TWO
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
3% more funds holding
Funds holding: 205 [Q2] → 212 (+7) [Q3]
3% more capital invested
Capital invested by funds: $896M [Q2] → $919M (+$24M) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 72
1.01% less ownership
Funds ownership: 65.52% [Q2] → 64.5% (-1.01%) [Q3]
28% less call options, than puts
Call options by funds: $3.07M | Put options by funds: $4.25M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11.50
3%
downside
Avg. target
$13.19
11%
upside
High target
$14.75
24%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Compass Point Merrill Ross 33% 1-year accuracy 4 / 12 met price target | 24%upside $14.75 | Buy Maintained | 25 Nov 2024 |
RBC Capital Kenneth Lee 69% 1-year accuracy 45 / 65 met price target | 1%upside $12 | Sector Perform Maintained | 1 Nov 2024 |
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 3%downside $11.50 | Neutral Maintained | 30 Oct 2024 |
JMP Securities Trevor Cranston 40% 1-year accuracy 10 / 25 met price target | 22%upside $14.50 | Market Outperform Maintained | 17 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
3 days ago
TWO Announces Fourth Quarter 2024 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)--TWO Announces Fourth Quarter 2024 Common and Preferred Stock Dividends.
Neutral
Seeking Alpha
1 week ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Neutral
Zacks Investment Research
1 month ago
Two Harbors Plunges 10.9% in a Month: Should You Buy the Dip?
TWO's lucrative dividend yield and favorable long-term prospects are encouraging. Read on to know whether to buy the stock now or wait for a better entry point.
Neutral
Business Wire
1 month ago
TWO Announces Appointment of Travis Swenson and Plan for Chief Financial Officer Transition
NEW YORK--(BUSINESS WIRE)--TWO Announces Appointment of Travis Swenson and Plan for Chief Financial Officer Transition.
Neutral
Seeking Alpha
1 month ago
Undercovered Dozen: Dassault Systemes, Intrum, Itochu, Two Harbors +
The Undercovered Dozen series on Seeking Alpha highlights 12 articles focusing on lesser-known stocks, encouraging community discussion and investment ideas. This week's articles examine various companies, including Horizon Technology Finance, which offers an 8.19% yield on its baby bonds, and 23andMe, facing liquidity pressures and operational instability. Other featured companies include Nano One, noted for its promising technology and strategic alliances, and Medpace, viewed as a strong long-term buy despite short-term growth concerns.
Positive
Zacks Investment Research
1 month ago
Down -9.4% in 4 Weeks, Here's Why Two Harbors Investments (TWO) Looks Ripe for a Turnaround
Two Harbors Investments (TWO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Positive
Zacks Investment Research
1 month ago
Is Two Harbors Investments Corp (TWO) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
24/7 Wall Street
1 month ago
These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).
Negative
Seeking Alpha
1 month ago
Two Harbors: Weak Earnings
Two Harbors Investment Corp. is highly sensitive to interest rate changes, with Q3 earnings weak and dividend coverage increasingly opaque. The company's focus on mortgage servicing rights (MSRs) aims to reduce exposure to rate changes, but earnings indicate underlying issues. Q3 comprehensive income was $19.3 million, with a net loss of $250.2 million, with very little earnings available for distribution, raising concerns about dividend sustainability.
Neutral
Seeking Alpha
1 month ago
Two Harbors Investment Corp. (TWO) Q3 2024 Earnings Call Transcript
Two Harbors Investment Corp. (NYSE:TWO ) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President and CEO Nick Letica - Chief Investment Officer William Dellal - Interim Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Jason Stewart - Janney Rick Shane - JPMorgan Trevor Cranston - Citizens JMP Eric Hagen - BTIG Harsh Hemnani - Green Street Operator Please stand by. Good morning.
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