About Two Harbors Investment Corp
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company's target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans. The Company is managed and advised by PRCM Advisers LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Residential
- Sub-Industry: Mortgage REITs
- Exchange: NYSE
- Symbol: TWO
- CUSIP: 90187B10
- Previous Close: $9.13
- 50 Day Moving Average: $8.84
- 200 Day Moving Average: $8.71
- 52-Week Range: $7.28 - $9.18
- Trailing P/E Ratio: 9.00
- Foreward P/E Ratio: 9.22
- P/E Growth: 1.59
- Market Cap: $3.17B
- Outstanding Shares: 347,652,000
- Beta: 0.56
- Net Margins: 55.77%
- Return on Equity: 9.19%
- Return on Assets: 1.59%
Companies Related to Two Harbors Investment Corp:
- Debt-to-Equity Ratio: 2.13%
- Current Ratio: 1.85%
- Quick Ratio: 1.85%
What is Two Harbors Investment Corp's stock symbol?
Two Harbors Investment Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."
How often does Two Harbors Investment Corp pay dividends? What is the dividend yield for Two Harbors Investment Corp?
Two Harbors Investment Corp announced a quarterly dividend on Friday, December 16th. Stockholders of record on Friday, December 30th will be given a dividend of $0.24 per share on Friday, January 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.51%. The ex-dividend date of this dividend is Wednesday, December 28th. This is a boost from Two Harbors Investment Corp's previous quarterly dividend of $0.23.
Where is Two Harbors Investment Corp's stock going? Where will Two Harbors Investment Corp's stock price be in 2017?
9 equities research analysts have issued 12 month price objectives for Two Harbors Investment Corp's stock. Their forecasts range from $9.00 to $10.00. On average, they expect Two Harbors Investment Corp's stock price to reach $9.54 in the next twelve months.
When will Two Harbors Investment Corp announce their earnings?
Two Harbors Investment Corp is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Two Harbors Investment Corp stock?
Here are some recent quotes from research analysts about Two Harbors Investment Corp stock:
FBR & Co analysts commented, "Two Harbors reported 4Q16 core EPS of $0.24, in line with Street and FBR estimates and ahead of the $0.23 quarterly dividend. GAAP EPS came in at $0.98, as higher interest rates in the quarter yielded material gains on the hedging portfolio and a write-up of the MSR, which were partially offset by a markdown on the MBS portfolio. Book value per share declined by 2.3% QOQ to $9.78, which reflected rate volatility and was slightly weaker than our estimated book value decline of 1.6%. We were encouraged by continued expansion of the CRE lending platform, an initiative that should support a stronger multiple over time, as well as the growth in the MSR portfolio that should act as a hedge against an increase in rates. With a dividend we believe secure and clear progress toward diversifying the business, we see upside potential over the long term but maintain a more balanced view until further progress is made." (2/8/2017)
According to Zacks Investment Research, "Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. " (2/1/2017)
Who owns Two Harbors Investment Corp stock?
Two Harbors Investment Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Thornburg Investment Management Inc. (6.23%), FMR LLC (1.73%), State Street Corp (1.54%), Delphi Financial Group Inc. (1.29%), Russell Investments Group Ltd. (0.93%) and Renaissance Technologies LLC (0.71%). Company insiders that own Two Harbors Investment Corp stock include Brad Farrell, Mary Kathryn Riskey, Rebecca B Sandberg, Stephen G Kasnet, Thomas Siering and William Roth.
Who sold Two Harbors Investment Corp stock? Who is selling Two Harbors Investment Corp stock?
Two Harbors Investment Corp's stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., Delphi Financial Group Inc., Clough Capital Partners L P, FMR LLC, Guggenheim Capital LLC, Cedar Hill Associates LLC, Tudor Investment Corp Et Al and Baird Financial Group Inc.. Company insiders that have sold Two Harbors Investment Corp stock in the last year include Brad Farrell, Mary Kathryn Riskey and Rebecca B Sandberg.
Who bought Two Harbors Investment Corp stock? Who is buying Two Harbors Investment Corp stock?
Two Harbors Investment Corp's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Gillson Capital LP, Two Sigma Investments LP, Renaissance Technologies LLC, Allianz Asset Management AG, State Street Corp, Paradigm Asset Management Co. LLC and Ramsey Quantitative Systems. Company insiders that have bought Two Harbors Investment Corp stock in the last two years include Stephen G Kasnet, Thomas Siering and William Roth.
How do I buy Two Harbors Investment Corp stock?
Shares of Two Harbors Investment Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Two Harbors Investment Corp stock cost?
One share of Two Harbors Investment Corp stock can currently be purchased for approximately $9.13.