Two Hbrs Invt Corp Stock Price, News & Analysis

Two Harbors Investment Corp. (NYSE: TWO) reported its financial results for Q4 2022, showcasing a book value of $17.72 per share and a declared dividend of $0.60, resulting in an 11.6% quarterly economic return. The company generated comprehensive income of $160.2 million, equating to $1.85 per share. Additionally, earnings available for distribution were $22.2 million ($0.26 per share). The acquisition of RoundPoint Mortgage Servicing Corporation is expected to close in Q3 2023. Post quarter-end, book value increased 4% through January 31, 2023, following the issuance of 10 million shares for net proceeds of $175.6 million.

Two Harbors Investment Corp (NYSE: TWO) has commenced a public offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The net proceeds will be used to acquire residential mortgage-backed securities, mortgage servicing rights, and other financial assets, in line with its investment guidelines. The offering is registered under the SEC's shelf registration statement filed on February 26, 2021. Goldman Sachs, J.P. Morgan, and Citigroup are acting as joint book-running managers of the offering.

Two Harbors Investment Corp. (NYSE: TWO) announced the tax treatment for its common and preferred stock dividends for 2022. None of the dividends are expected to consist of excess inclusion income, simplifying tax reporting for investors. A reverse stock split was completed on November 1, 2022, converting four shares into one, affecting tax basis allocation. The common stock distribution declared on December 19, 2022, with a record date of January 5, 2023, will be treated as a 2023 distribution for tax purposes. Investors should consult tax advisors for individual implications. Total common stock dividends for 2022 amounted to $0.510 per share.

Two Harbors Investment Corp (NYSE: TWO) has announced its preliminary estimated financial results for Q4 2022. As of December 31, 2022, the estimated book value per common share ranges from $17.70 to $17.74. The estimated comprehensive income is between $1.83 and $1.87 per share, while earnings available for distribution are estimated between $0.25 and $0.27 per share. The GAAP debt-to-equity ratio stands at 4.4x and economic debt-to-equity at 6.3x. An increase in book value of approximately 3% has been noted through January 18, 2023. The final results will be reported on February 8, 2023.

Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q4 ending December 31, 2022 on February 8, 2023, after market close. A conference call to discuss the results will occur on February 9, 2023, at 9:00 a.m. ET. Interested parties can access the conference call live via the company's website or by calling toll-free (877) 502-7185. For those unable to attend, a playback will be available from February 9, 2023, at 12:00 p.m. ET until February 23, 2023. This event is significant for investors awaiting insights on the company's financial performance.

Two Harbors Investment Corp (NYSE: TWO) announced a fourth quarter dividend of $0.60 per share for common stock. This dividend is payable on January 27, 2023, to stockholders of record as of January 5, 2023. The company's decision on dividends is influenced by factors like earnings, portfolio return potential, and market conditions. Additionally, preferred stock dividends were declared for Series A, B, and C, with amounts ranging from $0.45313 to $0.50781, payable on the same date to respective stockholders.

Two Harbors Investment Corp. (NYSE: TWO) reported a book value of $16.42 per common share for Q3 2022, reflecting a quarterly economic return of -16.2%. The company experienced a comprehensive loss of $287.8 million, equating to $(3.35) per basic share. Earnings Available for Distribution stood at $55.2 million, or $0.64 per share. The debt-to-equity ratio rose to 5.5x, with economic debt-to-equity at 7.5x. A quarterly dividend of $0.68 was declared. Post-quarter, the company repurchased 2.9 million shares, contributing $0.26 to book value. A reverse stock split was implemented on November 1, 2022.

Two Harbors Investment Corp. (NYSE: TWO) has successfully executed a one-for-four reverse stock split, reducing its outstanding shares from approximately 345 million to 86 million. Correspondingly, the authorized shares decreased from 700 million to 175 million, while the par value per share remains unchanged. Shareholders are advised to consult with their financial and tax advisors regarding the implications of this move. The company emphasizes that the press release includes forward-looking statements that involve risks and uncertainties, as detailed in its SEC filings.

Two Harbors Investment Corp (NYSE: TWO) reported preliminary estimated financial results for Q3 2022. The estimated book value per share is between $4.09 and $4.13, while comprehensive loss is estimated at $0.81 to $0.85 per share. Earnings Available for Distribution (EAD) is projected to be between $0.15 and $0.17 per share. The company's liquidity remains strong, with approximately $730 million in unrestricted cash. Q3 actual results will be announced on November 8, 2022.