: 15.91  Med: 57.84 Max: 134.79
Current: 70.59
15.91
134.79
Net Margin % 66.40
RWT's Net Margin % is ranked higher than
71% of the 709 Companies
in the Global REIT - Diversified industry.

( Industry Median: 39.17 vs. RWT: 66.40 )
Ranked among companies with meaningful Net Margin % only.
RWT' s Net Margin % Range Over the Past 10 Years
Min: 17.89  Med: 57.16 Max: 133.24
Current: 66.4
17.89
133.24
ROE % 13.88
RWT's ROE % is ranked higher than
83% of the 713 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.49 vs. RWT: 13.88 )
Ranked among companies with meaningful ROE % only.
RWT' s ROE % Range Over the Past 10 Years
Min: -779.6  Med: 8.5 Max: 14.52
Current: 13.88
-779.6
14.52
ROA % 2.77
RWT's ROA % is ranked lower than
57% of the 718 Companies
in the Global REIT - Diversified industry.

( Industry Median: 3.19 vs. RWT: 2.77 )
Ranked among companies with meaningful ROA % only.
RWT' s ROA % Range Over the Past 10 Years
Min: -9.65  Med: 1.8 Max: 3.83
Current: 2.77
-9.65
3.83
3-Year Revenue Growth Rate -10.30
RWT's 3-Year Revenue Growth Rate is ranked lower than
88% of the 510 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.50 vs. RWT: -10.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
RWT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -26  Med: 11.05 Max: 41.6
Current: -10.3
-26
41.6
3-Year EBITDA Growth Rate -12.80
RWT's 3-Year EBITDA Growth Rate is ranked lower than
86% of the 468 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.60 vs. RWT: -12.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
RWT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -58.9  Med: 16.1 Max: 131.9
Current: -12.8
-58.9
131.9
3-Year EPS without NRI Growth Rate -7.40
RWT's 3-Year EPS without NRI Growth Rate is ranked lower than
70% of the 414 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.90 vs. RWT: -7.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
RWT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -51.6  Med: 22.65 Max: 108.4
Current: -7.4
-51.6
108.4
GuruFocus has detected 6 Warning Signs with Redwood Trust Inc $RWT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» RWT's 30-Y Financials

Financials (Next Earnings Date: 2017-08-04 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: REITs » REIT - Diversified    NAICS: 531110    SIC: 6798
Compare:NYSE:CYS, NYSE:HASI, NYSE:PMT, NYSE:GNL, OTCPK:ARESF, NYSE:LADR, OTCPK:GREEF, OTCPK:CROMF, NAS:MTGE, OTCPK:CMLEF, NYSE:STAR, NYSE:HIFR, NYSE:SNR, NYSE:IVR, OTCPK:PREUF, NAS:PCH, OTCPK:MGRUF, OTCPK:NIUWF, NYSE:ARI, NYSE:AHH » details
Traded in other countries:R2V.Germany,
Headquarter Location:USA
Redwood Trust Inc operates as a real estate investment trust. The company together with its subsidiaries is engaged in investing in mortgage- and other real estate-related assets and engaging in residential and commercial mortgage banking activities.

Redwood Trust is a real estate investment trust that focuses on residential mortgage loans and mortgage-backed securities. The company operates through three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. The investments in residential mortgage loans are generally made through a Sequoia securitisation entity or the sale of the loans to third parties. The mortgage-backed securities are mainly acquired by Redwood Trust from third parties or by the retainment of the securities issued by Sequoia securitisation trusts. The company also invests in other assets, securities, and instruments that are related to residential and commercial real estate.

Guru Investment Theses on Redwood Trust Inc

Weitz Funds Comments on Redwood Trust - Nov 11, 2016

Redwood Trust (NYSE:RWT) invests in mortgage-related and other real estate-related assets, and is engaged in residential and commercial mortgage banking activities. Redwood recently took meaningful steps to right- size its cost and business structure in light of market conditions. After a successful repositioning of the company’s mortgage-banking business and associated expense infrastructure, Redwood’s leaner and more nimble platform is well positioned to execute longer-term strategic initiatives intended to enhance growth opportunities and future earnings power. We believe Redwood Trust remains competitively advantaged as a residential mortgage credit investor and is well positioned to benefit from potential government-sponsored enterprise (GSE) reform and the eventual revitalization of private-label residential securitization. Trading under book value and generating a dividend yield of nearly 8%, the stock continues to represent a compelling investment value.





