Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Two Harbors Investment Corp    

TWO HARBORS INVESTMENT CORP
Mes dernières consult.
Most popular
Report
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TWO HARB : Two Harbors Investment Corp. to Target Completion of a $250 Million RMBS Securitization in 2011

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2011 | 02:35pm CET

Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) announced today that it has taken the first step toward setting up a securitization issuance program by partnering with Barclays Bank PLC to close on a $100 million mortgage loan warehouse facility, subject to future increase. The facility will be used to aggregate prime jumbo residential mortgage loans that the company will acquire from select mortgage loan originators with whom it has chosen to build strategic relationships, including those with a nationwide presence. Two Harbors is targeting a $250 million deal size for its initial securitization, with Barclays Capital acting as underwriter.

"This program is a natural expansion of our current business model and will serve to complement and enhance the Two Harbors' MBS brand," said Thomas Siering, Two Harbors' President and Chief Executive Officer. "We believe we can create mortgage credit investments at attractive yields resulting from high-quality loan origination and securitization while further extending the runway for the non-Agency allocation in our portfolio. It is an exciting development in our ongoing mission to balance risk and reward in the mortgage sector for the benefit of our shareholders."

About Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities. Two Harbors is headquartered in Minnetonka, Minnesota, and is externally managed and advised by PRCM Advisers, LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. Additional information is available at www.twoharborsinvestment.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "target," "believe," "will," "create," "project," "anticipate," "intend," "plan," "may," "could," "should," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Factors that could cause actual results to differ include a failure or inability to acquire mortgage loans as planned, a failure or inability to securitize mortgage loans that are acquired, a failure or inability to build successful relationships with loan originators, changes in interest rates, the impact of new legislation or regulatory changes on our operations, and unanticipated changes in overall market and economic conditions.

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. Additional information concerning these and other risk factors is contained in Two Harbors' most recent filings with the Securities and Exchange Commission ("SEC"). All subsequent written and oral forward looking statements concerning Two Harbors or matters attributable to Two Harbors or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

Additional Information

Stockholders and warrant holders of Two Harbors, and other interested persons, may find additional information regarding the company at the Securities and Exchange Commission's Internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 601 Carlson Parkway, Suite 330, Minnetonka, MN 55305, telephone 612-238-3300.

Two Harbors Investment Corp.
Anh Huynh, 212-364-3221
Investor Relations


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TWO HARBORS INVESTMENT COR
12/14 TWO HARBORS INVESTMENT CORP. : Announces Estimated 2017 Dividend Tax Information
12/14 TWO HARBORS INVESTMENT CORP. : Announces Fourth Quarter 2017 Common and Preferre..
12/04 TWO HARBORS INVESTMENT CORP. (NYSE : TWO) Files An 8-K Regulation FD Disclosure
12/04 TWO HARBORS INVESTMENT CORP. : Regulation FD Disclosure, Financial Statements an..
11/23 TWO HARBORS INVESTMENT CORP. (NYSE : TWO) Files An 8-K Entry into a Material Def..
11/22 TWO HARBORS INVESTMENT CORP. : Entry into a Material Definitive Agreement, Mater..
11/16 TWO HARBORS INVESTMENT CORP. : Prices Public Offering of Series C Preferred Stoc..
11/16 TWO HARBORS INVESTMENT CORP. (NYSE : TWO) Files An 8-K Other Events
11/16 TWO HARBORS INVESTMENT CORP. : Other Events, Financial Statements and Exhibits (..
11/16 TWO HARBORS INVESTMENT CORP. : Announces Conversion Rate Adjustments for its Con..
More news
News from SeekingAlpha
11/10 Two Harbors Investment Corp. 2017 Q3 - Results - Earnings Call Slides
11/09 TWO HARBORS : A Massive Discount-To-Book
11/08 Two Harbors Investment's (TWO) CEO, Tom Siering on Q3 2017 Results - Earnings..
11/07 REITS Romp Atop Russell Indices  November Net Gains
11/07 Earnings dip, book value rises at Two Harbors
Financials ($)
Sales 2017 452 M
EBIT 2017 250 M
Net income 2017 255 M
Debt 2017 16 808 M
Yield 2017 13,9%
P/E ratio 2017 11,36
P/E ratio 2018 8,73
EV / Sales 2017 43,5x
EV / Sales 2018 57,2x
Capitalization 2 883 M
Chart TWO HARBORS INVESTMENT COR
Duration : Period :
Two Harbors Investment Cor Technical Analysis Chart | US90187B1017 | 4-Traders
Technical analysis trends TWO HARBORS INVESTMENT COR
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 17,4 $
Spread / Average Target 5,2%
EPS Revisions
Managers
NameTitle
Thomas Edwin Siering President, Chief Executive Officer & Director
Brian Curtis Taylor Chairman
Brad Farrell Chief Financial Officer & Treasurer
Jeffrey Hurley Chief Technology Officer & Managing Director
Stephen Garfield Kasnet Non-Executive Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TWO HARBORS INVESTMENT CORP-12.04%2 883
AVALONBAY COMMUNITIES INC2.91%25 084
EQUITY RESIDENTIAL1.97%24 129
ESSEX PROPERTY TRUST INC6.66%16 484
MID-AMERICA APARTMENT COMMUNITIES INC4.75%11 715
UDR, INC.7.18%10 539