Last $10.64 USD
Change Today +0.02 / 0.19%
Volume 1.2M
TWO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

two harbors investment corp (TWO) Snapshot

Open
$10.60
Previous Close
$10.62
Day High
$10.65
Day Low
$10.57
52 Week High
06/27/14 - $10.79
52 Week Low
12/6/13 - $8.94
Market Cap
3.9B
Average Volume 10 Days
2.0M
EPS TTM
$0.16
Shares Outstanding
366.1M
EX-Date
06/30/14
P/E TM
66.5x
Dividend
$1.04
Dividend Yield
9.96%
Current Stock Chart for TWO HARBORS INVESTMENT CORP (TWO)

two harbors investment corp (TWO) Related Businessweek News

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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. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Two Harbors Investment Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $140.149 million against $145.325 million a year ago. Net interest income was $115.199 million against $120.603 million a year ago. Income from continuing operations before income taxes was $16.397 million against $436.740 million a year ago. Net income from continuing operations was $39.657 million or $0.11 per basic and diluted share against $387.621 million or $1.06 per basic and diluted share a year ago. Net income attributable to common stockholders was $39.657 million or $0.11 per basic and diluted share against $388.637 million or $1.06 per basic and diluted share a year ago. Core earnings were $89.671 million or $0.24 per diluted share against $78.133 million or $0.21 per diluted share a year ago. Core earnings before income taxes were $91.1 million. For the six months, the company reported total interest income of $278.684 million against $280.160 million a year ago. Net interest income was $227.656 million against $231.602 million a year ago. Loss from continuing operations before income taxes was $46.650 million against income from continuing operations before income taxes of $584.043 million a year ago. Net income from continuing operations was $10.512 million or $0.03 per basic and diluted share against $529.960 million or $1.57 per diluted share a year ago. Net income attributable to common stockholders was $10.512 million or $0.03 per basic and diluted share against $532.353 million or $1.58 per diluted share a year ago. Core earnings were $177.874 million or $0.49 per diluted share against $167.790 million or $0.50 per diluted share a year ago. Book value was $11.09 per diluted common share, representing a 6.0% total return on book value, after accounting for a dividend of $0.26 per share, bringing the total return on book value for the first half of 2014 to 9.9%.

Two Harbors Investment Corp. to Report Q2, 2014 Results on Aug 06, 2014

Two Harbors Investment Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Two Harbors Investment Corp., Q2 2014 Earnings Call, Aug 07, 2014

Two Harbors Investment Corp., Q2 2014 Earnings Call, Aug 07, 2014

 

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TWO Competitors

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Industry Analysis

TWO

Industry Average

Valuation TWO Industry Range
Price/Earnings 69.8x
Price/Sales 31.0x
Price/Book 1.0x
Price/Cash Flow 68.0x
TEV/Sales NM Not Meaningful
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