Two Harbors Investment

Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in St. Louis Park, MN.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Two Harbors reports solid Q4 performance, eyes MSR strategy growth

Two Harbors demonstrated strong financial performance in Q4 2022 with robust returns and stable metrics.
The company is strategically positioned for 2023, focusing on RMBS and MSR strategies amidst market challenges.
Opportunities lie in potential MSR purchases, slower prepayment speeds, and managing liquidity effectively.
Addressing challenges like market volatility and loan recapture restrictions is crucial for sustained growth.

Two Harbors Investment navigates market challenges, eyes spread tightening

Two Harbors Investment's Q1 2023 earnings call highlighted a mixed performance with a focus on managing interest rate volatility and optimizing portfolio returns. The company faces challenges from market uncertainties and excess supply in mortgage-backed securities but sees opportunities in potential spread tightening and strategic dividend policy decisions.

Two Harbors reports resilient Q2 performance amidst market challenges

Two Harbors reported solid financial performance with a focus on generating positive returns in a challenging market environment. The company's strengths lie in its strategic investments in RMBS and MSR assets, as well as the progress of the RoundPoint acquisition. Challenges include managing tail risks and addressing investor concerns about spreads and leverage positioning. Opportunities for growth exist in subservicing and informative investor engagement through video content.

Two Harbors reports Q3 loss, acquires RoundPoint for growth

Two Harbors Investment Corp. faced challenges from market conditions but strategically acquired RoundPoint Mortgage Servicing for growth.
Effective hedging strategies and focus on capital allocation demonstrate proactive risk management and investment optimization.
Opportunities exist in leveraging the RoundPoint acquisition, exploring structured finance markets, and enhancing portfolio performance.

Two Harbors Investment Corp reports positive Q4 performance and growth opportunities

Two Harbors Investment Corp navigated market challenges with a focus on strategic acquisitions and revenue optimization.
Executives addressed key inquiries on performance drivers, recapture strategies, and portfolio management.
The company's proactive approach to market dynamics positions it for growth and stability in the upcoming quarters.

Two Harbors Investment (TWO) reports strong Q1 performance and MSR market activity

Two Harbors Investment (TWO) delivered a solid performance in Q1 2024, driven by positive economic returns and strong RMBS performance. Despite challenges from higher interest rates, the company's operations and portfolio management remained robust. Opportunities exist in the active MSR market and potential market volatility.

Two Harbors maintains stable performance amidst market volatility and transitions

Two Harbors' Q2 2024 performance remained stable with a focus on risk management and operational efficiency.
Despite market volatility, the company showcased resilience in its MSR portfolio and financial results.
Challenges include market uncertainty and leadership transition, while opportunities exist in growth strategies and optimizing returns.
Investors can consider Two Harbors for its consistent performance, strategic initiatives, and potential for returns in a dynamic market.

Two Harbors Investment rebrands to focus on MSR strategy

Two Harbors Investment (TWO) showcased a solid performance with a focus on MSR as a core investment strategy, aiming for attractive returns.
Despite challenges from market volatility and interest rate shifts, TWO's leadership team demonstrated a strong understanding of the company's strategy.
The company's acquisition of RoundPoint and emphasis on cost savings and improving MSR asset economics position TWO for future growth.
Analysts raised questions about key metrics, indicating areas for TWO to address for sustained performance and shareholder value.

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Two Harbors Investment Corp. is a real estate investment trust, which invests in finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in St. Louis Park, MN.

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TWO, NREF, and MPW made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 20, 2024.

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Investors are considering transferring reserves from money markets to bonds due to declining interest rates. Two Harbors Investment Corporation's preferred stocks (TWO.PR.A, TWO.PR.B, TWO.PR.C) are analyzed for investment opportunities and risks. TWO.PR.B is currently trading at the steepest discount to par and may outperform in declining interest rate scenarios.

Two Harbors Investment Preferreds: Defining The Opportunity In Declining Interest Rates

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Two Harbors (TWO), Tanger (SKT) and Dynex (DX) are three real estate stocks to look into as mortgage rates fall on the Fed's rate-cut indications.

3 Real Estate Stocks to Buy on Falling Mortgage Rates

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ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Two Harbors Investment Corp.(NYSE:TWO) (“Two Harbors”), an MSR + Agency RMBS real estate investment trust, has selected the Encompass® digital mortgage platform to support their new direct-to-consumer recapture originations channel. Part of ICE's end-to-end digital housing finance ecosystem, Encompass is the mortgage industry's leading digital.

Two Harbors to Use ICE's Encompass Digital Mortgage Platform in Servicing Retention Strategy via Direct-to-Consumer Lending Channel

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Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

Two Harbors Investment Corp. (TWO) Q2 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Reports Second Quarter 2024 Financial Results.

Two Harbors Investment Corp. Reports Second Quarter 2024 Financial Results

Many investors buy dividend stocks as a way to generate income without lowering their initial investment. Annaly Capital, AGNC Investment, and Two Harbors have all cut their dividends regularly over the past decade.

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Two Harbors preferreds have significantly outperformed the common shares over the past five years. Structural aspects of mREITs like the requirement to pay out 90% of taxable income and the lack of real estate depreciation, favor preferreds over common shares. The conversion to a floating rate for Two Harbors preferreds offers the potential for significant capital appreciation.

Two Harbors Preferreds Look Much Better Than The Common

Two Harbors Investment Corporation is an mREIT focused on agency residential mortgage-backed securities and mortgage servicing rights. The company's series B preferred shares have outperformed the iShares Preferred and Income Securities ETF in 2024. Two Harbors' preferred dividend coverage is strong both from a net income and common equity perspective.

Two Harbors: The Series B Preferred Shares Offer The Best Value

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2024 Financial Results.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2024 Financial Results

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This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.

12%+ Dividend Yields Duel

Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this time, we're putting even more money in.

12% Dividend Yield Sure Beats 8%

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Second Quarter 2024 Common and Preferred Stock Dividends.

Two Harbors Investment Corp. Announces Second Quarter 2024 Common and Preferred Stock Dividends

We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here. We closed out one of our other high-yielding positions to lock in a substantial gain.

9%+ Yields For Bigger Income

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. to Present at the 2024 KBW Virtual Real Estate Finance & Technology Conference.

Two Harbors Investment Corp. to Present at the 2024 KBW Virtual Real Estate Finance & Technology Conference

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Details Pertaining to the 2024 Annual Meeting of Stockholders.

Two Harbors Investment Corp. Announces Details Pertaining to the 2024 Annual Meeting of Stockholders

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Two Harbors Investment Corp. (NYSE:TWO ) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Maggie Karr - Head of IR William Greenberg - President and CEO Mary Riskey - CFO Nicholas Letica - CIO Conference Call Participants Doug Harter - UBS Trevor Cranston - JMP Securities Bose George - KBW Jason Weaver - Jones Trading Rick Shane - JPMorgan Eric Hagen - BTIG Operator Good morning. My name is Jennifer and I will be your conference facilitator.

Two Harbors Investment Corp. (TWO) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Reports First Quarter 2024 Financial Results.

Two Harbors Investment Corp. Reports First Quarter 2024 Financial Results

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Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

10% Yields Or Higher

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Earnings Release and Conference Call for First Quarter 2024 Financial Results.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for First Quarter 2024 Financial Results

We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

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