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 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
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
JMP Securities Trevor Cranston 76% 1-year accuracy 16 / 21 met price target | 12%upside $14.50 | Market Outperform Maintained | 17 Oct 2024 |
Compass Point Merrill Ross 90% 1-year accuracy 9 / 10 met price target | 22%upside $15.75 | Buy Initiated | 3 Oct 2024 |
JMP Securities Trevor Cranston 76% 1-year accuracy 16 / 21 met price target | 16%upside $15 | Market Outperform Reiterated | 28 Aug 2024 |
Janney Montgomery Scott Jason Stewart 58% 1-year accuracy 7 / 12 met price target | 16%upside $15 | Buy Initiated | 16 Aug 2024 |
Financial journalist opinion
Based on 6 articles about TWO published over the past 30 days