Dallas, Texas 01/15/2014 (FINANCIALSTRENDS) – Two Harbors Investment Corp.(NYSE:TWO) the US based Real estate Investment major, has a major focus on the residential real estate and is also seen as a financial participant in this sector. The company is holding company for Maryland Corporation and invests in mortgage backed securities for residential properties. The company has an external manger in PRCM Advisers, which in turn is a subsidiary of Pine River Capital Management. The company currently has a market cap of $3.59 billion and volumes of 2,737,736. The company stocks are in the range of $13 on a 52 week high and $8.94 when trading at 52 week low. The EPS is 1.74 and the PE is 5.70. The yield the company currently offers is 10.50 and the Dividend rate is 1.04.
Two Harbors Investment Corp.(NYSE:TWO) performs well for a hybrid mortgage company. Besides, the diverse mortgage unit’s it services; has meant that the company is poised for high interest rate. However, the major slide in the mortgage real estate scenario in the second week of January is indeed a little unexpected for market players such as Two Harbors Investment Corp.(NYSE:TWO).
The equity market slide has seen 1% dive for most of the averages on the market and the bond market was no exception. The 10 year yield it offers is expected to rise by over 3 basis points. The real estate investment sector is expected to see book values shelved and saved as the interest rates which jumped last year now show a response.
Two Harbors Investment Corp.(NYSE:TWO), Flagstar Bancrop, in December, saw a rise from the red numbers, thanks to the sale of Flagstar MSRs, with $40.7 billion of UPB to Two Harbors. This implies that over 55% of the Flagstar mortgage loan belonged to investments made for providing services to others. Flagstar with the sale will however, continue to see an income flow as well as fees. The company will continue to see action as the sub-servicer besides loans which move the MSR.