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RWT Redwood Trust

Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served by government programs. The Compoany delivers customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and its publicly-traded shares. Its consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. Redwood Trust goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. Since going public in 1994, Redwood Trust has managed its business through several cycles, built a track record of innovation, and a best-in-class reputation for service and a common-sense approach to credit investing. Redwood Trust is internally managed and structured as a real estate investment trust ('REIT') for tax purposes.

RWT stock data

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Calendar

25 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 544.45M 544.45M 544.45M 544.45M 544.45M 544.45M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 48.78M 109.85M 42.12M
Cash used (since last report) n/a n/a n/a 168.62M 379.67M 145.59M
Cash remaining n/a n/a n/a 375.83M 164.78M 398.86M
Runway (months of cash) n/a n/a n/a 7.7 1.5 9.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Kubicek Greg H Deferred Stock Units Common Stock Grant Aquire A No No 10.46 6,973.47 72.94K 6,973.47
31 Mar 21 George W Madison Deferred Stock Units Common Stock Grant Aquire A No No 10.46 2,891.26 30.24K 2,891.26
31 Mar 21 Georganne Proctor Deferred Stock Units Common Stock Grant Aquire A No No 10.46 1,261.24 13.19K 1,261.24
31 Mar 21 Pero Jeffrey T Deferred Stock Units Common Stock Grant Aquire A No No 10.46 460.83 4.82K 460.83

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 207 179 +15.6%
Opened positions 46 23 +100.0%
Closed positions 18 37 -51.4%
Increased positions 57 66 -13.6%
Reduced positions 66 47 +40.4%
13F shares
Current Prev Q Change
Total value 751.65M 646.34M +16.3%
Total shares 84.09M 85.95M -2.2%
Total puts 2.6M 2.09M +24.5%
Total calls 688.8K 1.62M -57.6%
Total put/call ratio 3.8 1.3 +193.7%
Largest owners
Shares Value Change
BLK Blackrock 19.8M $173.88M -0.1%
Vanguard 11.42M $100.28M +2.8%
STT State Street 5.44M $47.73M -3.4%
FMR 3.16M $27.78M -12.1%
Capital World Investors 2.56M $22.49M 0.0%
Amundi Pioneer Asset Management 2.28M $20.04M -20.8%
Adage Capital Partners GP, L.L.C. 1.95M $17.12M +25.9%
BK Bank Of New York Mellon 1.89M $16.61M -29.2%
Geode Capital Management 1.69M $14.81M +0.1%
Peregrine Capital Management 1.56M $13.71M NEW
Largest transactions
Shares Bought/sold Change
GS Goldman Sachs 236.59K -4.4M -94.9%
MS Morgan Stanley 1.07M -2M -65.2%
Peregrine Capital Management 1.56M +1.56M NEW
Norges Bank 1.45M +1.45M NEW
Nuveen Asset Management 706.44K -1.24M -63.7%
Weitz Investment Management 568.85K -1.21M -68.0%
Balyasny Asset Management 888.74K +888.74K NEW
BK Bank Of New York Mellon 1.89M -780.39K -29.2%
Mesirow Financial Investment Management - Equity Management 753.68K +753.68K NEW
Cannell Peter B & Co 656.88K +656.88K NEW

Financial report summary

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Management Discussion
  • We entered 2020 building on the strong momentum gained during 2019. Record monthly loan volumes in January and February and a sense of optimism quickly shifted as the spread of the novel coronavirus accelerated into a global pandemic in mid-March, creating significant dislocations in the financial markets and resulting in one of the fastest market declines in history. Despite the overall strong credit quality and underlying performance of our residential and business purpose loan assets, uncertainty related to the pandemic and its impact on the economy triggered a collapse in liquidity for any sector not explicitly supported by the federal government, and during the first quarter our balance sheet sustained heavy realized and unrealized losses, ultimately driving net a loss and a reduction in our book value for the full year of 2020.
Content analysis
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H.S. junior Avg
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