Two Harbors Investments (TWO) Stock Price, News & Analysis

Company Overview

Two Harbors Investments Corp is a mortgage real estate investment trust (mREIT) that focuses on investing in residential mortgage-backed securities (RMBS), residential mortgage loans and related instruments in the United States. The company seeks to generate income through the spread between financing costs and interest yields, maintaining diversification across agency and non-agency RMBS as well as credit risk transfer securities issued by government-sponsored enterprises.

In addition to its core mortgage portfolio, Two Harbors invests in mortgage servicing rights and structured financing products. The firm employs hedging strategies and leverage through repurchase agreements and other secured financing to manage interest rate risk and enhance risk-adjusted returns. Its investment approach is supported by a team of mortgage finance specialists who analyze credit quality, prepayment patterns and market trends.

Founded in 2009 amid the restructuring of the U.S. mortgage market, Two Harbors has grown to become one of the nation’s largest residential mREITs. Headquartered in Minneapolis, Minnesota, the company serves institutional and individual investors seeking exposure to U.S. housing finance. Two Harbors’ common shares trade on the New York Stock Exchange under the ticker symbol TWO.

Two Harbors is led by President and Chief Executive Officer Mark E. Casavant, whose background spans mortgage finance, risk management and capital markets. The company’s board of directors and senior management bring complementary expertise in credit analysis, mortgage operations and regulatory compliance to guide strategic decision-making and uphold disciplined portfolio oversight.

Key Stats

• Today's Range: $9.76 to $10.09
• 50-Day Range: $10.01 to $12.05
• 52-Week Range: $9.76 to $14.28
• Volume: 3.85 million shs
• Average Volume: 1.65 million shs
• Market Capitalization: $1.03 billion
• P/E Ratio: N/A
• Dividend Yield: 15.81%
• Price Target: $13.00
• Consensus Rating: Hold

Two Harbors Investments Stock Analysis - MarketRank™

Two Harbors Investments scored higher than 78% of companies evaluated by MarketBeat, and ranked 365th out of 939 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Two Harbors Investments has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Two Harbors Investments has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Two Harbors Investments is -19.17, 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 Investments is -19.17, 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 Investments has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.01% of the float of Two Harbors Investments has been sold short.

Short Interest Ratio / Days to Cover

Two Harbors Investments has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Two Harbors Investments has recently decreased by 99.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Two Harbors Investments is a leading dividend payer. It pays a dividend yield of 15.39%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Two Harbors Investments has only been increasing its dividend for 1 years.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.01% of the float of Two Harbors Investments has been sold short.

Short Interest Ratio / Days to Cover

Two Harbors Investments has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Two Harbors Investments has recently decreased by 99.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.24

News Sentiment

Two Harbors Investments has a news sentiment score of -0.24. 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 0.91 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Two Harbors Investments this week, compared to 4 articles on an average week.

Search Interest

25 people have searched for TWO on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Two Harbors Investments to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Two Harbors Investments insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.70% of the stock of Two Harbors Investments is held by insiders.

Percentage Held by Institutions

64.19% of the stock of Two Harbors Investments is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TWO Stock Analysis - Frequently Asked Questions

How have TWO shares performed this year?

Two Harbors Investments' stock was trading at $11.83 at the beginning of the year. Since then, TWO stock has decreased by 17.3% and is now trading at $9.7850.

How were Two Harbors Investments' earnings last quarter?

Two Harbors Investments Corp (NYSE:TWO) announced its quarterly earnings data on Monday, April, 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.04. The real estate investment trust earned ($20.33) million during the quarter, compared to analysts' expectations of ($28.53) million. Two Harbors Investments had a net margin of 3.50% and a trailing twelve-month return on equity of 8.06%.
Read the conference call transcript.

When did Two Harbors Investments' stock split?

Two Harbors Investments shares reverse split 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 market closes 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.

Who are Two Harbors Investments' major shareholders?

Top institutional shareholders of Two Harbors Investments include GraniteShares Advisors LLC (0.23%), Golden State Equity Partners (0.08%), State of Alaska Department of Revenue (0.06%) and Triumph Capital Management (0.03%). Insiders that own company stock include William Ross Greenberg, Nicholas Letica, Rebecca B Sandberg, Stephen G Kasnet, Mary Kathryn Riskey, Robert Rush, Jason Vinar, Matthew Keen, Alecia Hanson, Nathan Boucher and Jillian Halm.
View institutional ownership trends.

How do I buy shares of Two Harbors Investments?

Shares of TWO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Two Harbors Investments own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Two Harbors Investments investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), Waste Connections (WCN), The RMR Group (RMR), AU Optronics (AUOTY), Humana (HUM) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Record date for 4/29 Dividend: 4/04/2025
• Ex-Dividend for 4/29 Dividend: 4/04/2025
• Last Earnings: 4/28/2025
• Dividend Payable: 4/29/2025
• Record date for 7/29 Dividend: 7/03/2025
• Ex-Dividend for 7/29 Dividend: 7/03/2025
• Today: 7/18/2025
• Dividend Payable: 7/29/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - MTGE TRUST
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:TWO
• CIK: 1465740
• Web: www.twoharborsinvestment.com
• Phone: (612) 453-4100
• Fax: 212-364-3289
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Two Harbors Investments: $13.00
• High Price Target: $15.00
• Low Price Target: $10.50
• Potential Upside/Downside: +31.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.51)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 12.24
• P/E Growth: N/A
• Net Income: $298.17 million
• Net Margins: 3.50%
• Pretax Margin: 11.40%
• Return on Equity: 8.06%
• Return on Assets: 0.97%

Debt

• Debt-to-Equity Ratio: 0.77
• Current Ratio: 1.05
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: $450.15 million
• Price / Sales: 2.29
• Cash Flow: $1.14 per share
• Price / Cash Flow: 8.69
• Book Value: $14.68 per share
• Price / Book: 0.68

Miscellaneous

• Outstanding Shares: 104,030,000
• Free Float: 103,297,000
• Market Cap: $1.03 billion
• Optionable: Optionable
• Beta: 1.26