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Summary U.S. equity markets posted broad-based gains after the closely-watched CPI inflation report showed signs of easing inflationary pressures, strengthening the case for the Fed to slow its pace of rate hikes. Pushing its year-to-date gains to above 4% following a dismal year of per...
Redwood Trust ( NYSE: RWT ) shares gained on Tuesday after the company priced an underwritten public offering of 2.6M shares of its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock to raise $65M in gross proceeds. The underwriters were granted a 30-day option...
Redwood Trust, Inc. (“Redwood”) (NYSE: RWT) today announced the pricing of an underwritten public offering of 2,600,000 shares of its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a liquidation preference o...
The past year has been downright awful for companies in the mortgage space. The majority of the blame lies with rising interest rates. Mortgage originators saw volumes collapse as rising rates removed the incentive for borrowers to refinance their homes. It also caused mortgage-backed securities ...
Summary U.S. equity markets retreated this week as investors positioned for the upcoming FOMC meeting while a chorus of analysts and executives expressed doubt on the likelihood of a "soft landing." Posting its worst week since mid-September, the S&P 500 slid 3.3% on the week - slum...
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors authorized the declaration of a fourth quarter 2022 regular common stock dividend of $0.23...
Summary Mortgage REITs - which were left for dead amid a historically brutal year across fixed-income markets - have rebounded in recent weeks as earnings results were not as catastrophic as feared. Mortgage REITs are now outperforming Equity REITs for the year, and we continue to...
Summary Redwood is a REIT that specializes in managing residential mortgage credit risk. The current stock price implies that Redwood will lose $750 million on its current $11 billion invested loans. That seems highly improbable for two reasons. First, its loans are well-under...
Summary U.S. equity markets extended a two-week rebound since hitting two-year lows earlier this month as a mixed slate of corporate earnings reports and lukewarm economic data revived "soft landing" hopes. Posting its strongest two-week advance since the initial COVID vaccine rol...
Redwood Trust ( NYSE: RWT ) stock rose ~4% on Friday after the company's Q3 results . Non-GAAP Earnings Available for Distribution (EAD) rose to $0.16, compared to -$0.11 in Q3 2021. Net interest income declined -16.67% Y/Y to $35M. "While volatilit...
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Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2024 results on August 1, 2024 prior to the opening of the New York Stock Exchange. In ad...
2024-07-04 08:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-24 10:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...