Last $10.38 USD
Change Today -0.05 / -0.48%
Volume 2.8M
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

two harbors investment corp (TWO) Snapshot

Open
$10.43
Previous Close
$10.43
Day High
$10.47
Day Low
$10.37
52 Week High
06/27/14 - $10.79
52 Week Low
10/1/14 - $9.60
Market Cap
3.8B
Average Volume 10 Days
2.3M
EPS TTM
$1.06
Shares Outstanding
366.6M
EX-Date
12/26/14
P/E TM
9.8x
Dividend
$1.04
Dividend Yield
10.02%
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 Mulls Acquisitions

Two Harbors Investment Corp. (NYSE:TWO) intends to pursue acquisitions. "It's our goal to continue to add sellers to enable us to acquire on a more consistent basis over time," William Roth, Chief Investment Officer, said.

Two Harbors Investment Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Two Harbors Investment Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total interest income of $156,220,000 compared to $137,457,000 for the same period a year ago. Net interest income was $124,516,000 compared to $110,535,000 for the same period a year ago. Loss from continuing operations before income taxes was $48,681,000 compared to income from continuing operations before income taxes of $245,281,000 for the same period a year ago. Net loss from continuing operations was $36,963,000 compared to net income from continuing operations of $238,679,000 for the same period a year ago. Net loss was $36,963,000 or $0.10 per basic and diluted share compared to net income of $239,414,000 or $0.66 per basic and diluted share for the same period a year ago. Core earnings were $83,108,000 compared to $76,390,000 for the same period a year ago. Core earnings per weighted average share outstanding, diluted were $0.23 compared to $0.21 for the same period a year ago. Book value was $11.10 per diluted common share, representing a 1.0% quarterly total return on book value, after accounting for a dividend of $0.26 per share. On a GAAP net income basis, the company recognized an annualized negative return on average equity of 3.6%. Annualized return on equity on core basis was 8.1%. For the full year, the company announced total interest income of $577,207,000 compared to $555,591,000 for the same period a year ago. Net interest income was $469,757,000 compared to $455,184,000 for the same period a year ago. Income from continuing operations before income taxes was $93,401,000 compared to $659,451,000 for the same period a year ago. Net income from continuing operations was $167,139,000 compared to $575,040,000 for the same period a year ago. Net income was $167,139,000 or $0.46 per basic and diluted share compared to $579,039,000 or $1.65 per basic and diluted share for the same period a year ago. Core earnings were $343,808,000 compared to $311,829,000 for the same period a year ago. Core earnings per weighted average share outstanding, diluted were $0.94 compared to $0.89 for the same period a year ago. Annualized return on equity on core basis was 8.5%. Annualized return on equity on GAAP basis was 4.2%.

Two Harbors Investment Corp. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2014

Two Harbors Investment Corp. declared a cash dividend of $0.26 per common share for the fourth quarter ended December 31, 2014. The annualized dividend yield on the company's common stock for the fourth quarter of 2014, based on the December 31, 2014 closing price of $10.02, was 10.4%.

 

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Industry Analysis

TWO

Industry Average

Valuation TWO Industry Range
Price/Earnings 22.8x
Price/Sales 9.3x
Price/Book 0.9x
Price/Cash Flow 22.9x
TEV/Sales NM Not Meaningful
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