TWO

Two Harbors Investment
TWO
Market cap $1.13B

10.97 USD

+0.16

1.48%

At close Apr 17, 4:00 PM EDT

After hours

11.10

+0.13

1.19%

1 day

1.48%

5 days

1.86%

1 month

-20.85%

3 months

-8.12%

6 months

-16.00%

Year to date

-8.51%

1 year

-6.88%

5 years

-38.51%

10 years

-87.15%

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

Real Estate Mortgage REIT

0

Funds holding %

of 7,407 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

181% more call options, than puts

Call options by funds: $4.33M | Put options by funds: $1.54M

4.19% more ownership

Funds ownership: 64.43% [Q3] → 68.62% (+4.19%) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 67

6% less funds holding

Funds holding: 213 [Q3] → 201 (-12) [Q4]

8% less capital invested

Capital invested by funds: $919M [Q3] → $842M (-$76.5M) [Q4]

24% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 37

See Fund Rankings

Research analyst outlook

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

Low target

$10.50

4%

downside

Avg. target

$12.79

17%

upside

High target

$14

28%

upside

5 analyst ratings

2 positive

40%

3 neutral

60%

0 negative

0%

JMP Securities Trevor Cranston 15% 1-year accuracy 4 / 26 met price target	23%upside $13.50	Market Outperform Maintained	17 Apr 2025
JP Morgan Richard Shane 40% 1-year accuracy 26 / 65 met price target	4%downside $10.50	Neutral Maintained	16 Apr 2025
Keefe, Bruyette & Woods Bose George 48% 1-year accuracy 22 / 46 met price target	18%upside $12.95	Market Perform Maintained	8 Apr 2025
RBC Capital Kenneth Lee 13% 1-year accuracy 7 / 55 met price target	19%upside $13	Sector Perform Maintained	13 Feb 2025
JMP Securities Chris Muller 0% 1-year accuracy 0 / 9 met price target	28%upside $14	Market Outperform Reiterated	23 Jan 2025

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about TWO published over the past 30 days

High Yield Smackdown

We warned investors against high price-to-book ratios, especially in agency mortgage REITs. We've got a new batch of charts as of market close on 04/08/2025. Unfortunately, they tend to get outdated within hours. Tariffs on China drastically increased, creating uncertainty and challenges, especially for industrial REITs.

High Yield Smackdown

Let's Talk Mortgage REITs (But Not For Too Long)

A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!

Let's Talk Mortgage REITs (But Not For Too Long)

TWO Announces First Quarter 2025 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)---- $TWO #dividend--TWO Announces First Quarter 2025 Common and Preferred Stock Dividends.

TWO Announces First Quarter 2025 Common and Preferred Stock Dividends

15% Yields Want To Mug Your Dividends

Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector.

15% Yields Want To Mug Your Dividends

Two Harbors Investment: Preferred Stocks Might Be The Way To Go

Two Harbors Investment Corp. is a troubled mREIT with poor total return performance, high leverage, and recent dividend cuts, making its common stock a risky investment. The company has three preferred stocks, with TWO-A offering the best high-yield allocation due to its superior SOFR spread and calculated net present value higher than the other two. Despite higher current yields, TWO-C is overvalued compared to TWO-A and TWO-B, highlighting frequent mispricing in fixed-to-floating securities.

Two Harbors Investment: Preferred Stocks Might Be The Way To Go

9% Yields From Baby Bonds

Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.

9% Yields From Baby Bonds

TWO Announces 2025 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--TWO Announces 2025 Annual Meeting of Stockholders.

TWO Announces 2025 Annual Meeting of Stockholders

Zacks Investment Research

Are Investors Undervaluing Two Harbors Investments Corp (TWO) 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.

Are Investors Undervaluing Two Harbors Investments Corp (TWO) Right Now?

Zacks Investment Research

Best Income Stocks to Buy for January 31st

MC, RITM and TWO made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 31, 2024.

Best Income Stocks to Buy for January 31st

Two Harbors Investment Corp. (TWO) Q4 2024 Earnings Call Transcript

Two Harbors Investment Corp. (NYSE:TWO ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President & Chief Executive Officer William Dellal - Interim Chief Financial Officer Nick Letica - Chief Investment Officer Conference Call Participants Mikhail Goberman - Citizens JMP Frank Labetti - KBW Jake Katsikas - BTIG Operator Good morning. My name is Maddie, and I will be your conference facilitator.

Two Harbors Investment Corp. (TWO) Q4 2024 Earnings Call Transcript

See News Rankings

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