Two Harbors Investment posts Q1 comprehensive loss

Two Harbors Investment

28/04/2026 21:43

Overview

U.S. MSR-focused REIT reported Q1 comprehensive loss attributable to common stockholders

GAAP net income positive; earnings available for distribution rose from prior quarter

Outlook

Company expects merger with CrossCountry Mortgage to close in the second half of 2026

Company says Middle East conflict creates uncertainty for near-term outlook of risk assets

Company says widening of spreads has improved return potential of its portfolio

Result Drivers

MARKET VOLATILITY - Co said conflict in the Middle East led to higher rates, volatility, hedging costs and wider spreads, pressuring results

MORTGAGE SPREADS - Mortgage spreads outperformed due to GSE directive to purchase $200 bln of MBS, supporting supply/demand technicals

Company press release: ID:nBwbSbfPfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.18


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Two Harbors Investment Corp is $11.25, about 2.1% above its April 27 closing price of $11.02

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)