|Bid||16.00 x 2200|
|Ask||0.00 x 1300|
|Day's range||16.94 - 17.66|
|52-week range||12.12 - 22.68|
|Beta (5Y monthly)||1.73|
|PE ratio (TTM)||3.72|
|Forward dividend & yield||2.40 (13.64%)|
|Ex-dividend date||04 Jan 2023|
|1y target est||N/A|
If you want to know who really controls Two Harbors Investment Corp. ( NYSE:TWO ), then you'll have to look at the...
Mortgage originators struggled as rising rates crushed origination volumes, while mortgage real estate investment trusts (REITs) dealt with rising rates and relative underperformance of mortgage-backed securities. This caused the stock prices of mortgage REITs to struggle and many had big losses this year. For example, Two Harbors (NYSE: TWO) is one REIT with close to a 13% yield.
Mortgage originators have struggled with declining volumes, while the mortgage real estate investment trusts (REIT) have dealt with underperformance of their most significant asset -- mortgage-backed securities (MBS). Many of these mortgage REITs have eye-popping dividend yields, but investors should be careful assuming these yields will hold up. Two Harbors (NYSE: TWO) has a high-teens dividend yield, but should investors bank on it continuing?