  • From Weitz Balanced Fund third quarter 2016 commentary.


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Wallace Weitz Comments on Redwood Trust - Apr 14, 2016

Redwood Trust (NYSE:RWT) ($13 per share) is a “value investor” in mortgages and mortgage securities. It has a culture of prudence, great skills in credit risk assessment and a focus on growth in per share value. The company has struggled to earn good returns in this period of suppressed interest rates yet has continued to pay the dividend that now provides approximately a 9% yield. It has recently made strategic moves that we think position it for more predictable growth going forward. The stock sells at a 14% discount to book value, and we believe it will sell at or above book value again. We think the ingredients are in place for double-digit annual returns over the next few years regardless of what happens to the S&P 500.


From Wallace Weitz (Trades, Portfolio)'s First Quarter Value Matters.

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Weitz Funds Comments on Redwood Trust - Feb 01, 2016

Redwood Trust (NYSE:RWT) invests in mortgage-related and other real estate-related assets and is engaged in residential and commercial mortgage banking activities. A volatile interest rate environment and increased competition in each of Redwood Trust’s business segments (residential and commercial mortgage banking) has resulted in lower than expected volumes and profitability through 2015. Despite difficult market conditions, the company has remained profitable in each of its business segments. Redwood Trust continues to enhance its competitive advantage across its platforms and remains well positioned to take advantage of potential government-sponsored enterprise reform, what we believe will be the eventual revitalization of private-label residential securitization and new commercial investment opportunities. We believe Redwood’s market valuation of less than book value overly discounts Redwood’s future earning capabilities. While we wait for the value to be realized, a dividend yield of nearly 8.5% should enhance future total return.



From Weitz Funds' Balanced Fund fourth quarter 2015 commentary.



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Weitz Funds Comments on Redwood Trust - Nov 06, 2015

Redwood Trust (NYSE:RWT) invests in mortgage-related and other real estate-related assets and is engaged in residential and commercial mortgage banking activities. A volatile interest rate environment and increased competition in each of Redwood Trust’s business segments (residential and commercial mortgage banking) has resulted in lower than expected volumes and profitability through the first three quarters of 2015. Despite difficult market conditions, the company has remained profitable in each of its business segments. Additionally, Redwood continues to enhance its competitive advantage across its platforms and remains well positioned to take advantage of potential government-sponsored enterprise reform, the eventual revitalization of private-label residential securitization and new commercial investment opportunities. In hindsight, the market may have been assigning an overly aggressive timeline to Redwood’s earnings progression. We believe, however, that the market valuation of less than book value now overly discounts Redwood’s future earnings capabilities. While we wait for that value to be realized, a dividend yield of nearly 8% should enhance future total return.

From Wallace Weitz (Trades, Portfolio)'s Balanced Fund commentary for third quarter 2015.

Check out Wallace Weitz latest stock trades

Top Ranked Articles about Redwood Trust Inc

Redwood Trust to Present at the 2017 KBW Mortgage Finance Conference
Redwood Trust Reports First Quarter 2017 Results
Redwood Trust Announces Timing For First Quarter 2017 Earnings Release And Earnings Call
Weitz Funds Comments on Redwood Trust Guru stock highlight
Redwood Trust (NYSE:RWT) invests in mortgage-related and other real estate-related assets, and is engaged in residential and commercial mortgage banking activities. Redwood recently took meaningful steps to right- size its cost and business structure in light of market conditions. After a successful repositioning of the company’s mortgage-banking business and associated expense infrastructure, Redwood’s leaner and more nimble platform is well positioned to execute longer-term strategic initiatives intended to enhance growth opportunities and future earnings power. We believe Redwood Trust remains competitively advantaged as a residential mortgage credit investor and is well positioned to benefit from potential government-sponsored enterprise (GSE) reform and the eventual revitalization of private-label residential securitization. Trading under book value and generating a dividend yield of nearly 8%, the stock continues to represent a compelling investment value. Read more...
Wallace Weitz's Best-Performing Stocks Guru's stocks with the highest return on his portfolio
Wallace Weitz (Trades, Portfolio) is portfolio manager of Weitz Value Fund, Weitz Hickory Fund and Weitz Partners Value Fund, which he started in 1983. He manages a portfolio composed of 63 stocks with a total value of $2.81 billion. During the first quarter of 2016, the guru increased several stakes, and the following are the ones with the highest performances. Read more...

