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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
408% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $2.51M
91% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 23
8% more capital invested
Capital invested by funds: $842M [Q4 2024] → $912M (+$69.5M) [Q1 2025]
8% more funds holding
Funds holding: 202 [Q4 2024] → 218 (+16) [Q1 2025]
0% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 69
2.97% less ownership
Funds ownership: 68.65% [Q4 2024] → 65.68% (-2.97%) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Kenneth Lee | 11%upside $12 | Sector Perform Maintained | 28 May 2025 |
UBS Douglas Harter | 20%upside $13 | Buy Maintained | 1 May 2025 |
Keefe, Bruyette & Woods Bose George | 23%upside $13.25 | Market Perform Maintained | 30 Apr 2025 |
JMP Securities Trevor Cranston | 25%upside $13.50 | Market Outperform Maintained | 17 Apr 2025 |
JP Morgan Richard Shane | 3%downside $10.50 | Neutral Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 8 articles about TWO published over the past 30 days









