Welcome to our dedicated page for Two Hbrs Invt news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Hbrs Invt stock.
Two Harbors Investment Corp. (NYSE: TWO) is an MSR-focused real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. News about Two Harbors often centers on its mortgage finance activities, portfolio composition, financing arrangements and corporate transactions, all of which are relevant to investors following the mortgage and real estate investment trust sectors.
Regular news items include quarterly earnings releases, where the company reports book value per common share, economic return on book value, comprehensive income or loss, and earnings available for distribution. These releases also summarize the composition of the MSR and Agency RMBS portfolio, including unpaid principal balance, coupon characteristics, delinquency metrics and prepayment speeds, as well as details on hedging instruments and financing costs.
Two Harbors also issues press releases about its dividend decisions for common and preferred stock, explaining how dividend levels relate to portfolio earnings, taxable income, book value and market conditions. Additional news covers capital markets activity, such as the pricing of senior notes offerings and updates to at-the-market equity offering programs, along with the use of proceeds for refinancing debt, financing MSR and Agency RMBS purchases, and other corporate purposes.
A significant recent news theme is the announced all-stock acquisition of Two Harbors by UWM Holdings Corporation, described in joint press releases and Form 8-K filings. Coverage of this transaction includes the agreed exchange ratio for Two Harbors common stock, the treatment of preferred stock, expected timing subject to customary conditions, and the strategic rationale presented by both companies. Investors who follow TWO news can review these items to understand how the planned merger, litigation settlements and portfolio developments may affect the company’s future within the mortgage finance landscape.
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
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.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 2022 after market close on November 8, 2022. The company, which focuses on Agency and MSR mortgage-backed securities, will host a conference call on November 9, 2022, at 9:00 a.m. ET to discuss these results. Investors can access the call via the company's website or by phone. Playback will be available until November 23, 2022. Further information can be found on their official website and the SEC site.
Two Harbors Investment Corp (NYSE: TWO) has announced a dividend of $0.17 per share for common stock for Q3 2022, payable on October 28, 2022, with the record date of October 3, 2022. Preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on October 27, 2022. Additionally, the company will implement a 1-for-4 reverse stock split effective November 1, 2022, to enhance share price and market appeal.
Two Harbors Investment Corp (NYSE: TWO) is set to present at the 2022 Barclays Global Financial Services Conference on September 12, 2022, at 2:45 p.m. ET. The conference will take place at the Hilton Midtown in New York City. Investors can access a live webcast of the presentation through the company’s website, with a replay available for one year. Two Harbors, a Maryland-based REIT, focuses on residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) has appointed Nick Letica as its new Chief Investment Officer (CIO), succeeding William Greenberg, who retains his roles as President and CEO. Letica, with over 30 years of experience in the Agency mortgage sector, previously held leadership roles at TD Securities and Citigroup. The company expects Letica to enhance its Investment and Hedging Strategy, aiming to provide attractive risk-adjusted returns to shareholders.
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