Redwood Trust (RWT) to Release Earnings on Wednesday
Redwood Trust (NYSE:RWT) will release its earnings data on Wednesday, February 21st. Analysts expect Redwood Trust to post earnings of $0.35 per share for the quarter.
Redwood Trust (RWT) opened at $14.80 on Wednesday. The company has a market cap of $1,140.00, a P/E ratio of 10.72 and a beta of 0.79. The company has a debt-to-equity ratio of 2.91, a current ratio of 3.36 and a quick ratio of 3.36. Redwood Trust has a 52 week low of $14.29 and a 52 week high of $17.45.
In other Redwood Trust news, General Counsel Andrew P. Stone sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $14.87, for a total value of $74,350.00. Following the completion of the transaction, the general counsel now directly owns 53,015 shares in the company, valued at approximately $788,333.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.33% of the company’s stock.
About Redwood Trust
Redwood Trust, Inc, through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The Company is engaged in mortgage banking activities. The Company operates through three segments: Residential Investments, Residential Mortgage Banking and Commercial. The Residential Investments segment includes a portfolio of investments in residential mortgage-backed securities (RMBS) retained from its Sequoia securitizations.
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