Redwood Trust, Inc. (RWT) Stock Price & Analysis
Redwood Trust, Inc. (RWT) closed at USD 3.12 on Thursday, October 22, 2026, up 3.65% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.01; the Oct 22, 2026 session ranged USD 2.98–3.19 on volume of 3,323,865 shares. Market capitalization is $391.91M, with a 52-week range of USD 2.88–6.97 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 12:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/RWT.md
Key facts (RWT)
- Valuation: P/E 68.6x (avg 16.0x at the last 1 fiscal year-ends).
- Analysts: Buy (mean 1.89 on a 1–5 scale) (9 analysts), mean target USD 5.09 (range 3.75–6.5).
- Total return with dividends: 1Y -36.0% vs S&P 500 +14.9%; 5Y -59.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.23, revenue estimate $36.8M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (RWT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $542M | — | $166M | — | — | — |
| Net income | $320M | -$164M | -$2.3M | $54.0M | -$70.0M | $5.7M |
| EPS (diluted) | $2.37 | -$1.43 | -$0.11 | $0.32 | -$0.63 | — |
| Net margin | 59.0% | — | -1.4% | — | — | — |
| Cash + short-term investments | $450M | $259M | $293M | $245M | $256M | — |
| Total debt | $3.82B | $3.76B | $3.24B | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (RWT)
P/E 68.6x · P/B 0.4x · Earnings yield 1.46% · Dividend yield (paid, TTM) 24.53% · Buyback yield (TTM) 11.59%
P/E at fiscal year-ends: Dec 2024 16.0x.
Analysts (RWT)
Consensus Buy (mean 1.89 on a 1–5 scale), 9 analysts; mean target USD 5.09 (low 3.75, high 6.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citizens | Target lowered | Market Outperform | $6 → $4 |
| 2026-10-09 | Piper Sandler | Target lowered | Neutral | $5.25 → $3.75 |
| 2026-10-07 | BTIG | Target lowered | Buy | $6 → $5 |
| 2026-09-14 | Keefe, Bruyette & Woods | Target lowered | Outperform | $5.5 → $4.75 |
| 2026-08-21 | UBS | Target lowered | Buy | $7 → $6.5 |
| 2026-07-29 | Wells Fargo | Target lowered | Equal-Weight | $7 → $6 |
| 2026-07-29 | Keefe, Bruyette & Woods | Target lowered | Outperform | $6 → $5.5 |
| 2026-07-28 | Jones Trading | Target lowered | Buy | $6.25 → $6 |
| 2026-07-28 | BTIG | Reiterated | Buy | $6 |
| 2026-07-17 | JP Morgan | Target lowered | Overweight | $6.5 → $6 |
| 2026-07-09 | Keefe, Bruyette & Woods | Upgrade | Market Perform → Outperform | $7 → $6 |
| 2026-07-08 | Citizens | Target lowered | Market Outperform | $7 → $6 |
Total return (dividends reinvested) (RWT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -36.0% | -59.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -36.1% | -16.7% |
| Volatility (annualized) | 42.6% | 36.8% |
| Max drawdown | -51.0% (Feb 2026→Oct 2026) | -61.2% (Nov 2021→Oct 2026) |
RWT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.23 | $0.25 | -9.9% | $36.8M | 5 |
| Next quarter (ends Dec 2026) | $0.22 | $0.24 | -7.5% | $38.2M | 4 |
| Current fiscal year (ends Dec 2026) | $0.99 | $0.97 | +2.2% | $141.5M | 5 |
| Next fiscal year (ends Dec 2027) | $1.01 | $1.04 | -3.2% | $158.3M | 5 |
RWT options: expected move
Options price a move of about ±16.0% (±$0.50) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±7.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 67.7% | ±16.0% |
| Jan 15, 2027 | 84 | 61.4% | ±24.0% |
| Apr 16, 2027 | 175 | 54.2% | ±29.6% |
30-day implied volatility 54.9% vs 57.2% realized over the last 30 trading days. Put/call ratio (volume) 0.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 12:26 UTC)
| Price | USD 3.12 |
|---|---|
| Change | ▲ 3.65% (up) |
| Previous Close | USD 3.01 |
| Open | USD 3 |
| Day Range | USD 2.98 – 3.19 |
| 52-Week Range | USD 2.88 – 6.97 |
| Volume | 3,323,865 shares |
| Market Cap | $391.91M |
| Exchange | NYQ |
Technical Analysis (RWT)
Nexqual's technical model rates RWT "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 12:26 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.68 (neutral) |
| vs SMA50 | Below (USD 3.93) |
| MACD | -0.27 (negative) |
Analyst Ratings (RWT)
Wall Street analysts rate RWT "Buy" based on 9 analysts, with a mean price target of USD 5.09 (range USD 3.75–6.5), per Nexqual as of October 23, 2026 at 12:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 5.09 |
| High Target | USD 6.5 |
| Low Target | USD 3.75 |
| Buy / Hold / Sell | 7 / 2 / 0 |
Earnings (RWT)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.23 |
| Revenue Estimate | $36.83M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.25 vs est 0.23 ▲ beat |
| 2026-03-31 | USD 0.26 vs est 0.22 ▲ beat |
| 2025-12-31 | USD 0.21 vs est 0.2 ▲ beat |
| 2025-09-30 | USD 0 vs est 0.17 ▼ miss |
Source: Nexqual, October 23, 2026 at 12:26 UTC.
