Published on 31 Jan 2024 on GuruFocus.com via Yahoo Finance
Two Harbors Investment Corp (TWO) Reports Mixed Q4 Results Amid Market Volatility
Book Value: Reported at $15.21 per common share.Dividends: Declared a Q4 common stock dividend of $0.45 per share.Comprehensive Income: Generated $38.9 million, or $0.40 per weighted average basic common share.Income Excluding Market-Driven Value Changes (IXM): $0.39 per weighted average basic common share.Capital Management: Issued 7.0 million shares and repurchased 221,806 preferred shares.MSR Acquisitions: Settled $829.1 million UPB of MSR through flow-sale acquisitions.Annual Performance: 2023 total economic return on book value of (3.2)%.
Warning! GuruFocus has detected 7 Warning Signs with TWO.
On January 29, 2024, Two Harbors Investment Corp (NYSE:TWO) released its 8-K filing, detailing its financial results for the fourth quarter ended December 31, 2023. The company, a real estate investment trust (REIT) specializing in residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), and commercial real estate, reported a book value of $15.21 per common share and declared a fourth-quarter dividend of $0.45 per share. This represents a 2.0% quarterly economic return on book value.