NYSE:TWO

Two Harbors Investment (TWO) Stock Forecast, Price & News

$13.59

+0.19 (+1.42%)

(As of 09/22/2023 ET)

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Today's Range: $13.42
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$13.67
50-Day Range: $12.79
▼
$14.02
52-Week Range: $11.57
▼
$18.67

Volume: 673,841 shs
Average Volume: 866,888 shs
Market Capitalization: $1.31 billion

P/E Ratio: N/A
Dividend Yield: 13.25%
Price Target: $15.19

Two Harbors Investment MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 11.8% Upside
$15.19 Price Target
Short Interest: Healthy
2.53% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.33
Based on 3 Articles This Week
Insider Trading: Selling Shares
$112,143 Sold Last Quarter
Proj. Earnings Growth: -60.00%
From $0.25 to $0.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Finance Sector

639th out of 845 stocks

Real Estate Investment Trusts Industry

139th out of 184 stocks

2.2

Analyst's Opinion

Consensus Rating
Two Harbors Investment has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.19, Two Harbors Investment has a forecasted upside of 11.8% from its current price of $13.59.
Amount of Analyst Coverage
Two Harbors Investment has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of Two Harbors Investment has been sold short.
Short Interest Ratio / Days to Cover
Two Harbors Investment has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Two Harbors Investment has recently increased by 14.22%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Two Harbors Investment is a leading dividend payer. It pays a dividend yield of 13.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Two Harbors Investment does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Two Harbors Investment will have a dividend payout ratio of 1,800.00% in the coming year. This indicates that Two Harbors Investment may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TWO.

3.0

News and Social Media Coverage

News Sentiment
Two Harbors Investment has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Two Harbors Investment this week, compared to 2 articles on an average week.
Search Interest
21 people have searched for TWO on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.
MarketBeat Follows
7 people have added Two Harbors Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Two Harbors Investment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $112,143.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Two Harbors Investment is held by insiders.
Percentage Held by Institutions
63.80% of the stock of Two Harbors Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Two Harbors Investment are expected to decrease by -60.00% in the coming year, from $0.25 to $0.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Two Harbors Investment is -26.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Two Harbors Investment is -26.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Two Harbors Investment has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Two Harbors Investment (NYSE:TWO) Stock

Two Harbors Investment Corp. is an externally managed REIT focused on the US residential mortgage market. The company strives to produce risk-adjusted returns by managing a portfolio of RMBS and other loans paired with a mortgage servicing business. The company delivers returns in the form of dividends primarily with a secondary goal of capital growth. The firm was incorporated in 2009 and is headquartered in Minnesota.

Two Harbors Investment Corp. is in business to invest in, finance, and manage a portfolio of residential mortgage-backed securities. These may include non-agency securities and mortgage servicing rights as well as other financial assets (about 5% to 10% of the portfolio). However, the bulk of the portfolio is in agency-backed RMBS. The fund's strategy of pairing a mortgage servicing business with an RMBS portfolio is unique in the industry and provides many advantages for investors that include reducing exposure to interest rate fluctuations and their impact on mortgage spread.

The company’s focus on agency-backed RMBS provides a level of safety because the principal and interest are backed by Fannie Mae, Freddie Mac, or other government agencies.

The company’s portfolio of mortgage servicing rights allows the company to capitalize on its experience in mitigating credit risk and is supported by a robust pipeline of new business. Originators provide new business on a continual basis as new loans are created. The company may also buy bundled loans from originators or other mortgage loan owners in order to earn fees for services.

Two Harbors Investment Corp. chooses to be taxed as a REIT. As such, the company distributes at least 90% of its taxable income in the form of dividends. Two Harbors Investment Corp. was externally managed until 2020. The switch to internal management better aligns the company’s goals with those of shareholders and improves the transparency of operations. Investors who wish to enroll in a share purchase or DRIP, dividend reinvestment program, should contact the company’s plan administrator, Equiniti Trust Company. Investors must be shareholders of record to participate in the plan.

