REDWOOD TRUST REIT INC (RWT)
Financials · Mortgage REIT · NYSE
Redwood Trust is a specialty housing finance REIT that acquires and securitizes residential mortgage loans to provide liquidity and credit across the housing market.
What REDWOOD TRUST REIT INC does
Redwood Trust is a specialty finance company focused on housing credit. It operates by acquiring and investing in residential mortgage loans and other housing-related assets, funding these investments through a combination of asset-backed securitizations and other debt obligations. The company operates through distinct business segments, including residential mortgage banking (Sequoia) and residential investor mortgage banking (CoreVest).
Themes: housing finance, mortgage securitization, mortgage banking, real estate investment trust, residential credit
Fundamentals
- Price$4.80 as of 2026-08-21 close
- Market cap$603M as of 2026-08-21
- 1-year return-18.2% 2025-08-21 close $5.87 → 2026-08-21 close $4.80
- P/E105.15 as of 2026-08-24
- Net margin+0.4% as of 2026-08-24
- Gross margin+8.5% as of 2026-08-24
- ROE+0.6% as of 2026-08-24
- Debt / equity29.42 as of 2026-08-24
- Revenue growth (YoY)+28.5% as of 2026-08-24
- Beta1.52 as of 2026-08-24
- Last reported earnings2026-07-28 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +9.3%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How RWT compares in its sector
- price-to-earnings ratiotop 10% 525 covered Financials peers, as of 2026-08-24
- net profit marginbottom 25% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- gross marginbottom 10% 176 covered Financials peers, as of 2026-08-24
- return on equitybottom 25% 575 covered Financials peers, as of 2026-08-24
- indicated dividend yieldtop 10% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Not assessable from available data. RWT paid a dividend in FY2025, but coverage cannot be assessed from the available data (non_positive_net_income, non_positive_operating_cash_flow).
- Earnings payoutnot assessable earnings were not positive that year
- Free-cash-flow payoutnot assessable operating cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How REDWOOD TRUST REIT INC looks technically
REDWOOD TRUST REIT INC (RWT) is trading 11.6% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 67 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 51, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive). It made a new 20-day low about 12 trading days ago. It is 31.1% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 10% of the past ~6 months), which often precedes a bigger move. Trading volume is unusually light — only about 46% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 11.6% below its 200-day average, the long-term trend line — a long-term downtrend | -11.6% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $4.86 | $4.86 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $5.43 | $5.43 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 24 calendar days ago — the swings before that are what the structure reading is measured on | 24 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 4.435. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 67 trading days ago — a "death cross", a bearish long-term signal | 67 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 16.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 51, neither overbought (above 70) nor oversold (below 30) | 50.5 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($4.51 to $4.88) — its "stochastic" reading is 78 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 78.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $6.97 | $6.97 |
|---|---|---|
| From the 52-week high | it is 31.1% below its 52-week high (its highest price of the past year) | -31.1% |
| Above the 52-week low | it is 14.6% above its 52-week low (its lowest price of the past year) | +14.6% |
| Below the 52-week high | it is 31.1% below its highest point of the past year | 31.1% |
| Since a 20-day breakout | it made a new 20-day low about 12 trading days ago | 12 sessions |
| Since a 55-day breakout | it made a new 55-day low about 36 trading days ago | 36 sessions |
| All-time high | its highest closing price on record is $66.60 (set on 2007-02-07) | $66.60 |
| Given back of the 52-week move | over the past year its closes ranged ($4.48 to $6.68), and it has recovered only a small part of its fall from last year’s high — 15% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $5.84 to $5.91. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 14.6% |
| From the all-time high | it is 92.8% below its all-time high | -92.8% |
| Nearest price level | it is trading 3.9% below a resistance level at $4.99 — a price it turned at twice since 2025-11-18, most recently on 2026-06-30. Since 2024-08-21 it has 0 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +3.9% |
| All-time low | its lowest closing price on record is $2.14 (set on 2020-04-03) | $2.14 |
| Above the all-time low | it is 124.3% above its all-time low | +124.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 10% of the past ~6 months), which often precedes a bigger move | 10th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.1497 between its high and its low — about 3.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.1497 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $4.51 and $4.90 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $4.51 – $4.71 – $4.90 |
| Typical daily range (% of price) | its price moves about 3.1% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.1% |
| Stretch from the 200-day average | it is trading 4.2 daily ranges below its 200-day average price (11.6% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 4.2 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 46% of its 30-day average | 0.46× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|---|---|
