STOCK TITAN

Two Harbors Investment Corp. - TWO STOCK NEWS

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.

Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $90.4 million for Q2 2022, equating to an annualized return on average common equity of (19.1)%. The book value per share decreased to $5.10, reflecting a (4.7)% return on book value. However, the firm declared a dividend of $0.17 per share and grew its RMBS portfolio by $3.4 billion, increasing the economic debt-to-equity ratio from 5.3x to 6.4x. The acquisition of RoundPoint Mortgage Servicing Corporation signals potential for enhancing its MSR strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
-
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) announced its subsidiary, Matrix Financial Services Corporation, will acquire RoundPoint Mortgage Servicing Corporation from Freedom Mortgage Corporation. The deal involves a preliminary purchase price based on RoundPoint's net book value plus a $10.5 million premium. This strategic acquisition is expected to generate around $20 million in incremental annual pre-tax earnings by enhancing self-servicing capabilities and expanding business opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
-
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) will release its financial results for the quarter ended June 30, 2022, after market close on August 3, 2022. The company will host a conference call on August 4, 2022, at 9:00 a.m. ET to discuss these results. Interested parties can access the conference call via the company's website and participate by calling in 10 minutes prior to the start time. A playback of the call will be available from August 4 to August 18, 2022. Two Harbors specializes in investing in residential mortgage-backed securities and mortgage servicing rights.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) declared a $0.17 dividend per share for Q2 2022, payable on July 29, 2022, to stockholders recorded by July 5, 2022.

Additionally, preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on July 27, 2022, to record holders by July 12, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.89%
Tags
dividends
-
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) has authorized the repurchase of up to five million shares of its preferred stock, including 8.125% Series A, 7.625% Series B, and 7.25% Series C Cumulative Redeemable Preferred Stocks. Repurchases will occur through open market or private transactions according to SEC rules, with no expiration date set. The specifics of each transaction will depend on market conditions.

The company emphasizes that forward-looking statements involve risks that may lead to actual results differing from expectations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.89%
Tags
buyback
-
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) has announced the log-in details for its 2022 Virtual Annual Meeting of Stockholders, scheduled for May 18, 2022, at 10:00 a.m. ET. Stockholders can attend via www.virtualshareholdermeeting.com/TWO2022 using a control number from their proxy materials. Eligible stockholders must be on record by March 22, 2022. A replay will be available for one year post-meeting.

Two Harbors specializes in residential mortgage-backed securities and is based in St. Louis Park, Minnesota.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $60.3 million for Q1 2022, reflecting a (12.2)% annualized return on average common equity. The book value per common share stands at $5.53, down (2.9)% from the previous quarter. Earnings Available for Distribution (EAD) were $61.7 million or $0.18 per share. The company declared a dividend of $0.17 per share. A total of $37.2 billion in unpaid principal balance was added through acquisitions, enhancing the MSR portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
-
Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) will release its financial results for Q1 2022 after market close on May 4, 2022. A conference call to discuss these results is scheduled for May 5, 2022, at 9:00 a.m. ET. This call will be accessible via the company's website, where a playback will be available from May 5 through May 19, 2022. Two Harbors, based in St. Louis Park, MN, specializes in investments involving residential mortgage-backed securities and mortgage servicing rights.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) has declared a first-quarter dividend of $0.17 per share for its common stock, payable on April 29, 2022, to stockholders of record by April 4, 2022. Additionally, preferred stock dividends were announced: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on April 27, 2022, to preferred stockholders of record by April 12, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
dividends
Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) announced that Bill Greenberg, President and CEO, will participate in the RBC Capital Markets Global Financial Institutions Conference from March 8-9, 2022. He will discuss the topic "Mortgage Finance: Opportunities Amid Fed Policy Shift" on March 8 at 10:40 a.m. ET. The panel discussion will be webcasted and available on the company's website for a year post-event. Two Harbors is a Maryland-based real estate investment trust focused on residential mortgage-backed securities and mortgage servicing rights.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
conferences

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
Link
United States of America
ST. LOUIS PARK