Redwood Trust, Inc. (RWT)
After hours:
| Previous close | 7.25 |
| Open | 7.22 |
| Bid | 7.10 x 1800 |
| Ask | 7.33 x 2900 |
| Day's range | 7.19 - 7.28 |
| 52-week range | 5.47 - 8.72 |
| Volume | |
| Avg. volume | 1,270,606 |
| Market cap | 822.492M |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.81 |
| Earnings date | 25 Oct 2023 - 30 Oct 2023 |
| Forward dividend & yield | 0.64 (9.00%) |
| Ex-dividend date | 21 Sept 2023 |
| 1y target est | 8.64 |
ZacksRedwood Trust (RWT) Launches Home Equity Investment Platform
Redwood Trust's (RWT) in-house home equity investment origination platform, Aspire, underlines the company's efforts to bring innovative solutions to the non-Agency housing market.
Business WireRedwood Trust Announces Launch of Home Equity Investment Platform
MILL VALLEY, Calif., September 06, 2023--Redwood Trust, Inc. (NYSE: RWT) ("Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today formally announced the launch of Aspire, its in-house home equity investment ("HEI") origination platform. HEI provides consumers access to their home equity with no additional monthly payment obligations.
Motley FoolHere's How Redwood Trust Can Afford Its 8% Dividend Yield
The past 18 months have been miserable for companies in the mortgage business. Mortgage originators have seen origination volumes collapse as the Federal Reserve began its policy of raising interest rates to defeat inflation. Mortgage real estate investment trusts (REITs) have seen their assets decline in value.