| Since a bearish engulfing | 3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 3 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.6% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.6% |
|---|---|---|
| Gap filled | a 3.2% gap up opened on 2026-07-09 has been "filled" 17 sessions ago — price traded back through the level the gap left behind, and it took 14 sessions to close | 17 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.9 percentage points (the stock lost 4.6% while the market gained 2.3%) | -6.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 12.4 percentage points (the stock lost 9.3% while the market gained 3.1%) | -12.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 33.1 percentage points (the stock lost 22.1% while the market gained 11.1%) | -33.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 38.7 percentage points (the stock lost 18.2% while the market gained 20.5%) | -38.7% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 5.5% of the share price. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 9% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $5.29 — a volume-weighted average of daily closes over 158 sessions, not a true tick-by-tick VWAP. | -9.3% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-07-07 (its 8-K), so the typical buyer over that stretch is roughly break-even. That average is $4.79 — a volume-weighted average of daily closes over 34 sessions, not a true tick-by-tick VWAP. | +0.2% |
Price levels it has turned at before
RWT last closed at $4.80 on 2026-08-21. Since 2024-08-21 it has turned at 0 prices below its last close and 12 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $4.99 | Resistance | 3.9% above the last close | turned there twice · 2025-11-18 to 2026-06-30 |
| $5.18 | Resistance | 7.9% above the last close | turned there twice · 2026-03-24 to 2026-05-15 |
| $5.38 | Resistance | 12.1% above the last close | turned there 10 times · 2025-05-22 to 2026-07-16 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $4.43.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · lagging the market · Trading inside the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.88 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$5.84 range $5.25 – $6.50; median $6.00
Analyst estimates, as of 2026-08-24. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for RWT
- Consensus EPS estimate$0.2466 next reporting period, as of 2026-08-24
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Interest rate fluctuations and their impact on mortgage prepayment rates and valuation of assets.","Concentration risk and credit risk associated with residential consumer and investor loan portfolios.","Reliance on financial leverage and access to capital markets for funding securitization activities."]
What changed in the latest 10-Q
AI-assisted comparison of RWT's 10-Q filed 2026-05-07 against the prior one filed 2025-11-07.
Management's Discussion & Analysis (MD&A)
- Added:
- Page number '49' added at top of newer filing
- Reworded:
- Reference to Annual Report on Form 10-K fiscal year changed from 'December 31, 2024' (older, filed 2025-11-07) to 'December 31, 2025' (newer, filed 2026-05-07)
- Notes:
- Both texts are truncated at the end mid-sentence regarding 'ability to attract capital'; comparison limited to available text
- Minor spacing differences in page layout between filings do not constitute substantive changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for RWT — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
RWT had 8,108,915 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
RWT had 6.46% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.73 days to cover at the same settlement.
- Reported short interest (shares) 8,108,915
- Short interest (% of shares outstanding) 6.46%
- Prior settlement (shares) 7,052,078
- Reported change 14.99%
- Days to cover (reported) 3.73
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- PennyMac Mortgage Investment Trust (PMT)
- AGNC Investment Corp. (AGNC)
- Annaly Capital Management (NLY)
- Two Harbors Investment Corp. (TWO)
- Chimera Investment Corporation (CIM)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare RWT vs…
REDWOOD TRUST REIT INC is found in…
Frequently asked questions
What does REDWOOD TRUST REIT INC (RWT) do?
Redwood Trust is a specialty finance company focused on housing credit. It operates by acquiring and investing in residential mortgage loans and other housing-related assets, funding these investments through a combination of asset-backed securitizations and other debt obligations. The company operates through distinct business segments, including residential mortgage banking (Sequoia) and residential investor mortgage banking (CoreVest).
What sector is REDWOOD TRUST REIT INC (RWT) in?
REDWOOD TRUST REIT INC (RWT) is classified in the Financials sector. Its industry is Mortgage REIT. It trades on NYSE.
Does RWT pay a dividend?
Yes — REDWOOD TRUST REIT INC (RWT) pays a dividend, with an indicated yield of about 9.34% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are REDWOOD TRUST REIT INC's (RWT) competitors?
Notable peers of REDWOOD TRUST REIT INC (RWT) include PennyMac Mortgage Investment Trust, AGNC Investment Corp., Annaly Capital Management, Two Harbors Investment Corp. and Chimera Investment Corporation. This peer set is informational only — not financial advice.
Is REDWOOD TRUST REIT INC (RWT) overbought or oversold right now?
REDWOOD TRUST REIT INC (RWT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 51, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on RWT come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.