Two Harbors Investment
About: Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
Employees: 466
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
44% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 25
3% more funds holding
Funds holding: 205 [Q2] → 212 (+7) [Q3]
3% more capital invested
Capital invested by funds: $899M [Q2] → $923M (+$24.2M) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 72
1.01% less ownership
Funds ownership: 65.76% [Q2] → 64.75% (-1.01%) [Q3]
35% less call options, than puts
Call options by funds: $3.33M | Put options by funds: $5.12M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Compass Point Merrill Ross 36% 1-year accuracy 4 / 11 met price target | 30%upside $14.75 | Buy Maintained | 25 Nov 2024 |
RBC Capital Kenneth Lee 64% 1-year accuracy 38 / 59 met price target | 6%upside $12 | Sector Perform Maintained | 1 Nov 2024 |
JP Morgan Richard Shane 54% 1-year accuracy 33 / 61 met price target | 1%upside $11.50 | Neutral Maintained | 30 Oct 2024 |
JMP Securities Trevor Cranston 28% 1-year accuracy 7 / 25 met price target | 28%upside $14.50 | Market Outperform Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 4 articles about TWO published over the past 30 days