RWT · Redwood Trust Inc
$4.75
-0.08 (-1.66%)
At close · Aug 20
Market Cap
$593.52M
Shares
125.61M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$4.75
Open$4.75
Day$4.71–4.81
52W close$4.48–6.68
Avg vol 30d1.9M
Short int8.1M · 6.5% float · 3.7d
Short vol70%
Last earningsJul 28, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 5
Up next
Next earnings call
Oct 27, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Bearish
Fundamentals
Weak
Quant / Vol
Moderate
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−12%
below
Price vs 50-day avg
−2%
below
RSI (14)
48
neutral
MACD trend
Positive
52-week position
12%
near low
Momentum
relative strength
1-month return
−3%
trailing
6-month return
−21%
trailing
YTD return
−14%
this year
Relative strength
−33%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $5 › 200d $5 — 200d above 50d
Institutional flow
Distributing
-5% holders QoQ · +34 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
6.46% of float · ▲ +15.0% MoM · 3.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
228 holders — mid 3-yr range
Squeeze score
56
elevated · 0–100
Fundamentals
EPS growth
−297%
Y/Y
Buyback
$111.0M
remaining
Balance sheet
$3.0B
net debt
Quant / Vol
risk profile
Volatility
38%
annualized · 1-yr
Max drawdown
−33%
past year
ATR
3.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Prior guidance
period ended
· from the 8-K filed Jul 7, 2026
GAAP book value decline
· second quarter of 2026 (at June 30, 2026 from end of first quart
1% – 3%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−12%
Bearish
Price vs 50-day avg
−2%
Neutral
RSI (14)
48
Neutral
MACD trend
Positive
Bullish
52-week position
12%
Bearish
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $5 › 200d $5 — 200d above 50d
Institutional flow
Distributing
-5% holders QoQ · +34 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
6.46% of float · ▲ +15.0% MoM · 3.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
228 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $4
Now $5 · 12%
Range high $7
vs 200-day avg -12%
vs 50-day avg -2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Annualized time savings from AI-enabled automation initiatives | 23,600 | Q2 2026 | — |
| Aspire correspondent network loan sellers | 150 | Q2'26 | — |
| Aspire Gain on sale margins | 101 | Q2 2026 | — |
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| Aspire Lock volume | $2.1B | Q2 2026 | — |
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| Capital invested | $904M | Q2 2026 | — |
| Core Segments EAD ROE (Non-GAAP) (annualized) non-GAAP | 18.5% | Q2 2026 | — |
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| CoreVest Mortgage Banking funded loans | $410M | Q2 2026 | — |
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| Direct operating expenses as a percentage of volume | 64 | first half 2026 | — |
| Distinct loan sellers | 187 | Q2 2026 | — |
| EAD ROE (Non-GAAP) (annualized) non-GAAP | 9.6% | Q2 2026 | — |
| Economic Return on Book Value | -0.6% | Q2 2026 | — |
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| Joint venture dedicated strategic capital | 1.2B | Q2 2026 | — |
| Mortgage Banking production | $8B | Q2 2026 | — |
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| Non-GAAP Core Segments Earnings Available for Distribution ("Core Segments EAD") non-GAAP | $34M | Q2 2026 | — |
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| Non-GAAP Core Segments Earnings Available for Distribution ("Core Segments EAD") per basic commo non-GAAP | $0.25 | Q2 2026 | — |
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| Non-GAAP Earnings Available for Distribution ("EAD") non-GAAP | $20.3M | Q2 2026 | — |
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| Non-GAAP Earnings Available for Distribution ("EAD") per basic common share non-GAAP | $0.15 | Q2 2026 | — |
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| Retained MSRs as a percentage of assets | 7% | Q2 2026 | — |
| ROE (annualized) | -1.3% | Q2 2026 | — |
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| Sequoia cost per loan | 17 | Q2 2026 | — |
| Sequoia lock volume | $5.6B | Q2 2026 | — |
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| Sequoia new mortgage products as a percentage of quarterly lock volume | 30% | Q2 2026 | — |
| Total excess warehouse financing capacity | $3.7B | Q2 2026 | — |
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| Total Expense as % of Volume | 0.64% | H1'26 | — |
| Total Recourse Leverage | 4.5B | Q2'26 | — |
| aggregate volumes | 8B | second quarter 2026 | — |
| excess available asset funding capacity | 3.5B | Q2 2026 | — |
| CoreVest Mortgage Banking Non-GAAP EAD non-GAAP | $1.8M | Q1 2026 | — |
| Legacy Investments recourse leverage ratio | 1.6 | Q1 2026 | — |
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| Legacy Investments segment capital allocation | 15% | Q1 2026 | — |
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| Redwood Investments recourse leverage ratio | 1.1 | Q1 2026 | — |
| Sequoia Gain on sale margin | 96 | Q1 2026 | — |
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| Combined Mortgage Banking volume | 23B | Full Year 2025 | — |
| Common stock repurchased | 9.2M | Full Year 2025 | — |
| Common stock repurchased (Q4) | 2.7M | Fourth Quarter 2025 | — |
| Legacy Bridge unpaid principal balance | $272M | Fourth Quarter 2025 | — |
| Total operating cost per loan improvement | 44% | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RWT
this stock
Redwood Trust Inc
|
$593.52M | -14.1% | — | — | 6.5% |
|
NLY
Annaly Capital Management Inc
|
$17.89B | +4.2% | — | — | 2.8% |
|
AGNC
AGNC Investment Corp.
|
$12.95B | +1.9% | — | — | 8.4% |
|
STWD
Starwood Property Trust, Inc.
|
$6.11B | -8.9% | -5.3% | — | 4.9% |
|
RITM
Rithm Capital Corp.
|
$5.67B | -6.8% | -6.7% | 16.9 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RWT | -0.4% | -3.1% | -21.5% | +3.9% | -14.1% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +1.5% | -6.4% | -32.7% | +1.9% | -25.9% |
Capital returns
Latest dividend
$0.18
/ share · ex Jun 23, 2026
Paid (TTM)
$0.72
/ share · 4 payouts
Dividend yield (TTM, derived)
15.16%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$195.00M
Spent (derived)
$84.00M
Remaining
$111.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
930236
CUSIP
758075402
13F (30d)
210 filings
203 filers
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