Financials & Fundamentals (RWT)
| Total Revenue | $261.57M |
|---|---|
| Gross Margin | +80.88% |
| Operating Margin | +0.08% |
| Profit Margin | +2.19% |
| ROE | +0.57% |
| Debt / Equity | 29.4 |
| Current Ratio | 6.52 |
| Total Cash | $444.83M |
| Total Debt | $27.50B |
Source: Nexqual, October 23, 2026 at 12:26 UTC.
Financial Health Score (RWT)
Nexqual rates Redwood Trust, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 12:26 UTC.
| Growth | Critical — Revenue -19% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 81%, operating 0% (last 12 months) |
| Balance Sheet | Weak — $445M cash vs $27.5B debt |
| Cash Flow | Weak — Operating cash flow -$10.1B (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 1%, ROA 0.0% |
Ownership (RWT)
| Insider Ownership | +10.73% |
|---|---|
| Institutional Ownership | +87.61% |
| Shares Outstanding | 125.61M |
| Float | 111.96M |
| Short % of Float | +23.45% |
Source: Nexqual, October 23, 2026 at 12:26 UTC.
Leadership (RWT)
Redwood Trust, Inc. is led by Christopher J. Abate, CEO & Director, per Nexqual as of October 23, 2026 at 12:26 UTC.
| CEO & Director | Christopher J. Abate |
|---|---|
| President & Director | Dashiell I. Robinson |
| Executive VP & CFO | Brooke E. Carillo |
| Chief Technology Officer | Abhinav Asthana |
| President of Sequoia | Carlene A. Graham |
Major Backers & Investors (RWT)
Notable institutional backers of Redwood Trust, Inc. include Wellington Management, Invesco, Mirae Asset Global ETFs Holdings Ltd., according to Nexqual as of October 23, 2026 at 12:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 6.95% |
| Invesco | 2.66% |
| Mirae Asset Global ETFs Holdings Ltd. | 2.6% |
| Boston Partners | 1.86% |
| Charles Schwab Investment Management, Inc. | 1.63% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 1.48% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.15% |
| Vanguard Group | 6.85% |
| State Street | 4.15% |
| Geode Capital | 2.6% |
Source: Nexqual, October 23, 2026 at 12:26 UTC.
From Redwood Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Partnerships
- We have established joint ventures with two separate institutional investment managers, one to invest in residential investor bridge loans originated by CoreVest and another to invest in residential investor bridge and term loans originated by CoreVest.
Legal & Regulatory Risks (Item 1A, quoted)
- Our ability to execute or participate in future securitization transactions could be delayed, limited, or precluded by legislative and regulatory reforms applicable to asset-backed securities and the institutions that sponsor, service, rate, or otherwise participate in or contribute to the successful execution of a securitization transaction.
- Our past and future loan and HEI origination, investment, and securitization activities or other past and future business or operating activities or practices could expose us to litigation, which may adversely affect our business and financial results.
- Changes to the U.S. federal income tax laws could have an adverse impact on the U.S. housing market, mortgage finance markets, and our business.
- We may not be able to obtain or maintain the governmental licenses or registrations required to operate our business and we may fail to comply with various state and federal laws and regulations applicable to our business, which could harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| KREF | KKR Real Estate Finance Trust I | USD 5.72 | ▲ 4.38% |
| BRSP | BrightSpire Capital, Inc. | USD 3.65 | ▲ 0.83% |
| TRTX | TPG RE Finance Trust, Inc. | USD 6.22 | ▲ 6.32% |
| FBRT | Franklin BSP Realty Trust, Inc. | USD 6.25 | ▲ 3.82% |
| ABR | Arbor Realty Trust | USD 2.96 | ▲ 2.07% |
| IVR | INVESCO MORTGAGE CAPITAL INC | USD 5.52 | ▲ 1.85% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 12:26 UTC. This page is informational and not investment advice.
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