TWO Stock Recent News

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.

Two Harbors Investments (TWO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

NEW YORK--( BUSINESS WIRE )-- Two Harbors Investment Corp . (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended December 31, 2022 after market close on February 8, 2023. The company will host a conference call to review the financial results on February 9, 2023 at 9:00 a.m. ET.

This has been a rough year for mortgage REITs.

The Agency Mortgage REIT area benefits from quasi-U.S. government institutional guarantees for asset safety. Two Harbors Investment Corp. is mostly Agency risk today. When buying Agency REIT risk, there is both the common stock as well as a variety of preferred stocks from which to choose.

Just like the rest of the mortgage REIT sector, Two Harbors has been buffeted by market volatility this year. In this article, we catch up on the mREIT preferreds sector and why it remains attractive for income investors.

Is this high-teens dividend yield sustainable?

Two Harbors Investment Corp. (NYSE:TWO ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Paulina Sims – Senior Director, Investor Relations Bill Greenberg – President and Chief Executive Officer Nick Letica – Chief Investment Officer Mary Riskey – Chief Financial Officer Conference Call Participants Kenneth Lee – RBC Capital Markets Trevor Cranston – JMP Securities Bose George – KBW Doug Harter – Credit Suisse Rick Shane – J.P. Morgan Arren Cyganovich – Citi Eric Hagen – BTIG Operator Good morning.

Two Harbors stock has been crushed, just like the entire mREIT sector. It is not a broken business model; it is a model that does not work when yields are in constant flux and an inverted curve, with spreads crushing book value.