TWO Price History

30 days | 90 days | 365 days | Advanced Chart

TWO Stock News Headlines

September 22, 2023 | seekingalpha.com

Two Harbors Investment declares $0.45 dividend

September 19, 2023 | finance.yahoo.com

Two Harbors Investment Corp. Announces Third Quarter 2023 Common and Preferred Stock Dividends

September 24, 2023 | Behind the Markets (Ad)

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September 11, 2023 | seekingalpha.com

Two Harbors Investment: Mark-To-Market Books Can Be Deceiving

August 14, 2023 | msn.com

RBC Capital Maintains Two Harbors Investment (TWO) Sector Perform Recommendation

August 14, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Two Harbors (TWO) and Melcor Developments (OtherMODVF)

August 11, 2023 | finance.yahoo.com

Here's How Two Harbors Can Afford Its 13% Dividend Yield

August 8, 2023 | msn.com

Citigroup Maintains Two Harbors Investment (TWO) Neutral Recommendation

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August 3, 2023 | markets.businessinsider.com

Maxim Group Sticks to Its Buy Rating for Two Harbors (TWO)

August 2, 2023 | msn.com

Credit Suisse Reiterates Two Harbors Investment (TWO) Neutral Recommendation

August 1, 2023 | seekingalpha.com

Two Harbors Investment Corp. 2023 Q2 - Results - Earnings Call Presentation

July 31, 2023 | finance.yahoo.com

Two Harbors Investment Corp. Reports Second Quarter 2023 Financial Results

July 30, 2023 | markets.businessinsider.com

Two Harbors Inv: Adapting to Change and Addressing Investor Concerns

July 21, 2023 | msn.com

JMP Securities Reiterates Two Harbors Investment (TWO) Market Outperform Recommendation

July 17, 2023 | finance.yahoo.com

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2023 Financial Results

July 12, 2023 | finance.yahoo.com

Two Harbors Investment Corp. (NYSE:TWO) is largely controlled by institutional shareholders who own 65% of the company

July 6, 2023 | markets.businessinsider.com

Two Harbors (TWO) Receives a Hold from BTIG

June 29, 2023 | forbes.com

This Stock Has A 13.13% Yield And Sells For Less Than Book

June 27, 2023 | msn.com

Two Harbors Investment (TWO) Declares $0.45 Dividend

June 23, 2023 | finance.yahoo.com

Two Harbors (TWO) Cuts Dividend by 25% to Preserve Capital

May 16, 2023 | finance.yahoo.com

Two Harbors Investment Corp. Announces Details Pertaining to the 2023 Virtual Annual Meeting of Stockholders

May 12, 2023 | msn.com

Two Harbors Investment: Wait For Dividend And Book Value To Stabilize

May 7, 2023 | finance.yahoo.com

Two Harbors Reports Another Decline In Book Value. Is the Dividend Safe?

May 4, 2023 | msn.com

Unusual Put Option Trade in Two Harbors Investment (TWO) Worth $17.25K

May 3, 2023 | finance.yahoo.com

Q1 2023 Two Harbors Investment Corp Earnings Call

May 2, 2023 | seekingalpha.com

Two Harbors Investment Corp. 2023 Q1 - Results - Earnings Call Presentation

See More Headlines

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TWO Company Calendar

Last Earnings: 5/04/2022
Ex-Dividend for 7/28 Dividend: 7/03/2023
Dividend Payable: 7/28/2023
Today: 9/24/2023
Ex-Dividend for 10/27 Dividend: 10/02/2023
Dividend Payable: 10/27/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Sector: Finance
Current Symbol: NYSE:TWO
CUSIP: 90187B10
CIK: 1465740
Web: www.twoharborsinvestment.com
Phone: (612) 453-4100
Fax: 212-364-3289
Employees: 97
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.19
High Stock Price Forecast: $19.00
Low Stock Price Forecast: $13.50
Forecasted Upside/Downside: +11.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 54.36
P/E Growth: N/A
Net Income: $220.24 million
Net Margins: 6.55%
Pretax Margin: 17.15%
Return on Equity: 7.08%
Return on Assets: 0.78%

Debt

Debt-to-Equity Ratio: 1.08
Current Ratio: 1.07
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $295.54 million
Price / Sales: 4.42
Cash Flow: $3.83 per share
Price / Cash Flow: 3.55
Book Value: $17.97 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 96,170,000
Free Float: 95,733,000
Market Cap: $1.31 billion
Optionable: Optionable
Beta: 1.76

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Key Executives

Mr. William Ross Greenberg (Age 55)
Pres, CEO & Director
Comp: $2.36M

Ms. Mary Kathryn Riskey (Age 59)
VP & CFO
Comp: $950.01k

Mr. Nicholas Letica
VP & Chief Investment Officer

Ms. Rebecca B. Sandberg (Age 51)
VP, Gen. Counsel, Sec. & Chief Compliance Officer
Comp: $1.07M

Mr. Robert Rush (Age 55)
VP & Chief Risk Officer
Comp: $969.82k

Mr. Jason Vinar (Age 44)
VP & COO

Mr. Matt Keen (Age 49)
VP & CTO

Ms. Alecia Hanson (Age 42)
VP & Chief Admin. Officer

Ms. Margaret Field Karr
Head of Investor Relations

Ms. Sheila Lichty
VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TWO Stock - Frequently Asked Questions

