TWO Stock Recent News
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the recent TWO share price of $13.71 represents a price-to-book ratio of 0.8 and an annual dividend yield of 13.13%
Two Harbors' 25% dividend cut and declining book value render its common shares a risky investment. The preferred shares offer better value with a 10% yield on cost for 81 cents on the dollar. A possible normalization of macroeconomic conditions could lead to a recovery of the commons.
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.