Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Delayed Quote. Delayed  - 08/24 10:02:03 pm
8.96 USD   -0.99%
08/03 TWO HARBORS INV : Reports Second Quarter 2016 Financial Results
07/28 TWO HARBORS INV : Conduit-Securitization Business Closing
07/28 TWO HARBORS INV : Announces Plan to Discontinue Mortgage Loan Condui..
News SummaryMost relevantAll newsSector news 

Two Harbors Investment Corp : Two Harbors Investment Corp. Completes Public Offering of Common Stock

share with twitter share with LinkedIn share with facebook
share via e-mail
02/24/2012 | 10:05pm CEST

Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today announced the completion of its public offering of 30,000,000 shares of its common stock and issuance of an additional 4,500,000 shares of common stock pursuant to the underwriters' full exercise of their over-allotment option. The total offering of 34,500,000 shares produced net proceeds of approximately $337.4 million, after deducting underwriting discounts and estimated offering expenses.

The company expects to use the net proceeds from this offering to make additional acquisitions of residential mortgage-backed securities, residential mortgage loans and residential real properties, and for other general corporate purposes.

Credit Suisse Securities (USA) LLC acted as the lead book-running manager for the offering. Barclays Capital Inc. and J.P. Morgan Securities LLC acted as book-running managers. JMP Securities LLC and Keefe, Bruyette & Woods, Inc. acted as co-managers.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the company's securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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, residential mortgage loans, residential real properties and other financial assets.

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are included in this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. The forward-looking statements made in this release include, but may not be limited to, expectations regarding use of proceeds.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our public filings with the SEC, which are available on the SEC's website at www.sec.gov.

All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

Two Harbors Investment Corp.
Christine Battist, 612-629-2507
Investor Relations

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
08/04 TWO HARBORS INVESTMENT CORP. : Announces Plan to Discontinue Mortgage Loan Condu..
08/04 TWO HARBORS INVESTMENT : Management's Discussion and Analysis of Financial Condi..
08/03 TWO HARBORS INVESTMENT CORP. : Results of Operations and Financial Condition, Fi..
08/03 TWO HARBORS INVESTMENT CORP. : Reports Second Quarter 2016 Financial Results
07/28 TWO HARBORS INVESTMENT : Conduit-Securitization Business Closing
07/28 Timothy J. Perrott Appointed Senior Director of Two Harbors Investment Corp.
07/28 TWO HARBORS INVESTMENT CORP. : Costs Associated with Exit or Disposal Activities..
07/28 TWO HARBORS INVESTMENT CORP. : Announces Plan to Discontinue Mortgage Loan Condu..
07/18 TWO HARBORS INVESTMENT CORP. : Announces Earnings Release and Conference Call fo..
07/18 TWO HARBORS INVESTMENT : Timothy J. Perrott Appointed Senior Director of Two Har..
More news
Sector news : Residential REITs
08/17DJSTOCKLAND : Profit Slips on One-offs; Strong Gains in Property Business
08/15DJPOST PROPERTIES : MAA to Buy Post Properties
08/15 MID AMERICA APARTMENT COMMUNITIES : MAA close to buying Post Properties in $4 bi..
07/26DJEQUITY RESIDENTIAL : Revises Annual Guidance, Citing Weakness in Key Markets
07/26DJEQUITY RESIDENTIAL : Revises Annual Guidance, Citing Weakness in Key Markets -- ..
More sector news : Residential REITs
News from SeekingAlpha
08/24 Thoughts On A Handful Of mREITs And The State Of The Industry (Week 45)
08/24 TWO HARBORS INVESTMENT : Dividend May Increase, Valuation Very Attractive
08/23 Annaly Capital's BV, Valuation, And Dividend Compared To 17 mREIT Peers (Post..
08/22 Quick And Dirty mREIT Discounts From August 19th, 2016
08/22 Two Harbors Investment Corp. Provides Clarity
Financials ($)
Sales 2016 408 M
EBIT 2016 92,5 M
Net income 2016 78,1 M
Debt 2016 10 287 M
Yield 2016 10,3%
P/E ratio 2016 65,93
P/E ratio 2017 8,98
EV / Sales 2016 32,8x
EV / Sales 2017 33,4x
Capitalization 3 115 M
More Financials
Duration : Period :
Two Harbors Investment Cor Technical Analysis Chart | TWO | US90187B1017 | 4-Traders
Full-screen chart
Technical analysis trends TWO HARBORS INVES...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 9,37 $
Spread / Average Target 4,5%
Consensus details
EPS Revisions
More Estimates Revisions
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
UDR, INC.-4.76%9 555
More Results