Additional information concerning these and other risk factors is contained in the company’s most recent filings with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements concerning the company or matters attributable to the company or any person. Additional information regarding the Reverse Stock Split, including answers to frequently asked questions, is available on the company’s website at Before and after the reverse stock split, you had the same 0.10% ownership percentage of Company X.
The company’s Board of Directors believes that increasing the market price per share of the company’s common stock through the reverse stock split may broaden the range of potential investors, thereby potentially improving the market for and liquidity of the company’s common stock. Symbolism is defined as the practice of representing things by symbols, or of investing things with a symbolic meaning or character. The use of symbols in communication is an ancient practice, often used to convey messages without words. When it comes to businesses and organizations, symbols serve as a way to represent the company’s mission, values, and identity.
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.
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.
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.
TWO Two Harbors Investment Corp.Stock Price & Overview
The combination of colors, shapes, and fonts represent the company’s core values and its commitment to providing its clients with reliable services and products. The logo speaks to the company’s connection to nature and the city of Two Harbors, Minnesota, as well as its dedication to creating long-term value for its investors. Two Harbors Investment’s stock is owned by a variety of retail and institutional investors.
This form will be posted to the company’s Investor Relations website within 45 days from when the reverse stock split becomes effective. No fractional shares were issued in connection with the reverse stock split. Instead, each stockholder of record holding fractional shares was entitled to receive, in lieu of such fractional shares, cash in an amount based on the volume weighted average price of the company’s common stock on the NYSE on November 1, 2022. The reverse stock split applied to all of the company’s authorized and outstanding shares of common stock as of the Effective Time. On November 1, 2022 (the “Effective Time”), Two Harbors effected a 1-for-4 reverse stock split on all outstanding shares of the company’s common stock.
The story behind the Two repo rate logo begins with the vision of its founder, William R. Harrison. Harrison was a pioneer in the real estate industry, and he wanted to create a company that would provide long-term value to its investors. He believed that by focusing on creating strong relationships with its partners and investing in quality properties, the company could achieve success. 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. REITRating™ is REITNotes’ Real Estate Investment Trust industry-specific rating and ranking system.
You own 1,000 shares of Company X, which has 1,000,000 shares of common stock outstanding (or a 0.10% percentage ownership in the company). Registered holders with shares held only electronically in book-entry form and a deliverable physical address on the records of Equiniti do not need to take any action to receive post-split shares. Beneficial holders with shares held in a brokerage, bank, trust or other similar institutions do not need to take any action to receive post-split shares. In connection with the reverse stock split, the number of shares of common stock that the company is authorized to issue decreased from 700 million to 175 million. The Two Harbors Investments Corp logo is a powerful symbol that conveys a clear message of unity, strength, and security.
Two Harbors Investment MarketRank™ Forecast
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.
- 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.
- 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.
- 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 …
- Looking at another peer, we see that Invesco Mortgage Capital Inc. price has gained 1.93% on the day.
- Stockholders that hold shares directly with the company’s transfer agent, Equiniti Trust Company (“Equiniti”), are considered registered stockholders.
Since then, TWO stock has decreased by 11.7% and is now trading at $13.93. Sign-up to receive the latest news and ratings for Two Harbors Investment and its competitors with MarketBeat’s FREE daily newsletter. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Two Harbors does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Two Harbors Investment Corp. Announces Third Quarter 2022 Preliminary Financial Results
Two Harbors Investment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. The conversion rate of Two Harbors 6.25% Convertible Senior Notes due 2026 was automatically be adjusted as a result of the reverse stock split in accordance with the terms of the applicable indenture governing such convertible notes. No action on the part of a holder of any convertible notes is required in order to effect the adjustment. There are several types of REITs, including mortgage REITs such as Two Harbors, which invest in real estate debt. To learn more about REITs and other industry topics, please visit the Webinars section of our website, by clicking here. The history of the Two Harbors Investments Corp logo dates back to its founding in 1999.
