Welcome to our dedicated page for Two Harbors Investment news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Harbors Investment stock.
Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) headquartered in New York, NY. The company specializes in investing in and managing a diversified portfolio of residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSRs), and commercial real estate.
Two Harbors is externally managed by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. This external management arrangement provides the company access to a wealth of expertise and strategic guidance.
The company's investment portfolio is primarily focused on agency RMBS, which are securities backed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, and non-agency RMBS, which are privately issued and not guaranteed by the government. This balanced approach allows for diversification and risk management.
Revenue for Two Harbors is predominantly derived from interest income on its investments. Available-for-sale securities contribute significantly to this income, supplemented by residential mortgage loans held for investment within securitization trusts. This income model allows the company to maintain a steady revenue stream while managing the complexities of the real estate and mortgage markets.
Recent Achievements and Current Projects:
- Strategic acquisitions: Two Harbors has been actively acquiring additional RMBS and MSRs to strengthen its portfolio.
- Technological advancements: The company has implemented advanced analytics and technology to optimize investment strategies and risk management.
- Partnerships: Collaborations with key industry players to enhance market presence and investment capabilities.
With a commitment to delivering strong returns for its shareholders, Two Harbors Investment Corp. continues to adapt and evolve in the ever-changing landscape of the real estate investment market. For more information, visit www.twoharborsinvestment.com.
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Two Harbors Investment Corp. (TWO) reported a book value of $15.21 per common share and declared a fourth quarter common stock dividend of $0.45 per share, resulting in a 2.0% quarterly economic return on book value. The company generated Comprehensive Income of $38.9 million and Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share. TWO issued 7.0 million shares of common stock through an ATM offering program for total proceeds of $97.8 million, repurchased 221,806 shares of preferred stock, and settled $829.1 million unpaid principal balance (UPB) of MSR through flow-sale acquisitions. The company also closed the acquisition of RoundPoint Mortgage Servicing LLC, declared dividends of $1.95 per common share, and yielded a 2023 total economic return on book value of (3.2)%. In addition, TWO issued 17.1 million shares of common stock through both an underwritten common stock offering and ATM offering program, repurchased 735,624 shares of preferred stock, and settled $27.5 billion UPB of MSR through flow-sale acquisitions and bulk purchases. The company's President and CEO, Bill Greenberg, expressed pride in the achievements and strategic moves made to drive value for shareholders, emphasizing the company's well-positioned portfolio for the current and expected market environments.
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Two Harbors Investment Corp. (TWO) announced the tax treatment of the company’s common stock and preferred stock dividends declared in 2023. Stockholders should review their tax statements and consult with their tax advisors. The company reported no portion of its 2023 dividends as excess inclusion income and provided detailed information on the tax treatment of common and preferred distributions for 2023 and 2024.
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Two Harbors Investment Corp. (TWO), a real estate investment trust, will release financial results for the quarter ended December 31, 2023, on January 29, 2024. The company will host a conference call on January 30, 2024, to review the financial results. Two Harbors invests in residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Stockholders and interested individuals can find additional information on the company's website and the Securities and Exchange Commission's Internet site.
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Two Harbors Investment Corp. (NYSE: TWO) declared a dividend of $0.45 per share of common stock for the fourth quarter of 2023, along with preferred stock dividends. The company is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights, and other financial assets.
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Two Harbors Investment Corp. (NYSE: TWO) has launched new videos in their Conversations series on their website, covering topics of interest to investors in the REIT industry.
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Two Harbors Investment Corp. (NYSE: TWO) has completed the acquisition of RoundPoint Mortgage Servicing LLC. The company reported a book value of $15.36 per common share and declared a third quarter common stock dividend of $0.45 per share. They incurred a comprehensive loss of $56.8 million and generated Income Excluding Market-Driven Value Changes (IXM) of $0.51 per share. The acquisition of RoundPoint Mortgage Servicing is expected to be accretive to pre-tax earnings in 2024 by $25-30 million through additional revenues and cost savings achieved by vertically integrating self-servicing capabilities. They settled $472.2 million unpaid principal balance of MSR through flow-sale acquisitions.
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Two Harbors Investment Corp. to release financial results for Q3 2023
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Two Harbors Investment Corp. completes acquisition of RoundPoint Mortgage Servicing LLC, expects estimated incremental pre-tax earnings of $25-30 million in 2024 through additional revenues and cost savings, greater control over MSR portfolio, and long-term opportunities for expansion.
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Two Harbors Investment Corp. declares dividend of $0.45 per share for Q3 2023.
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Two Harbors Investment Corp. (NYSE: TWO) announced its financial results for Q2 2023. The company reported a book value of $16.39 per share and declared a second quarter common stock dividend of $0.45 per share, representing a 2.2% quarterly economic return on book value. They also repurchased shares of common and preferred stock. The CEO stated that the market's resolution of unknown variables led to lower volatility and positive performance in their portfolio. They settled $14.8 billion unpaid principal balance of MSR through acquisitions and saw strong demand for MSR packages.
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FAQ
What is the current stock price of Two Harbors Investment (TWO)?
The current stock price of Two Harbors Investment (TWO) is $11.87 as of December 20, 2024.
What is the market cap of Two Harbors Investment (TWO)?
The market cap of Two Harbors Investment (TWO) is approximately 1.2B.
What is Two Harbors Investment Corp.?
Two Harbors Investment Corp. is a real estate investment trust (REIT) specializing in RMBS, residential mortgage loans, MSRs, and commercial real estate.
Where is Two Harbors Investment Corp. headquartered?
Two Harbors Investment Corp. is headquartered in New York, NY.
How does Two Harbors Investment Corp. generate revenue?
The company generates revenue mainly through interest income from its investments in RMBS, residential mortgage loans, and other financial assets.
Who manages Two Harbors Investment Corp.?
Two Harbors is externally managed by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.
What are agency and non-agency RMBS?
Agency RMBS are securities backed by government-sponsored enterprises, while non-agency RMBS are privately issued and not government-guaranteed.
What recent achievements has Two Harbors made?
Recent achievements include strategic acquisitions of RMBS and MSRs, implementation of advanced analytics, and partnerships with industry players.
How can I get more information about Two Harbors Investment Corp.?
For more information, visit the company's website at www.twoharborsinvestment.com.
What are mortgage servicing rights (MSRs)?
MSRs are the rights to service a pool of mortgage loans, including collecting payments and managing escrow accounts.
Does Two Harbors focus solely on residential real estate?
While the primary focus is on residential mortgage-backed securities and loans, the company also invests in commercial real estate and other financial assets.
What is the core business strategy of Two Harbors?
The core business strategy is to invest in and manage a diversified portfolio of real estate-related assets to generate steady interest income and deliver strong returns to shareholders.
Two Harbors Investment Corp.
NYSE:TWO
TWO Rankings
TWO Stock Data
1.21B
102.88M
0.73%
68.02%
3.3%
REIT - Mortgage
Real Estate Investment Trusts
United States of America
ST. LOUIS PARK