Aenergy Technical

Two Harbors Investment Corp TWO NYSE

https://1investing.in/holders should consult their tax advisors to determine the tax impact of this transaction with respect to their individual facts and circumstances. Two Harbors Investments delivered earnings and revenue surprises of -4.69% and 79.08%, respectively, for the quarter ended September 2022. We are committed to strengthening our local communities through our engagement with charitable organizations, particularly those allied with the housing sector. Our employees volunteer their time to support the efforts of community groups in Minnesota and New York.

A look at the stock’s price movement, the level at last check in today’s session was $13.86, moving within a range at $13.63 and $13.87. The beta value (5-Year monthly) was 1.75 while the PE ratio in trailing twelve months stood at 7.80. Turning to its 52-week performance, $21.84 and $12.12 were the 52-week high and 52-week low respectively. Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below. Two Harbors Investment’s stock was trading at $15.77 at the start of the year.

Upon the Effective ps agreement, every four shares of Two Harbors common stock were automatically converted into one share of common stock. As a result, stockholders must allocate the aggregate tax basis in their shares held immediately prior to the reverse stock split among the shares held immediately after the reverse stock split, including consideration of any fractional shares for which cash is received. Internal Revenue Service Form 8937, Report of Organizational Actions Affecting Basis of Securities, prepared by Two Harbors.

Two Harbors Investment Corp. Announces the Appointment of Nicholas Letica as Chief Investment Officer

Real-time analyst ratings, insider transactions, earnings data, and more. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.58 average news sentiment score of Finance companies. For example, if a stockholder owned 100 shares of Company X at $50 per share for a total value of $5,000 prior to a 1-for-4 reverse split, that stockholder would own 25 shares at $200 per share for a total value of $5,000 immediately following the reverse split. Yes, Two Harbors holds quarterly conference calls following the reporting of its financial results. Stockholders may listen to the call and access materials relating to the reporting of its financial results on the Financial Results page.

Also important is the data on short interest which shows that short shares stood at 3.24 million on Apr 13, 2023, giving us a short ratio of 2.53. The data shows that as of Apr 13, 2023 short interest in Two Harbors Investment Corp. stood at 3.35% of shares outstanding, with shares short rising to 2.76 million registered in Mar 14, 2023. Current price change has pushed the stock -11.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TWO stock continues to rise going into the next quarter. Two Harbors Investment Corp.’s market cap currently stands at around $1.34 billion, with investors looking forward to this quarter’s earnings report slated for May 01, 2023.

Two Harbors Investment Corp. | REIT Profile

Accordingly, the receipt of shares of Granite Point common stock by holders of Two Harbors common stock in the Stock Dividend was expected to be taxable for U.S. federal income tax purposes. Two Harbors Investment Corp. operates as a real estate investment trust that focuses on investing in, financing, and managing residential mortgage-backed securities , non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage ; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging…

• The circle is a universal symbol for wholeness and completeness, and this is reflective of the company’s commitment to providing long-term returns to its investors.
• Stockholders may listen to the call and access materials relating to the reporting of its financial results on the Financial Results page.
• No fractional shares were issued in connection with the reverse stock split.
• On November 1, 2027, immediately following the completion of the Stock Dividend of Granite Point shares, Two Harbors effected a one-for-two reverse stock split (“Reverse Stock Split”) on all of its outstanding shares of common stock.
• Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
• To view Two Harbors’ historical dividend information, please visit the Dividend History page.

A hold rating indicates that analysts believe investors should maintain any existing positions they have in TWO, but not buy additional shares or sell existing shares. As such, the company distributes at least 90% of its taxable income in the form of dividends. The switch to internal management better aligns the company’s goals with those of shareholders and improves the transparency of operations. Investors who wish to enroll in a share purchase or DRIP, dividend reinvestment program, should contact the company’s plan administrator, Equiniti Trust Company.

Key Stats of Trading Day April 28, 2023

Turning to the stock’s technical picture we see that short term indicators suggest on average that TWO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category. 5 equities research analysts have issued twelve-month price targets for Two Harbors Investment’s stock.

The city has a rich history and is known for its natural beauty, which is reflected in the company’s logo. The colors of the logo represent the city’s vibrant landscape, while the shape of the logo is a nod to the city’s namesake – two harbors. SAN FRANCISCO — Take-Two Interactive Software Inc. said Wednesday that first-day sales of “Grand Theft Auto V” exceeded $800 million.

Investors

Stockholders that hold their shares through a brokerage firm, bank, trust or other similar organization are considered beneficial stockholders. The technical evaluation for the stock shows the PEG ratio is 2.34, with TWO’s current price about -0.30% and -6.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index currently prints 45.65, while 7-day volatility ratio is 2.38% and 2.41% in the 30-day chart.

Specifically, they have bought $0.00 in company stock and sold $528,144.00 in company stock. Two Harbors Investment does not have a long track record of dividend growth. According to analysts’ consensus price target of $16.63, Two Harbors Investment has a forecasted upside of 19.3% from its current price of $13.93. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

Take-Two said “GTA V”, which was released on Tuesday, delivered the high… One share of TWO stock can currently be purchased for approximately $13.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. 18 people have added Two Harbors Investment to their MarketBeat watchlist in the last 30 days. Only 65 people have searched for TWO on MarketBeat in the last 30 days. MarketBeat has tracked 8 news articles for Two Harbors Investment this week, compared to 2 articles on an average week.

