Last $10.40 USD
Change Today -0.07 / -0.67%
Volume 1.5M
TWO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

two harbors investment corp (TWO) Snapshot

Open
$10.46
Previous Close
$10.47
Day High
$10.50
Day Low
$10.39
52 Week High
06/27/14 - $10.79
52 Week Low
12/6/13 - $8.94
Market Cap
3.8B
Average Volume 10 Days
2.1M
EPS TTM
$0.87
Shares Outstanding
366.1M
EX-Date
06/30/14
P/E TM
11.9x
Dividend
$1.04
Dividend Yield
10.19%
Current Stock Chart for TWO HARBORS INVESTMENT CORP (TWO)

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two harbors investment corp (TWO) Details

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights, and other financial assets. The company’s target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and non-agency RMBS collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM mortgage loans, and subprime mortgage loans. Its target assets also comprise prime nonconforming and credit sensitive residential mortgage loans; and other assets, such as asset backed securities and certain non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in New York, New York.

two harbors investment corp (TWO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

two harbors investment corp (TWO) Key Developments

Two Harbors Investment Corp. Declares Dividend for the Second Quarter of 2014, Payable on July 22, 2014

Two Harbors Investment Corp. declared a quarterly dividend of $0.26 per share of common stock for the second quarter of 2014. This dividend is payable on July 22, 2014 to common stockholders of record at the close of business on July 2, 2014.

Two Harbors Investment Corp. Appoints E. Spencer Abraham as Director

Two Harbors Investment Corp. appointed E. Spencer Abraham as director of the company at the Annual Stockholders Meeting held on May 20, 2014.

Two Harbors Investment Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Two Harbors Investment Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Total interest income was $138.5 million against $134.8 million last year. Net interest income was $112.5 million against $111 million last year. Loss from continuing operations before income taxes was $63.0 million against income from continuing operations before income taxes of $147.3 million last year. Net loss from continuing operations was $29.1 million or $0.08 per basic and diluted share against net income from continuing operations of $142.3 million or $0.47 per basic and diluted share last year. Net loss attributable to common stockholders was $29.1 million or $0.08 per basic and diluted share against net income attributable to common stockholders of $143.7 million or $0.47 per basic and diluted share last year. Core earnings were $88.2 million or $0.24 per diluted share against $89.7 million or $0.29 per diluted share last year. Core earnings before income taxes were $90.0 million. On a GAAP basis, the company recognized an annualized return on average equity of negative 3.0% and positive 24.8% for the quarters ended March 31, 2014 and December 31, 2013, respectively. On a comprehensive income basis, the company recognized an annualized return on average equity of 15.7% and 17.7% for the quarters ended March 31, 2014 and December 31, 2013, respectively. The company's book value per diluted share, after taking into account the first quarter 2014 dividend of $0.26 per share, was $10.71 as of March 31, 2014, compared to $10.56 as of December 31, 2013, which represented a total return on book value for the first quarter of 2014 of 3.9%.

 

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TWO Competitors

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Company Last Change
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MFA Financial Inc $8.32 USD -0.01
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Starwood Property Trust Inc $23.90 USD -0.09
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Industry Analysis

TWO

Industry Average

Valuation TWO Industry Range
Price/Earnings 9.5x
Price/Sales 7.4x
Price/Book 1.0x
Price/Cash Flow 9.4x
TEV/Sales NM Not Meaningful
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