Ratios

vs
industry
vs
history
PE Ratio 9.41
RWT's PE Ratio is ranked higher than
76% of the 626 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.25 vs. RWT: 9.41 )
Ranked among companies with meaningful PE Ratio only.
RWT' s PE Ratio Range Over the Past 10 Years
Min: 6.86  Med: 14.04 Max: 195.39
Current: 9.41
6.86
195.39
Forward PE Ratio 12.00
RWT's Forward PE Ratio is ranked higher than
87% of the 220 Companies
in the Global REIT - Diversified industry.

( Industry Median: 19.76 vs. RWT: 12.00 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 9.41
RWT's PE Ratio without NRI is ranked higher than
76% of the 622 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.53 vs. RWT: 9.41 )
Ranked among companies with meaningful PE Ratio without NRI only.
RWT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 6.86  Med: 14.04 Max: 195.39
Current: 9.41
6.86
195.39
Price-to-Owner-Earnings 9.67
RWT's Price-to-Owner-Earnings is ranked higher than
76% of the 290 Companies
in the Global REIT - Diversified industry.

( Industry Median: 16.90 vs. RWT: 9.67 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
RWT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 9.15  Med: 13.38 Max: 230.23
Current: 9.67
9.15
230.23
PB Ratio 1.12
RWT's PB Ratio is ranked higher than
50% of the 704 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.13 vs. RWT: 1.12 )
Ranked among companies with meaningful PB Ratio only.
RWT' s PB Ratio Range Over the Past 10 Years
Min: 0.65  Med: 1.2 Max: 8.48
Current: 1.12
0.65
8.48
PS Ratio 7.01
RWT's PS Ratio is ranked higher than
55% of the 671 Companies
in the Global REIT - Diversified industry.

( Industry Median: 7.69 vs. RWT: 7.01 )
Ranked among companies with meaningful PS Ratio only.
RWT' s PS Ratio Range Over the Past 10 Years
Min: 1.27  Med: 5.88 Max: 9.38
Current: 7.01
1.27
9.38
EV-to-EBIT 25.71
RWT's EV-to-EBIT is ranked lower than
60% of the 652 Companies
in the Global REIT - Diversified industry.

( Industry Median: 20.62 vs. RWT: 25.71 )
Ranked among companies with meaningful EV-to-EBIT only.
RWT' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.6  Med: 58.9 Max: 1032.2
Current: 25.71
14.6
1032.2
EV-to-EBITDA 25.53
RWT's EV-to-EBITDA is ranked lower than
80% of the 668 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.03 vs. RWT: 25.53 )
Ranked among companies with meaningful EV-to-EBITDA only.
RWT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.9  Med: 57.9 Max: 221.3
Current: 25.53
10.9
221.3
PEG Ratio 0.60
RWT's PEG Ratio is ranked higher than
78% of the 244 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.23 vs. RWT: 0.60 )
Ranked among companies with meaningful PEG Ratio only.
RWT' s PEG Ratio Range Over the Past 10 Years
Min: 0.22  Med: 1.07 Max: 37.94
Current: 0.6
0.22
37.94

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 6.62
RWT's Dividend Yield % is ranked higher than
73% of the 923 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.14 vs. RWT: 6.62 )
Ranked among companies with meaningful Dividend Yield % only.
RWT' s Dividend Yield % Range Over the Past 10 Years
Min: 4.32  Med: 6.92 Max: 28.59
Current: 6.62
4.32
28.59
Dividend Payout Ratio 0.62
RWT's Dividend Payout Ratio is ranked higher than
89% of the 734 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.85 vs. RWT: 0.62 )
Ranked among companies with meaningful Dividend Payout Ratio only.
RWT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.58  Med: 0.84 Max: 3.23
Current: 0.62
0.58
3.23
Forward Dividend Yield % 6.62
RWT's Forward Dividend Yield % is ranked higher than
74% of the 921 Companies
in the Global REIT - Diversified industry.

