Two Harbors Investment

Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in St. Louis Park, MN.

Earnings data Q1 2021

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Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Two Harbors reports solid Q4 performance, eyes MSR strategy growth

Two Harbors demonstrated strong financial performance in Q4 2022 with robust returns and stable metrics.
The company is strategically positioned for 2023, focusing on RMBS and MSR strategies amidst market challenges.
Opportunities lie in potential MSR purchases, slower prepayment speeds, and managing liquidity effectively.
Addressing challenges like market volatility and loan recapture restrictions is crucial for sustained growth.

Two Harbors Investment navigates market challenges, eyes spread tightening

Two Harbors Investment's Q1 2023 earnings call highlighted a mixed performance with a focus on managing interest rate volatility and optimizing portfolio returns. The company faces challenges from market uncertainties and excess supply in mortgage-backed securities but sees opportunities in potential spread tightening and strategic dividend policy decisions.

Two Harbors reports resilient Q2 performance amidst market challenges

Two Harbors reported solid financial performance with a focus on generating positive returns in a challenging market environment. The company's strengths lie in its strategic investments in RMBS and MSR assets, as well as the progress of the RoundPoint acquisition. Challenges include managing tail risks and addressing investor concerns about spreads and leverage positioning. Opportunities for growth exist in subservicing and informative investor engagement through video content.

Two Harbors reports Q3 loss, acquires RoundPoint for growth

Two Harbors Investment Corp. faced challenges from market conditions but strategically acquired RoundPoint Mortgage Servicing for growth.
Effective hedging strategies and focus on capital allocation demonstrate proactive risk management and investment optimization.
Opportunities exist in leveraging the RoundPoint acquisition, exploring structured finance markets, and enhancing portfolio performance.

Two Harbors Investment Corp reports positive Q4 performance and growth opportunities

Two Harbors Investment Corp navigated market challenges with a focus on strategic acquisitions and revenue optimization.
Executives addressed key inquiries on performance drivers, recapture strategies, and portfolio management.
The company's proactive approach to market dynamics positions it for growth and stability in the upcoming quarters.

Two Harbors Investment (TWO) reports strong Q1 performance and MSR market activity

Two Harbors Investment (TWO) delivered a solid performance in Q1 2024, driven by positive economic returns and strong RMBS performance. Despite challenges from higher interest rates, the company's operations and portfolio management remained robust. Opportunities exist in the active MSR market and potential market volatility.

Two Harbors maintains stable performance amidst market volatility and transitions

Two Harbors' Q2 2024 performance remained stable with a focus on risk management and operational efficiency.
Despite market volatility, the company showcased resilience in its MSR portfolio and financial results.
Challenges include market uncertainty and leadership transition, while opportunities exist in growth strategies and optimizing returns.
Investors can consider Two Harbors for its consistent performance, strategic initiatives, and potential for returns in a dynamic market.

Two Harbors Investment rebrands to focus on MSR strategy

Two Harbors Investment (TWO) showcased a solid performance with a focus on MSR as a core investment strategy, aiming for attractive returns.
Despite challenges from market volatility and interest rate shifts, TWO's leadership team demonstrated a strong understanding of the company's strategy.
The company's acquisition of RoundPoint and emphasis on cost savings and improving MSR asset economics position TWO for future growth.
Analysts raised questions about key metrics, indicating areas for TWO to address for sustained performance and shareholder value.

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Two Harbors Investment Corp. is a real estate investment trust, which invests in finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in St. Louis Park, MN.

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Second Quarter 2023 Common and Preferred Stock Dividends.

Two Harbors Investment Corp. Announces Second Quarter 2023 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Details Pertaining to the 2023 Virtual Annual Meeting of Stockholders.

Two Harbors Investment Corp. Announces Details Pertaining to the 2023 Virtual Annual Meeting of Stockholders

Annaly Capital

The first company is off to a dreadful start to the year. Prices were finally wrecked hard enough to be slightly attractive for speculative positions. We also have a few alternatives for investors looking to get a higher yield without so much damage.

A High Yield Disaster

Increased interest rate volatility hurt Two Harbors in the first quarter. The company didn't earn enough to cover the dividend.

Two Harbors Reports Another Decline In Book Value. Is the Dividend Safe?

Two Harbors Investment Corp. (NYSE:TWO ) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Maggie Karr - Head, IR Bill Greenberg - President & CEO Mary Riskey - CFO Nick Letica - Chief Investment Officer Conference Call Participants Doug Harter - Credit Suisse Kenneth Lee - RBC Capital Markets Bose George - KBW Trevor Cranston - JMP Securities Arren Cyganovich - Citi Eric Hagen - BTIG Rick Shane - JPMorgan Operator Good morning. My name is Diego and I will be your conference facilitator.

