Last $10.32 USD
Change Today -0.03 / -0.29%
Volume 1.7M
TWO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

two harbors investment corp (TWO) Snapshot

Open
$10.34
Previous Close
$10.35
Day High
$10.35
Day Low
$10.27
52 Week High
06/27/14 - $10.79
52 Week Low
10/1/14 - $9.60
Market Cap
3.8B
Average Volume 10 Days
2.0M
EPS TTM
$1.22
Shares Outstanding
366.1M
EX-Date
12/26/14
P/E TM
8.5x
Dividend
$1.04
Dividend Yield
10.08%
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 Declares Fourth Quarter Dividend, Payable on January 20, 2015

Two Harbors Investment Corp. declared quarterly dividend of $0.26 per share of common stock for the fourth quarter of 2014. This dividend is payable on January 20, 2015 to common stockholders of record at the close of business on December 30, 2014.

Two Harbors Investment Corp. Announces Executive Changes

Two Harbors Investment Corp. announced that, effective January 1, 2015, Robert Rush will assume the role of the company's Chief Risk Officer. Paul Richardson, who has served as the company's Chief Risk Officer over the past several years, will remain in his role as Partner and Chief Risk Officer for Pine River Capital Management L.P. Mr. Rush has served as Two Harbors' Managing Director, Risk Management, since September 2013. Prior to joining the company, Mr. Rush held a variety of positions at UBS AG in New York. During 2013, he was a Managing Director and Director of Risk Strategy for the Non-Core and Legacy Group.

Two Harbors Investment Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Two Harbors Investment Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter of 2014, the company reported total interest income was $142,303,000 against $137,974,000 a year ago. Net interest income was $117,585,000 against $113,047,000 a year ago. Income from continuing operations before income taxes was $188,732,000 against loss from continuing operations before income taxes of $169,873,000 a year ago. Net income from continuing operations was $193,590,000 against loss of $193,599,000 a year ago. Net income was $193,590,000 against loss of $192,728,000 a year ago. Diluted income per share from continuing operations was $0.53 against loss of $0.53 a year ago. Diluted income per share was $0.53 against loss of $0.53 a year ago. Core earnings were $82,826,000 against $67,649,000 a year ago. Core earnings per diluted share were $0.23 against $0.19 a year ago. For the nine months, the company reported total interest income was $420,987,000 against $418,134,000 a year ago. Net interest income was $345,241,000 against $344,649,000 a year ago. Income from continuing operations before income taxes was $142,082,000 against income of $414,170,000 a year ago. Net income from continuing operations was $204,102,000 against income of $336,361,000 a year ago. Net income was $204,102,000 against income of $339,625,000 a year ago. Diluted income per share from continuing operations was $0.56 against income of $0.97 a year ago. Diluted income per share was $0.56 against income of $0.98 a year ago. Core earnings were $260,700,000 against $235,439,000 a year ago. Core earnings per diluted share were $0.71 against $0.68 a year ago. The company's book value per diluted share, after taking into account the third quarter 2014 dividend of $0.26 per share, was $11.25 as of September 30, 2014, compared to $11.09 as of June 30, 2014, which represented a total return on book value for the third quarter of 2014 of 3.8%. For the nine months ended September 30, 2014, the company reported a total return on book value of 13.9%.

 

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TWO:US $10.32 USD -0.03

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Industry Analysis

TWO

Industry Average

Valuation TWO Industry Range
Price/Earnings 8.5x
Price/Sales 6.3x
Price/Book 0.9x
Price/Cash Flow 8.5x
TEV/Sales NM Not Meaningful
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