With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.77 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $7.605 whereas the lowest price it dropped to was $7.48. The 52-week range on RWT shows that it touched its highest point at $8.15 and its lowest point at $5.45 during that stretch. It currently has a 1-year price target of $8.40. With its current market cap of 1.00 billion, RWT has annualized dividend of $0.65 while the current yield stands at 8.55%. Beta for the stock currently stands at 1.63.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RWT was down-trending over the past week, with a drop of -0.78%, but this was down by -1.68% over a month. Three-month performance surged to 2.70% while six-month performance rose 34.04%. The stock gained 12.93% in the past year, while it has gained 2.56% so far this year. A look at the trailing 12-month EPS for RWT yields 0.16 with Next year EPS estimates of 0.80. For the next quarter, that number is 0.19. This implies an EPS growth rate of 684.60% for this year and 24.47% for next year.
Float and Shares Shorts:
At present, 131.49 million RWT shares are outstanding with a float of 130.60 million shares on hand for trading. On 2024-09-30, short shares totaled 5.24 million, which was 396.00000000000006 higher than short shares on 1724976000. In addition to Mr. Christopher J. Abate CPA as the firm’s CEO & Director, Mr. Dashiell I. Robinson serves as its President & Director.
Institutional Ownership:
Through their ownership of 0.81362 of RWT’s outstanding shares, institutional investors have minority control over the company.
