TWO

Two Harbors Investment
TWO

$13.95

0.99%

Market Cap: $1.44B

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 25

36% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 56

7% more funds holding

Funds holding: 189 [Q1] → 203 (+14) [Q2]

2% less capital invested

Capital invested by funds: $901M [Q1] → $880M (-$21.1M) [Q2]

1.42% less ownership

Funds ownership: 65.83% [Q1] → 64.4% (-1.42%) [Q2]

73% less call options, than puts

Call options by funds: $3.08M | Put options by funds: $11.3M

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$13

7%

downside

Avg. target

$14.33

3%

upside

High target

$15

8%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

JMP Securities Trevor Cranston 95% 1-year accuracy 18 / 19 met price target	8%upside $15	Market Outperform Reiterated	28 Aug 2024
Janney Montgomery Scott Jason Stewart 77% 1-year accuracy 10 / 13 met price target	8%upside $15	Buy Initiated	16 Aug 2024
JP Morgan Richard Shane 70% 1-year accuracy 28 / 40 met price target	7%downside $13	Neutral Maintained	16 Jul 2024

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Financial journalist opinion

Based on 5 articles about TWO published over the past 30 days

The High Yield Desert

I frequently discuss high-yield sectors like mortgage REITs, BDCs, and preferred shares, emphasizing the importance of knowing when not to buy. Preferred shares have rallied above targets, reducing buying opportunities, while common shares offer higher risks. Some offer upside, but others mostly offer downside. I'll kick off the weekend by highlighting one with a high valuation, as investors pay top dollar for earnings that are about to melt away.

The High Yield Desert

Two Harbors Investment Corp. Announces Third Quarter 2024 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Third Quarter 2024 Common and Preferred Stock Dividends.

Two Harbors Investment Corp. Announces Third Quarter 2024 Common and Preferred Stock Dividends

Wall Street's Most Accurate Analysts Give Their Take On 3 Financials Stocks With Over 12% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Financials Stocks With Over 12% Dividend Yields

Two Harbors Investment Corp. Announces Appointments of Head of Servicing at RoundPoint and Chief Technology Officer

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. Announces Appointments of Head of Servicing at RoundPoint and Chief Technology Officer.

Two Harbors Investment Corp. Announces Appointments of Head of Servicing at RoundPoint and Chief Technology Officer

Zacks Investment Research

3 Real Estate Stocks to Grab Now on Slowing Mortgage Rates

Two Harbors (TWO), Tanger (SKT) and Dynex (DX) are three real estate stocks to look into as mortgage rates fall on imminent rate cuts.

3 Real Estate Stocks to Grab Now on Slowing Mortgage Rates

Zacks Investment Research

Best Income Stocks to Buy for August 20th

TWO, NREF, and MPW made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 20, 2024.

Best Income Stocks to Buy for August 20th

Two Harbors Investment Preferreds: Defining The Opportunity In Declining Interest Rates

Investors are considering transferring reserves from money markets to bonds due to declining interest rates. Two Harbors Investment Corporation's preferred stocks (TWO.PR.A, TWO.PR.B, TWO.PR.C) are analyzed for investment opportunities and risks. TWO.PR.B is currently trading at the steepest discount to par and may outperform in declining interest rate scenarios.

Two Harbors Investment Preferreds: Defining The Opportunity In Declining Interest Rates

Zacks Investment Research

3 Real Estate Stocks to Buy on Falling Mortgage Rates

Two Harbors (TWO), Tanger (SKT) and Dynex (DX) are three real estate stocks to look into as mortgage rates fall on the Fed's rate-cut indications.

3 Real Estate Stocks to Buy on Falling Mortgage Rates

Two Harbors to Use ICE's Encompass Digital Mortgage Platform in Servicing Retention Strategy via Direct-to-Consumer Lending Channel

ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Two Harbors Investment Corp.(NYSE:TWO) (“Two Harbors”), an MSR + Agency RMBS real estate investment trust, has selected the Encompass® digital mortgage platform to support their new direct-to-consumer recapture originations channel. Part of ICE's end-to-end digital housing finance ecosystem, Encompass is the mortgage industry's leading digital.

Two Harbors to Use ICE's Encompass Digital Mortgage Platform in Servicing Retention Strategy via Direct-to-Consumer Lending Channel

Bashing Big Yielders

Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

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