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Two Harbors Investment Corp (TWO) |
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Price: $14.0300
$0.17 
1.227%
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| Day's High:
| $14.12
| Week Perf:
| 2.71 %
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| Day's Low: |
$ 13.76 |
30 Day Perf: |
15 % |
| Volume (M): |
2,063 |
52 Wk High: |
$ 18.67 |
| Volume (M$): |
$ 28,947 |
52 Wk Avg: |
$14.09 |
| Open: |
$13.84 |
52 Wk Low: |
$9.83 |
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| Market Capitalization (Millions $) |
1,482 |
| Shares
Outstanding (Millions) |
106 |
| Employees |
14 |
| Revenues (TTM) (Millions $) |
543 |
| Net Income (TTM) (Millions $) |
57 |
| Cash Flow (TTM) (Millions $) |
-530 |
| Capital Exp. (TTM) (Millions $) |
0 |
Two Harbors Investment Corp
Two Harbors Investment Corp is a real estate investment trust (REIT) based in Minnesota, United States. The company primarily invests in residential mortgage-backed securities (RMBS) and other mortgage-related assets. Two Harbors' investment strategy is focused on generating attractive risk-adjusted returns through disciplined asset selection, hedging, and funding strategies. Here is a more detailed overview of the company:
Investment Portfolio:
Two Harbors' investment portfolio primarily consists of RMBS and mortgage-related assets, with a focus on agency RMBS. The company also invests in non-agency RMBS, prime jumbo loans, and credit-sensitive residential mortgage assets. In addition, it has exposure to commercial real estate debt, servicing rights, and other related assets.
RMBS is a type of mortgage-backed security where pools of mortgages are packaged together and sold to investors. The cash flows from the underlying mortgages are used to pay interest and principal to investors in the RMBS. Agency RMBS are securities that are guaranteed by the US government-sponsored enterprises Fannie Mae, Freddie Mac, and Ginnie Mae. As a result, these securities typically have lower credit risk but come with lower yields.
Non-agency RMBS, on the other hand, are not guaranteed and usually have a higher credit risk. Prime jumbo loans refer to mortgages that are too large to be guaranteed by Fannie Mae or Freddie Mac and are typically made to borrowers with high credit scores.
Operating Model:
Two Harbors generates revenue primarily through the interest income it earns from its mortgage-related assets. The company typically acquires these assets through its wholly-owned subsidiary, Two Harbors Investment Management. The subsidiary's team of experienced investment professionals is responsible for sourcing, analyzing, and acquiring investments for the portfolio.
Two Harbors' investment strategy involves active portfolio management and risk mitigation. The company employs a range of hedging strategies to manage interest rate and credit risk in its portfolio. This includes the use of interest rate swaps, options, and other derivatives. Management also monitors funding costs closely and uses a mix of repo financing and other sources of funding to optimize its cost of capital.
Dividend and Share Price:
Two Harbors typically distributes a portion of its net income to shareholders in the form of dividends. The company has a history of paying consistent and attractive dividends, which has helped to support its share price. As of August 2021, the company's dividend yield was around 8.5%, which is higher than the industry average.
Two Harbors' share price can be influenced by a range of factors, including interest rate movements, changes in the credit market, and shifts in the demand for mortgage-related assets. The company's share price has historically been more volatile than other REITs due to the complexity of its investment strategy and the use of derivatives.
Conclusion:
Two Harbors Investment Corp is a REIT with a focus on investing in residential mortgage-backed securities and other mortgage-related assets. The company's investment strategy involves active portfolio management, hedging, and funding strategies to generate attractive risk-adjusted returns. Two Harbors has a history of paying consistent and attractive dividends, and its share price can be influenced by a range of factors. As with any investment, investors should carefully consider their investment objectives and risk tolerance before investing in Two Harbors or any other security.
