Two Harbors Investment
About: Two Harbors Investment Corp is a real estate investment trust 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. The majority 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: 477
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
181% more call options, than puts
Call options by funds: $4.33M | Put options by funds: $1.54M
3.88% more ownership
Funds ownership: 64.77% [Q3] → 68.65% (+3.88%) [Q4]
3% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 69
6% less funds holding
Funds holding: 214 [Q3] → 202 (-12) [Q4]
9% less capital invested
Capital invested by funds: $923M [Q3] → $842M (-$81M) [Q4]
24% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 37
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
RBC Capital Kenneth Lee 54% 1-year accuracy 31 / 57 met price target | 3%downside $13 | Sector Perform Maintained | 13 Feb 2025 |
JP Morgan Richard Shane 60% 1-year accuracy 37 / 62 met price target | 7%downside $12.50 | Neutral Maintained | 31 Jan 2025 |
JMP Securities Chris Muller 67% 1-year accuracy 6 / 9 met price target | 5%upside $14 | Market Outperform Reiterated | 23 Jan 2025 |
Financial journalist opinion
