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Two Harbors Investment Corp. Announces First Quarter 2024 Common and Preferred Stock Dividends
Business Wire (Wed, 20-Mar 4:15 PM ET)
Two Harbors Investment Corp. Appoints Sanjiv Das as Director
Business Wire (Mon, 4-Mar 4:15 PM ET)
Business Wire (Mon, 26-Feb 4:15 PM ET)
Two Harbors Investment Corp. Announces 2024 Annual Meeting of Stockholders
Business Wire (Tue, 20-Feb 4:15 PM ET)
Two Harbors Investment Corp. Announces Retirement of Chief Financial Officer
Business Wire (Mon, 5-Feb 4:15 PM ET)
Two Harbors Investment Corp. Reports Fourth Quarter 2023 Financial Results
Business Wire (Mon, 29-Jan 4:15 PM ET)
Two Harbors Investment Corp. Announces 2023 Dividend Tax Information
Business Wire (Wed, 24-Jan 4:15 PM ET)
Business Wire (Tue, 16-Jan 4:15 PM ET)
Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
Two Harbors Investment trades on the NYSE stock market under the symbol TWO.
As of March 28, 2024, TWO stock price climbed to $13.26 with 446,981 million shares trading.
TWO has a beta of 2.51, meaning it tends to be more sensitive to market movements. TWO has a correlation of 0.49 to the broad based SPY ETF.
TWO has a market cap of $1.37 billion. This is considered a Small Cap stock.
Last quarter Two Harbors Investment reported $-46 million in Revenue and -$.11 earnings per share. This fell short of revenue expectation by $-28 million and missed earnings estimates by -$.05.
In the last 3 years, TWO stock traded as high as $32.60 and as low as $9.83.
The top ETF exchange traded funds that TWO belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.
TWO has underperformed the market in the last year with a return of +7.9%, while the SPY ETF gained +33.7%. In the last 3 month period, TWO fell short of the market, returning -3.7%, while SPY returned +10.2%. However, in the most recent 2 weeks TWO has outperformed the stock market by returning +2.1%, while SPY returned +1.7%.
TWO support price is $12.99 and resistance is $13.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TWO stock will trade within this expected range on the day.