TWO

Two Harbors Investment
TWO
Market cap $1.23B

11.87 USD

-0.55

4.43%

At close Apr 30, 4:00 PM EDT

After hours

11.99

+0.12

1.01%

1 day

-4.43%

5 days

4.21%

1 month

-11.15%

3 months

-5.49%

6 months

0.94%

Year to date

-1.00%

1 year

-6.02%

5 years

-35.07%

10 years

-85.87%

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 7,425 funds

0

Analysts bullish %

of 4 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

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Research analyst outlook

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

Low target

$10.50

12%

downside

Avg. target

$12.56

6%

upside

High target

$13.50

14%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

Keefe, Bruyette & Woods Bose George 51% 1-year accuracy 23 / 45 met price target	12%upside $13.25	Market Perform Maintained	30 Apr 2025
JMP Securities Trevor Cranston 15% 1-year accuracy 4 / 26 met price target	14%upside $13.50	Market Outperform Maintained	17 Apr 2025
JP Morgan Richard Shane 44% 1-year accuracy 28 / 64 met price target	12%downside $10.50	Neutral Maintained	16 Apr 2025
RBC Capital Kenneth Lee 27% 1-year accuracy 15 / 56 met price target	10%upside $13	Sector Perform Maintained	13 Feb 2025

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about TWO published over the past 30 days

Two Harbors Investment Corp. (TWO) Q1 2025 Earnings Call Transcript

Two Harbors Investment Corp. (NYSE:TWO ) Q1 2025 Results Conference Call April 29, 2025 9:00 AM ET Company Participants Maggie Karr - Head, Investor Relations Bill Greenberg - President & Chief Executive Officer Nick Letica - Chief Investment Officer William Dellal - Chief Financial Officer Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Eric Hagen - BTIG Harsh Hemnani - Green Street AJ Oden - JPMorgan Merrill Ross - Compass Point Research Operator Good morning. My name is Cynthia, and I will be your conference facilitator.

Two Harbors Investment Corp. (TWO) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Two Harbors Investments (TWO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Two Harbors Investments (TWO) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Two Harbors Investments (TWO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

TWO Reports First Quarter 2025 Financial Results

NEW YORK--(BUSINESS WIRE)---- $two #TWO--TWO Reports First Quarter 2025 Financial Results.

TWO Reports First Quarter 2025 Financial Results

What I Wish I Knew Before Investing In High-Yield Stocks

Why some 'safe' 10%+ yields can quietly destroy your portfolio. The hidden dangers lurking inside high-dividend covered call ETFs. How to build an unstoppable dividend machine, while avoiding costly traps.

What I Wish I Knew Before Investing In High-Yield Stocks

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

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