Company Address: 1601 Utica Avenue South, Suite 900 St. Louis Park, 55416 MN
Company Phone Number: 453-4100 Stock Exchange / Ticker: NYSE TWO
| TWO is expected to report next financial results on February 27, 2024. |
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| Stock Performances by Major Competitors |
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Power Reit
Power Reit, a Real Estate Investment Trusts company, recently reported disappointing financial results for the July to September 30, 2023 time-frame. The company's revenue experienced a significant decline of 75.666%, reaching only $0.49 million. Additionally, the shortfall per share increased to $-3.01 from the same reporting season a year ago. This drastic decrease in business stands in stark contrast to the average revenue growth observed in the Real Estate Investment Trusts industry during the same period.
In comparison to the preceding reporting season, where the company had a shortfall per share of $-0.69 and revenue of $0.22 million, Power Reit saw a sequential revenue increase of 124.202%. However, despite this increase, the company still experienced a net shortfall of $-10.023 million for the financial third quarter of 2023, compared to zero gains during the same reporting season the previous year.
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Calethos Inc
Following the recent reports from bellwethers in the Real Estate Investment Trusts (REITs) industry, attention is shifting to some overlooked corporations, including RSRT and Calethos Inc., as they prepare to release their financial results. RSRT has recently announced an operating shortfall of $-0.092 million for the third quarter of 2023. As the corporation continues to develop, shareholders eagerly await the implementation of a new business model as soon as possible, as they do not solely rely on the current productivity improvements at the company.
Despite the current circumstances, it is important to note that profitability has a minimal impact on the organization. In fact, RSRT suffered a deficit of $-0.098 million in the third quarter of 2023, despite its profitability in the same period of 2022. These figures highlight the volatility and unpredictability of the REITs industry, where market conditions and a company's specific situation can greatly impact their financial outcomes.
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Empire State Realty Op L P
Over the course of the last five trading days, Empire State Realty Op L P shares have experienced a decline of -2.39%. This brings their year-to-date performance to a positive 24.92%. Currently, Empire State Realty Op L P shares are trading on the NYSEArca at a value that is 13.8% above its 52-week average.
Despite the recent decline in share value, Empire State Realty Op L P posted very strong profitability numbers in the fiscal third quarter of 2023. During this period, their income per share increased significantly by 133.33% to $0.07 per share. Additionally, their revenue grew moderately by 4.253% to $191.53 million compared to the same reporting season the previous year.
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Strawberry Fields Reit Inc
In a world of uncertainty, one sector remains steadfast and reliable ? the stock market. And within the realm of the stock market, Real Estate Investment Trusts (REITs) have always been a safe bet for investors. Today, we bring you some exciting news about a particular REIT company that experienced mixed earnings in the most recent fiscal period.
Strawberry Fields REIT Inc, known for its dedication to growth and innovation, reported a fascinating set of earnings. While revenue increased by a remarkable 6.338% to $25.77 million compared to the prior year, there was a slight decline in earnings per share, which dropped by -47.06% to $0.09 per share.
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Umh Properties Inc
UMH Properties Inc, a Real Estate Investment Trust (REIT) company, disappointed investors with its fiscal third quarter (Q3) 2023 financial results. Despite a marginal improvement in revenue, the company reported a significant increase in losses compared to the previous quarter. Moreover, UMH Properties Inc's underperformance relative to its sector peers and its low stock performance raise concerns about its future prospects.
Unimpressive Financial Performance
UMH Properties Inc recorded a loss per share of $-0.09 in Q3 2023, showing a slight improvement from the previous year's $-0.18 loss per share. However, this improvement is overshadowed by the fact that the company's losses increased from $-0.07 per share compared to the prior quarter. These results indicate a lack of operational efficiency and suggest that the company is struggling to control its costs effectively.
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| Per Share |
Current |
| Earnings (TTM) |
1.44 $ |
| Revenues (TTM) |
5.14 $
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| Cash Flow (TTM) |
- |
| Cash |
89.7 $
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| Book Value |
20.04 $
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| Dividend (TTM) |
1.58 $ |
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| Per Share |
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| Earnings (TTM) |
1.44 $
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| Revenues (TTM) |
5.14 $ |
| Cash Flow (TTM) |
- |
| Cash |
89.7 $
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| Book Value |
20.04 $ |
| Dividend (TTM) |
1.58 $ |
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