TWO News and Press, Two Harbors Investment Corp From 03/01/23

Last year was awful for the mortgage space. As the Federal Reserve hiked interest rates , mortgage origination companies saw volumes collapse. Mortgage real estate investment trusts (REITs) saw the assets in their portfolios take a beating. Most mortgage REITs saw big declines in book val...

Summary Two Harbors recently cut its quarterly cash dividend payout by 12% with its yield now at 14.2%. A further near-term cut to the payouts is likely with the mREIT's earnings and book value to face headwinds this year. The preferreds come with a 9.2% yield on cost and a 52% yiel...

Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that its 2023 Annual Meeting of Stockholders will be held virtually on May 17, 2023, beginning at 10 a.m. Eastern Time. Stockholders can attend the virtual annual meeting ...

Summary External economic factors are making Two Harbors Investment Corp.’s position quite challenging in 2023, and the book value per share is likely to decline further. Futures markets initially predicted that the U.S. Federal Reserve would cut interest rates twice before the e...

Summary Slash to 11% or 12% incoming. Shares already dipped some, though many investors don’t know about the cut yet. Looking at the financials, it was clear the dividend would get whacked this year. Some peers are also poised to cut for 2023. Disagree with my techniq...

Summary As a portfolio of high yielding dividend stocks and ETFs are all the rage, I took the time to calculate the total return of 52 high-yield dividend names. This hypothetical high yield dividend portfolio experienced a -15% total return, in 2022. I would argue my 26 company inv...

Summary KBWD is a high-yield ETF in financials. Mortgage REITs weigh 44% of asset value. Since inception, it has lost about 30% in share price. In 10 years, distributions have shrunk by 20%. Bonus: How to manage capital decay in high yield securities. This divide...

Summary Big unsustainable yield at a premium valuation. This share isn’t for investors, it’s for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing. Losing money isn’t the criteria for being an investor. ...

Summary We're approaching the halfway point of another consequential real estate earnings season with roughly 40 equity REITs and 15 mortgage REITs representing 50% of the total market capitalization reporting results. Results thus far have modestly exceeded expectations. Of the 36 REIT...

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,...