The company’s portfolio of mortgage servicing rights allows the company to capitalize on its experience in mitigating credit risk and is supported by a robust pipeline of new business. Originators provide new business on a continual basis as new loans are created. The company may also buy bundled loans from originators or other mortgage loan owners in order to earn fees for services. A reverse stock split is a corporate action in which a company proportionately reduces the total number of its authorized and outstanding shares. A reverse stock split is a corporate action in which a company proportionately reduces the total number of its outstanding shares. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review.
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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.
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.
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.
Accordingly, the proportionate ownership of Two Harbors did not change as a result of the Reverse Stock Split. Holders of Two Harbors common stock who held their shares through a broker, bank or other nominee would have had their brokerage account credited with shares of Granite Point common stock, less any such shares as may be withheld in respect of withholding taxes. For additional information, those stockholders should contact their broker, bank or other nominee directly. To view Two Harbors’ historical dividend information, please visit the Dividend History page. Stockholders that hold shares directly with the company’s transfer agent, Equiniti Trust Company (“Equiniti”), are considered registered stockholders.
Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. The company’s focus on agency-backed RMBS provides a level of safety because the principal and interest are backed by Fannie Mae, Freddie Mac, or other government agencies. In the past three months, Two Harbors Investment insiders have sold more of their company’s stock than they have bought.
Picks in Mortgage REITs for Better Returns
These may include non-agency securities and mortgage servicing rights as well as other financial assets (about 5% to 10% of the portfolio). The fund’s strategy of pairing a mortgage servicing business with an RMBS portfolio is unique in the industry and provides many advantages for investors that include reducing exposure to interest rate fluctuations and their impact on mortgage spread. Two Harbors Investment Corp. is an externally managed REIT focused on the US residential mortgage market. The company strives to produce risk-adjusted returns by managing a portfolio of RMBS and other loans paired with a mortgage servicing business. The company delivers returns in the form of dividends primarily with a secondary goal of capital growth.
Further, Two https://1investing.in/. has a beta value of 1.75, and an average true range of 0.37. Analysts have given the company’s stock an average 52-week price target of $16.56, forecast between a low of $14.50 and high of $19.00. Looking at the price targets, the low is -4.32% off recent price level in today’s trading while to achieve the yearly target high, it has to move -36.69%. Nonetheless, investors will most likely welcome a -18.71% jump to $16.50 which is the analysts’ median price.
- The Reverse Stock Split had the effect of reducing the total number of Two Harbors’ issued and outstanding common stock by half, from approximately 349 million shares to approximately 175 million shares.
- An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.
- The logo has become a symbol of the company’s core values and its commitment to creating long-term value for its clients.
- According to 7 analysts, the average rating for TWO stock is “Buy.” The 12-month stock price forecast is $16.5, which is an increase of 18.45% from the latest price.
Stockholders and other interested individuals can also sign up for Investor Alerts about upcoming webcasts, conference calls and other company events. The combination of colors, shapes, and font represent the company’s core values and its commitment to providing its clients with reliable services and products. The bold font conveys the company’s ambition and determination to succeed, and it speaks to the company’s dedication to providing its clients with quality services and products. In the market, a comparison of Two Harbors Investment Corp. and its peers suggest the former has performed considerably stronger. Data shows TWO’s intraday price has changed 0.32% today and -26.82% over the past year. Comparatively, Chimera Investment Corporation has moved 0.72% so far today and only -41.59% in the past 12 months.
The circular shape is a metaphor for the idea of “coming full circle” – the concept of returning to the same point from which one started. Finally, the font speaks to the company’s ambition and determination to succeed. The logo speaks to the company’s dedication to building strong relationships with its investors and partners.
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.
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).
It also serves as a metaphor for the idea of “coming full circle” – the concept of returning to the same point from which one started. This is reflective of the company’s commitment to creating lasting relationships with its investors and partners. Get an in-depth profile of Two Harbors Investments Corp, including a general overview of the company’s business and key management, as well as employee data and location and contact information.