TWO News and Press, Two Harbors Investment Corp From 02/10/23

Summary Annaly's latest dividend cut will not be its last. Structural aspects of agency mREITs create a slow bleed of book value. Preferred shares look significantly better than common. The upgrade thesis Annaly Capital ( NLY ), despite operating intelligently,...

Summary The Two Harbors Investment Corp. dividend was recently cut. Two Harbors' Q4 showed some stabilization in rates, a tightening spread, better book value, but horrible earnings that did not cover the dividend. If the company misses badly again on earnings for distribution, do n...

Two Harbors Investment Corp. (TWO) Q4 2022 Earnings Conference Call Feb 09, 2023, 09:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President and Chief Executive Officer Nick Letica - Chief Investment Officer Mary Riskey - Chi...

The following slide deck was published by Two Harbors Investment Corp. in conjunction with their 2022 Q4 earnings call. For further details see: Two Harbors Investment Corp. 2022 Q4 - Results - Earnings Call Presentation

Two Harbors Investment ( NYSE: TWO ) Q4 earnings Wednesday fell short of the average Wall Street consensus and slid from the prior quarter as volatility in mortgage spreads remained persistently high. Still, the mortgage REIT generated a positive book value, as its portfolio benefited...

Two Harbors Investment press release ( NYSE: TWO ): Q4 GAAP EPS of -$3.04. Tightening Mortgage Spreads Drove Increase in Book Value Reported book value of $17.72 per common share, and declared a fourth quarter common stock dividend of $0.60 per share, representin...

Tightening Mortgage Spreads Drove Increase in Book Value Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust (REIT), today announced its financial results for the quarter ended December 31, 2022. Quarterly Summary (1) Rep...

Summary U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 a...

Two Harbors Investment ( NYSE: TWO ) on Thursday announced an underwritten public offering of 10M shares. The REIT expects to grant underwriters a 30-day option to buy up to an additional 1.5M shares. Net proceeds will be used to acquire target assets, including residential mo...

Summary Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart. Who cares about the difference between 3.7% and 14.26% to 17.6%? We do! Get ready for charts, images, and tables because t...