Should I buy or sell Two Harbors Investment stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TWO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TWO, but not buy additional shares or sell existing shares.
View TWO analyst ratings or view top-rated stocks.
What is Two Harbors Investment's stock price forecast for 2023?: 6 brokers have issued 1-year target prices for Two Harbors Investment's shares. Their TWO share price forecasts range from $13.50 to $19.00. On average, they anticipate the company's share price to reach $15.19 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for TWO or view top-rated stocks among Wall Street analysts.
How have TWO shares performed in 2023?: Two Harbors Investment's stock was trading at $15.77 at the beginning of 2023. Since then, TWO stock has decreased by 13.8% and is now trading at $13.59.
View the best growth stocks for 2023 here.
When is Two Harbors Investment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our TWO earnings forecast.
How were Two Harbors Investment's earnings last quarter?: Two Harbors Investment Corp. (NYSE:TWO) issued its earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.08. The real estate investment trust earned $22.53 million during the quarter, compared to analysts' expectations of $27.42 million. Two Harbors Investment had a trailing twelve-month return on equity of 7.08% and a net margin of 6.55%. The company's revenue was down 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS.
How often does Two Harbors Investment pay dividends? What is the dividend yield for Two Harbors Investment?: Two Harbors Investment announced a quarterly dividend on Tuesday, September 19th. Investors of record on Tuesday, October 3rd will be paid a dividend of $0.45 per share on Friday, October 27th. This represents a $1.80 annualized dividend and a yield of 13.25%. The ex-dividend date is Monday, October 2nd.
Read our dividend analysis for TWO.
What ETFs hold Two Harbors Investment's stock?: ETFs with the largest weight of Two Harbors Investment (NYSE:TWO) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), VanEck Mortgage REIT Income ETF (MORT), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), iShares Mortgage Real Estate ETF (REM) and WisdomTree Alternative Income Fund (HYIN).Global SuperDividend US ETF (DIV).
Is Two Harbors Investment a good dividend stock?: Two Harbors Investment (NYSE:TWO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 13.25%. TWO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TWO.

When did Two Harbors Investment's stock split?: Shares of Two Harbors Investment reverse split before market open on Wednesday, November 2nd 2022. The 1-4 reverse split was announced on Wednesday, November 2nd 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, November 2nd 2022. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.
What other stocks do shareholders of Two Harbors Investment own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Two Harbors Investment investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), New Residential Investment (NRZ), Washington Prime Group (WPG), Calumet Specialty Products Partners (CLMT), Summit Midstream Partners (SMLP), BlackRock Capital Investment (BKCC), Viper Energy Partners (VNOM), CBL & Associates Properties (CBL) and NovoCure (NVCR).
What is Two Harbors Investment's stock symbol?: Two Harbors Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."
Who are Two Harbors Investment's major shareholders?: Two Harbors Investment's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.27%), Allspring Global Investments Holdings LLC (5.26%), State Street Corp (3.76%), Geode Capital Management LLC (2.00%), Mirae Asset Global Investments Co. Ltd. (1.38%) and Vaughan Nelson Investment Management L.P. (1.33%). Insiders that own company stock include Alecia Hanson, Jason Vinar, Mary Kathryn Riskey, Matthew Koeppen, Nicholas Letica, Rebecca B Sandberg, Rebecca B Sandberg, Robert Rush, Stephen G Kasnet, Thomas Siering and William Ross Greenberg.
View institutional ownership trends.
How do I buy shares of Two Harbors Investment?: Shares of TWO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Two Harbors Investment's stock price today?: One share of TWO stock can currently be purchased for approximately $13.59.
How much money does Two Harbors Investment make?: Two Harbors Investment (NYSE:TWO) has a market capitalization of $1.31 billion and generates $295.54 million in revenue each year. The real estate investment trust earns $220.24 million in net income (profit) each year or ($0.51) on an earnings per share basis.
How can I contact Two Harbors Investment?: Two Harbors Investment's mailing address is 601 CARLSON PARKWAY SUITE 1400, MINNETONKA MN, 55305. The official website for the company is www.twoharborsinvestment.com. The real estate investment trust can be reached via phone at (612) 453-4100, via email at margaret.karr@twoharborsinvestment.com, or via fax at 212-364-3289.

This page (NYSE:TWO) was last updated on 9/24/2023 by MarketBeat.com Staff

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