TWO Stock Recent News

Amid the decelerating macro-economic fundamentals, Two Harbors (TWO) slashes its dividend by 25% to likely focus on capital preservation.

SL Green suffers from a secular shift that involves more people working from home. Two Harbors' earnings are too low to cover the current dividend.

Increased interest rate volatility hurt Two Harbors in the first quarter. The company didn't earn enough to cover the dividend.

Two Harbors Investment Corp. (NYSE:TWO ) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Maggie Karr - Head, IR Bill Greenberg - President & CEO Mary Riskey - CFO Nick Letica - Chief Investment Officer Conference Call Participants Doug Harter - Credit Suisse Kenneth Lee - RBC Capital Markets Bose George - KBW Trevor Cranston - JMP Securities Arren Cyganovich - Citi Eric Hagen - BTIG Rick Shane - JPMorgan Operator Good morning. My name is Diego and I will be your conference facilitator.

Two Harbors Investment Corp. (NYSE: TWO), an Agency RMBS + MSR real estate investment trust, announced today that it will release financial results for the quarter ended March 31, 2023 after market close on May 1, 2023. The company will host a conference call to review the financial results on May 2, 2023 at 9:00 a.m. ET.

With the Fed posturing more hawkish about interest rates, investors may do well to go on offense and improve their portfolio yields. Pricing inversions in preferred shares can present arbitrage opportunities.

Book value per share for this mortgage REIT rebounded in the fourth quarter, but is the dividend covered?

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.

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 end of 2023, but there might be no rate cuts at all in 2023.

Two Harbors Investment Corp. (NYSE:TWO ) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President and Chief Executive Officer Nick Letica - Chief Investment Officer Mary Riskey - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Kenneth Lee - RBC Capital Markets Bose George - KBW Rick Shane - JPMorgan Eric Hagen - BTIG Operator Good morning. My name is Sherry and I will be your conference facilitator.