TWO News and Press, Two Harbors Investment Corp From 11/09/22

Summary Following our prior article on the dramatic market failure between similar shares, the gap closed 6% in a week. In one case, that eliminated the problem with valuation. However, one share still has further to outperform. We're sharing some of our subscriber research on...

Two Harbors Investment Corp. (TWO) Q3 2022 Earnings Conference Call November 09, 2022 9:00 AM ET Company Participants Paulina Sims – Senior Director, Investor Relations Bill Greenberg – President and Chief Executive Officer Nick Letica – Chie...

The following slide deck was published by Two Harbors Investment Corp. in conjunction with their 2022 Q3 earnings call. For further details see: Two Harbors Investment Corp. 2022 Q3 - Results - Earnings Call Presentation

Summary Two Harbors stock has been crushed, just like the entire mREIT sector. It is not a broken business model; it is a model that does not work when yields are in constant flux and an inverted curve, with spreads crushing book value. We thought things would stabilize as we ...

Two Harbors Investment ( NYSE: TWO ) Q3 earnings on Tuesday fell short of the average Wall Street consensus and decreased from a year ago as wider mortgage spreads negatively impacted the mortgage REITs book value. Still, TWO shares gained 1.2% in extended trading. &...

Two Harbors Investment press release ( NYSE: TWO ): Q3 Non-GAAP EPS of $0.64 misses by $0.15 . Net interest income of $11.04M (-22.0% Y/Y). Reported book value of $16.42 per common share, representing a (16.2)% quarterly economic return on book value GAAP debt-...

Book Value Impacted as Spreads Continued to Widen Beyond Historical Levels Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust (REIT), today announced its financial results for the quarter ended September 30, 2022. Quarterl...

Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...

Summary One of our picks today has about 40% upside to our recent targets in addition to a 12% yield. Rallying 40% would not even push the share price above book value. It would still have a modest discount. While share prices are down over 20% year-to-date, book value is actu...

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced the completion of its previously announced one-for-four reverse stock split of the outstanding shares of the company’s common stock (the “Reverse Stock ...