Two Harbors Investment Corp. Stock News

Two Harbors' new TWOD baby bond offers a 9.375% yield but carries below single-B credit risk. Two Harbors has underperformed both its sector and the S&P 500, raising concerns despite recent management changes and analysts' optimism. Interest coverage for TWOD is currently decent, but sector and fixed-income comparisons suggest better alternatives exist from healthier companies.

We take a look at the action in preferreds and baby bonds through the second week of May and highlight some of the key themes we are watching. Preferred stocks saw gains as sector spreads tightened, and Treasury yields stabilized, with average yields just below 7%. Two Harbors plans to list a 9.325% 2030 bond, offering an attractive yield relative to its preferreds.

NEW YORK--(BUSINESS WIRE)---- $TWO #TWO--TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders.

NEW YORK--(BUSINESS WIRE)---- $TWO #TWO--TWO Announces Pricing of Public Offering of Senior Notes.

Two Harbors Investment Corp.'s share price crashed in April, but has since shown signs of a profound recovery. Two Harbors Investment's portfolio includes $3.0B in mortgage servicing rights, which may decline in value as federal fund rates decline. A heavy MBS focus should help the REIT's securities revalue higher once the Federal Reserve pushes ahead with rate cuts.

We take a look at the action in preferreds and baby bonds through the fourth week of April and highlight some of the key themes we are watching. Preferred stocks had a strong week, driven by lower Treasury yields and credit spreads, with the sector average yield now below 7%. Evaluating preferreds requires forward yield analysis due to varying payment terms and potential shifts in coupon.

Two Harbors Investment Corp. (NYSE:TWO ) Q1 2025 Results Conference Call April 29, 2025 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President & Chief Executive Officer Nick Letica - Chief Investment Officer William Dellal - Chief Financial Officer Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Eric Hage...

NEW YORK--(BUSINESS WIRE)---- $two #TWO--TWO Reports First Quarter 2025 Financial Results.