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.
Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $194.6 million for Q2 2021, equating to an annualized return on equity of (40.7)%. The book value per share decreased to $6.42, reflecting a (9.6)% quarterly return. Despite challenges in the RMBS sector, core earnings reached $51.5 million or $0.19 per share, supported by a declared dividend of $0.17. Following an underwritten offering that raised $256.5 million, the total portfolio size decreased to $17.1 billion, with significant growth in the mortgage servicing rights (MSR) portfolio.
Two Harbors Investment Corp. (NYSE: TWO) will announce its financial results for Q2 2021 on August 4, 2021, post-market close. A conference call is scheduled for August 5, 2021, at 9:00 a.m. ET to discuss these results. Interested participants can join the call by calling (877) 502-7185, or listen live online through the company’s investor website. A playback of the call will be available from August 5 through August 19, 2021. Two Harbors, based in Minnetonka, MN, specializes in investments in residential mortgage-backed securities and other related assets.
Two Harbors Investment Corp (NYSE: TWO) has announced a public offering of 40,000,000 shares of its common stock, targeting total gross proceeds of approximately $260 million, excluding underwriting fees. The underwriters have a 30-day option to purchase an additional 6,000,000 shares. The offering is expected to close around July 15, 2021. Proceeds will be used for acquiring residential mortgage-backed securities, mortgage servicing rights, and for general corporate purposes, ensuring adherence to REIT qualification requirements.
Two Harbors Investment Corp (NYSE: TWO) has initiated a public offering of 40 million shares of common stock, with an option for underwriters to purchase an additional 6 million shares. Proceeds from the offering are intended for acquiring assets such as residential mortgage-backed securities and mortgage servicing rights, aligning with the company's investment guidelines. Goldman Sachs & Co. LLC and J.P. Morgan are the joint book-running managers for the offering, built upon a previously filed shelf registration statement.
Two Harbors Investment Corp. (NYSE: TWO) appoints William Greenberg as Chief Investment Officer, in addition to his roles as President and CEO. This change follows the separation agreement with Matthew Koeppen, who has stepped down from the CIO position. Greenberg, who has over 25 years of experience in structured finance, previously served as Co-Chief Investment Officer and holds degrees from MIT and the University of Washington. This leadership change may provide a unified direction in investment strategies for the company, optimizing its portfolio management.
Two Harbors Investment Corp (NYSE: TWO) announced its inclusion in the S&P SmallCap 600 index, effective June 22, 2021. This index measures small-cap stocks in the U.S. and is curated based on various factors, including financial performance and market capitalization. The inclusion is expected to enhance the visibility and appeal of Two Harbors to investors. This announcement is particularly significant as it underscores the company's growth and stability within the real estate investment trust sector.
Two Harbors Investment Corp (NYSE: TWO) has declared a $0.17 per share dividend for the second quarter of 2021, payable on July 29, 2021. Common stockholders must be on record by June 29, 2021. Additionally, preferred stock dividends were announced: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C. The preferred dividends will be payable on July 27, 2021 to holders on record by July 12, 2021.
Two Harbors Investment Corp (NYSE: TWO) announced the log-in details for its 2021 Virtual Annual Meeting of Stockholders, scheduled for May 19, 2021, at 10 a.m. EDT. Stockholders as of March 26, 2021, can vote and submit questions using a provided control number. It is recommended to log in 15 minutes prior to the meeting start time. A replay will be available for one year following the meeting. For more information, stockholders can access the company's website and the SEC's site.
Two Harbors Investment Corp. (NYSE: TWO) reported its Q1 2021 financial results with a book value of $7.29 per share, reflecting a (2.2)% quarterly return.
The company saw a comprehensive income loss of $(48.5) million and generated core earnings of $45.8 million, or $0.17 per share. A dividend of $0.17 was declared.
Significantly, $21.3 billion in mortgage servicing rights (MSR) was settled and further expansion of funding capability was achieved through a $300 million MSR financing facility.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q1 2021 on May 5, 2021, after market close. A conference call to review these results is scheduled for May 6, 2021, at 9:00 a.m. EDT. Participants can join the call by calling toll-free (800) 263-0877 and using Conference Code 5273239. The call will also be available for live streaming on their website. A playback of the call will be accessible from May 6, 2021, to June 5, 2021.
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