With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $7.3 whereas the lowest price it dropped to was $7.13. 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 $8.35. With its current market cap of 949.31 million, RWT has annualized dividend of $0.65 while the current yield stands at 9.05%. RWT paid its most recent dividend on 1727049600, while the ex-dividend date for that was 1727049600. Beta for the stock currently stands at 1.62.
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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 -1.91%, but this was down by -4.90% over a month. Three-month performance surged to 1.70% while six-month performance rose 11.15%. The stock gained 7.65% in the past year, while it has lost -3.10% so far this year. A look at the trailing 12-month EPS for RWT yields 0.54 with Next year EPS estimates of 0.78. For the next quarter, that number is 0.16. This implies an EPS growth rate of 615.42% for this year and 37.29% 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 2024-10-15, short shares totaled 4.64 million, which was 350.99998 higher than short shares on 1726185600. 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 0.79016995 of RWT’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RWT since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RWT analysts setting a high price target of 9.5 and a low target of 8.0, the average target price over the next 12 months is 8.45. Based on these targets, RWT could surge 32.31% to reach the target high and rise by 11.42% to reach the target low. Reaching the average price target will result in a growth of 17.69% from current levels.
Analysts have provided yearly estimates in a range of $0.62378 being high and $0.52152 being low. For RWT, this leads to a yearly average estimate of $0.57265. The surprise factor in the prior quarter was $0.13. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.19.
