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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Two Harbors Investment Corporation | NYSE:TWO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.20 | 1.55% | 13.08 | 13.28 | 12.95 | 13.08 | 1,270,530 | 23:00:05 |
By Matt Grossman
Mortgage real-estate mortgage trust shares deepened their weekly losses Thursday morning as the Covid-19 crisis disrupts credit markets and jeopardizes commercial tenants.
Mortgage REITs were lower in early trade, with Two Harbors Investment Corp. dropping more than 8%, Starwood Property Trust Inc. declining 6%, and Blackstone Mortgage Trust felling about 4%.
The S&P 500 was trading about 1% higher.
The Wall Street Journal reported Wednesday that mortgage REITs are suffering because they rely on leverage and the Covid-19 outbreak has made it hard to find short-term funding.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
March 19, 2020 10:54 ET (14:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Two Harbors Investment Chart |
1 Month Two Harbors Investment Chart |
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