Two Harbors Investment Corp. (TWO) Q1 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Reports First Quarter 2023 Financial Results.

Two Harbors Investment Corp. Reports First Quarter 2023 Financial Results

Two Harbors Investment Corp. (NYSE: TWO), an Agency RMBS + MSR real estate investment trust, announced today that it will release financial results for the quarter ended March 31, 2023 after market close on May 1, 2023. The company will host a conference call to review the financial results on May 2, 2023 at 9:00 a.m. ET.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for First Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.60 per share of common stock for the first quarter of 2023. The first quarter dividend is payable on April 28, 2023 to common stockholders of record at the close of business on April 4, 2023.

Two Harbors Investment Corp. Announces First Quarter 2023 Common and Preferred Stock Dividends and Company Update

With the Fed posturing more hawkish about interest rates, investors may do well to go on offense and improve their portfolio yields. Pricing inversions in preferred shares can present arbitrage opportunities.

Two Harbors Preferreds: An Arbitrage Opportunity

Book value per share for this mortgage REIT rebounded in the fourth quarter, but is the dividend covered?

Servicing Drives Two Harbors Investment, But Risks Remain

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Two Harbors recently cut its quarterly cash dividend payout by 12% with its yield now at 14.2%. A further near-term cut to the payouts is likely with the mREIT's earnings and book value to face headwinds this year.

Two Harbors: Two Yields

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp.

Two Harbors Investment Corp. Announces 2023 Annual Meeting of Stockholders

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External economic factors are making Two Harbors Investment Corp.'s position quite challenging in 2023, and the book value per share is likely to decline further. Futures markets initially predicted that the U.S. Federal Reserve would cut interest rates twice before the end of 2023, but there might be no rate cuts at all in 2023.

Two Harbors: The Book Value Is Still The Issue

Two Harbors Investment Corp. (NYSE:TWO ) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President and Chief Executive Officer Nick Letica - Chief Investment Officer Mary Riskey - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Kenneth Lee - RBC Capital Markets Bose George - KBW Rick Shane - JPMorgan Eric Hagen - BTIG Operator Good morning. My name is Sherry and I will be your conference facilitator.

Two Harbors Investment Corp. (TWO) Q4 2022 Earnings Call Transcript

Two Harbors Investment Corp. Reports Fourth Quarter 2022 Financial Results

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that it has priced a public offering of 10,000,000 shares of its common stock for a total expected gross proceeds of $178,000,000, before underwriting fees and estimated offering expenses. In connection with the offering, the Company has also granted the underwriters an option for 30 days to purchase up to an additional 1,500,000 shares of common stock. The offering is subject to customary conditions and is expected to close on or about February 6, 2023.

Two Harbors Investment Corp. Announces Pricing of Public Offering of Common Stock

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that it has commenced an underwritten public offering of 10,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The Company intends to use the net proceeds from the offering to purchase its target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets, in each case subject to its investment guidelines and to the extent consistent with maintaining its real estate investment trust qualification, and for general corporate purposes.

Two Harbors Investment Corp. Announces Public Offering of Common Stock

Two Harbors Investments (TWO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Two Harbors Investments (TWO) Upgraded to Strong Buy: What Does It Mean for the Stock?

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today the tax treatment of the company's common stock and preferred stock dividends declared in 2022. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Two Harbors. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Two Harbors Investment Corp. Announces 2022 Dividend Tax Information

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced preliminary estimated financial results for the quarter ended December 31, 2022.

Two Harbors Investment Corp. Announces Preliminary Financial Results for Fourth Quarter 2022

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended December 31, 2022 after market close on February 8, 2023. The company will host a conference call to review the financial results on February 9, 2023 at 9:00 a.m. ET.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Fourth Quarter 2022 Financial Results

First, I revisit my last pairs trade (swap) article from 5 weeks ago, buying Cherry Hill Preferred “A” and Selling Armour Residential Preferred “C”, which had a 150% annualized return. Next, I cover what I believe is another very good swap opportunity, selling AGNC and Annaly preferred stocks and buying Two Harbors preferred stocks.

Sell Annaly And AGNC Preferred Stocks And Buy Two Harbors Preferred Stocks

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.60 per share of common stock for the fourth quarter of 2022. The fourth quarter dividend is payable on January 27, 2023 to common stockholders of record at the close of business on January 5, 2023.

News for Two Harbors Investment Stock (TWO)