Mortgage REITs Dip Lower Amid Financing Challenges

Date : 03/19/2020 @ 3:09PM
Source : Dow Jones News
Stock : Two Harbors Investment Corporation (TWO)
Quote : 3.15  0.73 (30.17%) @ 11:37PM
Two Harbors Investment share price Chart
After Hours
Last Trade
Last $ 3.50 ▲ 0.35 (11.11%)

Mortgage REITs Dip Lower Amid Financing Challenges

Two Harbors Investment (NYSE:TWO)
Historical Stock Chart

1 Month : From Mar 2020 to Apr 2020

Click Here for more Two Harbors Investment Charts.

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


(END) Dow Jones Newswires

March 19, 2020 10:54 ET (14:54 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TWO Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200406 22:53:34