Shares of Redwood Trust RWT decreased in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share fell 6.67% year over year to $0.42, which beat the estimate of $0.34.
Revenue of $24,000,000 decreased by 46.67% year over year, which missed the estimate of $29,520,000.
Looking Ahead
Redwood Trust hasn't issued any earnings guidance for the time being.
Redwood Trust hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Feb 10, 2021
Time: 05:00 PM
ET Webcast URL: http://public.viavid.com/player/index.php?id=142808
Recent Stock Performance
Company's 52-week high was at $18.01
52-week low: $2.14
Price action over last quarter: Up 13.88%
Company Description
Redwood Trust Inc is a real estate investment trust that focuses on residential mortgage loans and mortgage-backed securities. The company operates through two segments: Mortgage Banking and Investment Portfolio. The investments in residential mortgage loans are generally made through a Sequoia securitization entity or the sale of the loans to third parties. The mortgage-backed securities are mainly acquired by Redwood Trust from third parties or by the retainment of the securities issued by Sequoia securitization trusts. The company also invests in other assets, securities, and instruments that are related to residential and commercial real estate.
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