Two Harbors Investments Corp is a publicly traded mortgage real estate investment trust (REIT) based in New York City. The company specializes in investing in residential mortgage-backed securities (RMBS) and other mortgage-related assets. Two Harbors Investments Corp is one of the leading REITs in the United States, and its symbol is TWO. The company is listed on the New York Stock Exchange (NYSE).
History of Two Harbors Investments Corp
Two Harbors Investments Corp was founded in 2009 by Tom Siering and Bill Roth, two former executives at mortgage giant Fannie Mae. The company was initially focused on investing in distressed mortgage assets and has since grown to become one of the largest REITs in the United States. In 2012, Two Harbors was the first REIT to go public, and its stock has since been listed on the NYSE.
Two Harbors Investment Corp’s Business Strategy
Two Harbors Investment Corp’s business strategy is focused on generating consistent, long-term returns by investing in mortgage-related assets. The company seeks to acquire and hold high-quality assets while managing risk through diversification. Two Harbors invests in both RMBS and other mortgage-related assets, such as servicing rights, non-agency residential mortgage-backed securities, and whole loans. The company also provides mortgage-related services, including loan origination, asset management, and securitization.
Two Harbors Investment Corp’s Financial Performance
Two Harbors Investment Corp has reported positive financial performance in recent years. The company has recorded steadily growing revenue and profits since its initial public offering in 2012. In 2020, the company reported revenue of $1.05 billion and net income of $633 million. Two Harbors Investment Corp also has a strong balance sheet, with total assets of $14.6 billion and total liabilities of $5.5 billion.
The Two Harbors Investment Corp Stock Price
The Two Harbors Investment Corp stock price has performed well in recent years. Since its initial public offering in 2012, the stock price has increased steadily, and the company’s market capitalization has grown to over $7 billion. The stock is currently trading at around $14 per share and has a dividend yield of 8.1%.
Two Harbors Investment Corp’s Dividend Policy
Two Harbors Investment Corp pays quarterly dividends to its shareholders. The company has a long history of increasing its dividend payments, and it has paid increasing dividends for the past nine consecutive quarters. The current quarterly dividend is $0.20 per share, which translates to an annual dividend yield of 8.1%.
Two Harbors Investment Corp’s Shareholder Structure
Two Harbors Investment Corp has a diverse shareholder base, with the top ten shareholders accounting for approximately 40% of the company’s shares. The company’s largest shareholder is the Vanguard Group, which owns approximately 11% of the company’s shares. Other major shareholders include BlackRock, Fidelity, and State Street Global Advisors.
Conclusion
Two Harbors Investment Corp is a leading REIT that is listed on the NYSE under the symbol TWO. The company has a long history of generating consistent returns through investments in mortgage-related assets, and its stock price has increased steadily since its initial public offering in 2012. Two Harbors Investment Corp also pays a quarterly dividend to its shareholders, and its current dividend yield is 8.1%. The company has a diverse shareholder base, with the top ten shareholders accounting for approximately 40% of the company’s shares.