Gam CEO Jeffrey Priest buys $93,840 of preferred stock

Redwood Trust CEO Christopher Abate acquired 100,000 shares of Redwood Trust common stock on September 15, 2026, for a total of $383,900. This brings Abate's direct ownership of Redwood Trust common stock to 679,283 shares. The recent stock price is close to its 52-week low of $3.22, marking a 28% decline over the past six months.

Despite the drop, the stock is offering a high dividend yield of 18.27%, suggesting it may be undervalued. Redwood Trust has a long history of consistent dividend payments, with 32 years of consecutive dividends. In addition to the stock purchase, Abate received grants of Deferred Stock Units (DSUs) valued at $5.63, $6.64, and $7.79 per share.

These grants will vest over time, with no expiration date. Redwood Trust reported mixed results for the second quarter of 2026, with earnings per share at $0.25, slightly below forecasted $0.26, and revenue falling 40.4% short of expectations at $56 million. Analysts from UBS and Keefe, Bruyette & Woods have adjusted their price targets and ratings for Redwood Trust, citing concerns over the legacy portfolio and recent quarterly revenue miss.