TWO

Two Harbors Investment

TWO

Market cap $1.04B

Overview Fund Activity

10.03 USD

+0.05

0.5%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

10.16

+0.13

1.3%

1 day

0.5%

5 days

-1.47%

1 month

0.1%

3 months

-5.82%

6 months

-27.63%

Year to date

-16.35%

1 year

-28.87%

5 years

-52.95%

10 years

-86.79%

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 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

76% more call options, than puts

Call options by funds: $6.05M | Put options by funds: $3.44M

3.57% more ownership

Funds ownership: 65.75% [Q1] → 69.32% (+3.57%) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 67

8% less funds holding

Funds holding: 219 [Q1] → 202 (-17) [Q2]

15% less capital invested

Capital invested by funds: $913M [Q1] → $777M (-$135M) [Q2]

37% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 38

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$11

10% upside

Avg. target

$11.5

15% upside

High target

$12

20% upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

UBS Douglas Harter	$11	Buy Maintained	3 Sep 2025
Maxim Group Michael Diana	$12	Buy Maintained	29 Jul 2025

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about TWO published over the past 30 days

24/7 Wall Street

5 REITs Paying Jaw-Dropping 10%+ Yields And Pay Cash Monthly

5 REITs Paying Jaw-Dropping 10%+ Yields And Pay Cash Monthly

Preferreds Weekly Review: The Mystery Of ANG.PR.B May Be Solved

We take a look at the action in preferreds and baby bonds through the fourth week of August and highlight some of the key themes we are watching. Preferreds credit spreads are near 5-year lows with yields on a downward trajectory as well. American Equity Life's ANG.PR.B preferred is likely to be redeemed soon, offering limited downside and extra accrued interest for holders.

Preferreds Weekly Review: The Mystery Of ANG.PR.B May Be Solved

24/7 Wall Street

5 Top-Yield Dividend Picks To Generate Passive Income Today

As noted by CEO Brian Sedrish, “As market activity rebounds, we're seeing more transaction volume and increased demand for financing among borrowers seeking capital for both acquisitions and refinancings.

5 Top-Yield Dividend Picks To Generate Passive Income Today

Powell Pivot Sparks REIT Rebound

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

Powell Pivot Sparks REIT Rebound

TWO Provides Business Update

NEW YORK--(BUSINESS WIRE)--TWO Provides Business Update: Announces Resolution of Litigation and Third Quarter 2025 Common and Preferred Stock Dividends.

TWO Provides Business Update

Two Harbors: A Costly Court Loss, But A Contrarian Play?

Two Harbors suffered a major legal loss in May, which created a near-term uncertainty due to a $199 million liability from its manager dispute. Dividend coverage remains weak, with recurring earnings unable to fully support payouts; further cuts are possible unless earnings rebound or funding costs drop. Core portfolio performance is stable, with MSR and Agency MBS hedging working, but high operating costs and expensive new debt weigh on returns.

Two Harbors: A Costly Court Loss, But A Contrarian Play?

Assessing Two Harbors' Performance For Q2 2025

TWO reported a severe 17.2% BV decrease, underperforming my expectations, mainly due to a negative legal ruling and hedging decisions. Core earnings/EAD modestly outperformed, driven by lower net interest expense, higher servicing income, and effective hedging income. Despite the BV drop, I maintain a 4.5 risk/performance rating, as most negative impacts were anticipated and already reflected in my prior downgrade.

Assessing Two Harbors' Performance For Q2 2025

24/7 Wall Street

5 High-Yield Dividend Stocks Paying Investors Over 10% Every Year

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

5 High-Yield Dividend Stocks Paying Investors Over 10% Every Year

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-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 Spotlight On 3 Financial Stocks Delivering High-Dividend Yields

Two Harbors Investment Corp. (TWO) Q2 2025 Earnings Call Transcript

Two Harbors Investment Corp. (NYSE:TWO ) Q2 2025 Earnings Conference Call July 29, 2025 9:00 AM ET Company Participants Margaret Field Karr - Head of Investor Relations Nicholas Letica - VP & Chief Investment Officer William Dellal - VP & Chief Financial Officer William Ross Greenberg - President & CEO Conference Call Participants Bose Thomas George - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Harsh Hemnani - Green Street Advisors, LLC, Research Division Jason Michael Stewart - Janney Montgomery Scott LLC, Research Division Jason Price Weaver - JonesTrading Institutional Services, LLC, Research Division Kenneth S. Lee - RBC Capital Markets, Research Division Richard Barry Shane - JPMorgan Chase & Co, Research Division Trevor John Cranston - Citizens JMP Securities, LLC, Research Division Operator Good morning.

Two Harbors Investment Corp. (TWO) Q2 2025 Earnings Call Transcript

See News Rankings

Charts implemented using Lightweight Charts™