( Industry Median: 5.43 vs. RWT: 6.62 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 7.53
RWT's 5-Year Yield-on-Cost % is ranked higher than
68% of the 919 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.11 vs. RWT: 7.53 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
RWT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.91  Med: 7.87 Max: 32.51
Current: 7.53
4.91
32.51
3-Year Average Share Buyback Ratio 2.30
RWT's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 433 Companies
in the Global REIT - Diversified industry.

( Industry Median: -5.20 vs. RWT: 2.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
RWT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -308.3  Med: -11.1 Max: 14.9
Current: 2.3
-308.3
14.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.24
RWT's Price-to-Tangible-Book is ranked lower than
58% of the 696 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.14 vs. RWT: 1.24 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
RWT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.59  Med: 1.21 Max: 6.27
Current: 1.24
0.59
6.27
Price-to-Median-PS-Value 1.20
RWT's Price-to-Median-PS-Value is ranked lower than
67% of the 571 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.09 vs. RWT: 1.20 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
RWT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.4  Med: 0.97 Max: 5.5
Current: 1.2
0.4
5.5
Price-to-Graham-Number 0.72
RWT's Price-to-Graham-Number is ranked higher than
70% of the 555 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.94 vs. RWT: 0.72 )
Ranked among companies with meaningful Price-to-Graham-Number only.
RWT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51  Med: 0.77 Max: 6.34
Current: 0.72
0.51
6.34
Earnings Yield (Greenblatt) % 3.88
RWT's Earnings Yield (Greenblatt) % is ranked lower than
54% of the 725 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.45 vs. RWT: 3.88 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
RWT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 1.7 Max: 6.8
Current: 3.88
0.1
6.8
Forward Rate of Return (Yacktman) % -51.67
RWT's Forward Rate of Return (Yacktman) % is ranked lower than
97% of the 397 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.56 vs. RWT: -51.67 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
RWT' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -71.5  Med: 1.6 Max: 77.7
Current: -51.67
-71.5
77.7

More Statistics

Revenue (TTM) (Mil) $235.16
EPS (TTM) $ 1.80
Beta0.99
Short Percentage of Float3.18%
52-Week Range $13.20 - 17.43
Shares Outstanding (Mil)77.09

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 1.41 1.46
EPS without NRI ($) 1.41 1.46
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 1.12 1.12
» More Articles for RWT

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More From Other Websites
Redwood Trust, Inc. breached its 50 day moving average in a Bearish Manner : RWT-US : June 22, 2017 Jun 22 2017
Redwood Trust, Inc. : RWT-US: Dividend Analysis : June 16th, 2017 (record date) : By the numbers :... Jun 16 2017
Sequoia Mortgage Trust 2017-4 -- Moody's assigns provisional ratings to Prime RMBS issued by Sequoia... Jun 01 2017
Redwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : May 24, 2017 May 24 2017
Redwood Trust to Present at the 2017 KBW Mortgage Finance Conference May 22 2017
Redwood Trust Declares $0.28 Per Share Dividend For The Second Quarter Of 2017 May 18 2017
Is Redwood Trust, Inc. (RWT) a Great Stock for Value Investors? May 16 2017
Edited Transcript of RWT earnings conference call or presentation 4-May-17 9:00pm GMT May 11 2017
Redwood Trust, Inc. breached its 50 day moving average in a Bearish Manner : RWT-US : May 10, 2017 May 10 2017
Redwood Trust posts 1Q profit May 04 2017
Redwood Trust Reports First Quarter 2017 Results May 04 2017
Redwood Trust Announces Timing For First Quarter 2017 Earnings Release And Earnings Call Apr 27 2017
Redwood Trust, Inc. : RWT-US: Dividend Analysis : March 16th, 2017 (record date) : By the numbers :... Apr 05 2017
Sequoia Mortgage Trust 2017-3 -- Moody's assigns definitive ratings to Prime RMBS issued by Sequoia... Mar 27 2017
Redwood Trust, Inc. breached its 50 day moving average in a Bullish Manner : RWT-US : March 13, 2017 Mar 13 2017
Moody's assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-3 Mar 06 2017
Redwood Trust, Inc. :RWT-US: Earnings Analysis: 2016 By the Numbers : March 2, 2017 Mar 02 2017
Edited Transcript of RWT earnings conference call or presentation 23-Feb-17 10:00pm GMT Feb 23 2017

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