You will automatically receive, at your address of record, a transaction statement from Equiniti indicating the number of post-split shares held following the implementation of the reverse stock split, and, if applicable, a cash payment in lieu of any fractional shares. Direct registration system statements reflecting share ownership of such Granite Point shares were distributed by Wells Fargo Bank, N.A. Any amounts payable for cash in lieu of any fraction of a share of Granite Point common stock were also transmitted by Wells Fargo Bank, N.A. The 0.10% of Two Harbors Investment Corp.’s shares are in the hands of company insiders while institutional holders own 65.00% of the company’s shares.

Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in St. Louis Park, MN. The Reverse Stock Split was a non-taxable event to stockholders, with the exception of cash in lieu of fractional shares. Stockholders, was reduced in connection with any applicable withholding taxes.

Following the reverse stock split, a stockholder will have one-fourth the number of shares as before the split and the market value of each share will be four times the pre-split value. No fractional shares were issued in connection with the Reverse Stock Split. On November 1, 2027, immediately following the completion of the Stock Dividend of Granite Point shares, Two Harbors effected a one-for-two reverse stock split (“Reverse Stock Split”) on all of its outstanding shares of common stock. Granite Point Mortgage Trust Inc. (“Granite Point”) is a commercial mortgage REIT, formed by Two Harbors in 2017 to continue and expand the commercial real estate lending business established by Two Harbors in 2014. In connection with Granite Point’s initial public offering in June 2017, Two Harbors contributed its commercial debt assets to Granite Point in exchange for 33,071,000 shares of Granite Point common stock.

This is due to the fact that Two Harbors distributed all of the value of Granite Point to the holders of Two Harbors common stock through the Stock Dividend. The reason for effecting the Reverse Stock Split, which resulted in fewer shares of the Two Harbors common stock outstanding, was the potential to increase the market price and improve the marketability and liquidity of Two Harbors common stock. When investing in mortgage real estate investment trusts, one advantage investors should know about is that they typically have higher yields than equity REITs, and should never trade at a premium to … At Two Harbors Investment Corp., we leverage our core investment strategy, which pairs Agency residential mortgage-backed securities with mortgage servicing rights , with the objective of delivering attractive risk-adjusted returns to our stockholders over the long term. Two Harbors Investment Corp. is in business to invest in, finance, and manage a portfolio of residential mortgage-backed securities.

Insiders that own company stock include Alecia Hanson, Jason Vinar, Mary Kathryn Riskey, Matthew Koeppen, Rebecca B Sandberg, Rebecca B Sandberg, Robert Rush, Stephen G Kasnet, Thomas Siering and William Ross Greenberg. Shares of Two Harbors Investment reverse split on Wednesday, November 2nd 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, November 2nd 2022. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split. The company’s average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. The logo has become a symbol of the company’s core values and its commitment to creating long-term value for its clients.

Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. The number of shares of Two Harbors common stock that you held did not change as a result of the Stock Dividend.

CAPITALIZATION

You can elect to receive email notifications when we will press releases and make filings with the SEC filings by signing up for our Investor Alerts. Two Harbors’ press releases, events and presentations and SEC filings can be accessed through the Investors page. The company’s origin can be traced back to the city of Two Harbors, Minnesota, where Harrison began his career.

The graph below plots the overall REITRating™ score for the last trading days. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Two Harbors Investment has a short interest ratio (“days to cover”) of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Each stockholder was treated as receiving a distribution in an amount equal to the fair market value on the date of the Distribution of the Granite Point Stock received plus the fractional share of Granite Point Stock sold by the distribution agent on such stockholder’s behalf. A stockholder will have a basis in the fractional share of Granite Point Stock that was sold by the distribution agent on such stockholder’s behalf equal to the fair market value of such fractional share. The number of shares from the Stock Dividend received by certain Two Harbors common stockholders, including non-U.S. In a 1-for-4 reverse stock split, every four issued and outstanding shares of a company’s common stock are converted into one share of common stock, resulting in a proportionate increase in the stock price.

We also direct financial donations to our partner organizations through a combination of individual giving, the company’s gift matching program, and corporate contributions. TWO has a dividend yield of 18.38% and paid $2.56 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Apr 3, 2023.

The company’s founder, William R. Harrison, wanted to create a company that would provide long-term value to its investors. The colors of the logo are inspired by the lush landscape of Two Harbors, Minnesota, while the shape of the logo is a nod to the city’s namesake – two harbors. The logo is a visual representation of the company’s commitment to creating lasting relationships with its investors and partners. The Two Harbors Investments Corp logo is a powerful symbol that conveys a message of unity, strength, and security. The colors of the logo are meant to evoke feelings of trustworthiness, reliability, and stability.

The logo has become an iconic symbol in the real estate industry, and it serves as a reminder of the company’s commitment to providing its clients with quality services and products. It is a visual representation of the company’s core values and its dedication to creating long-term value for its investors. Two Harbors Investment announced a quarterly dividend on Thursday, March 23rd. Stockholders of record on Tuesday, April 4th will be paid a dividend of $0.60 per share on Friday, April 28th. Two Harbors’ common stockholders are encouraged to consult their financial advisors and tax advisors regarding the consequences of the Reverse Stock Split, including the applicability and effect of any U.S. federal, state, local or foreign tax laws. After a 1-for-2 reverse stock split, you own 500 shares of Company X, which now has 500,000 shares of common stock outstanding (or a 0.10% percentage ownership in the company).