Two Harbors Investments Corp Company Profile (NYSE:TWO)

About Two Harbors Investments Corp (NYSE:TWO)

Two Harbors Investments Corp logoTwo Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses on managing various associated risks, including interest rate, prepayment, credit, mortgage spread and financing risk. The Company finances its RMBS and commercial real estate assets through short- and long-term borrowings structured as repurchase agreements and advances from the Federal Home Loan Bank of Des Moines, or the FHLB. It also finances its MSR through revolving credit facilities.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Residential REITs
  • Sub-Industry: Mortgage REITs
  • Symbol: NYSE:TWO
  • CUSIP: 90187B10
  • Web: www.twoharborsinvestment.com
Capitalization:
  • Market Cap: $3.52811 billion
  • Outstanding Shares: 348,972,000
Average Prices:
  • 50 Day Moving Avg: $10.11
  • 200 Day Moving Avg: $10.01
  • 52 Week Range: $8.20 - $10.54
P/E:
  • Trailing P/E Ratio: 6.59
  • Foreward P/E Ratio: 10.64
  • P/E Growth: 3.60
Sales & Book Value:
  • Annual Revenue: $664.12 million
  • Price / Sales: 5.31
  • Book Value: $9.89 per share
  • Price / Book: 1.02
Dividend:
  • Annual Dividend: $1.04
  • Dividend Yield: 10.3%
Profitability:
  • Net Margins: 72.15%
  • Return on Equity: 10.26%
  • Return on Assets: 1.60%
Debt:
  • Debt-to-Equity Ratio: 1.77%
  • Current Ratio: 1.55%
  • Quick Ratio: 1.55%
Misc:
  • Average Volume: 2.44 million shs.
  • Beta: 0.58
  • Short Ratio: 4.12
 

Frequently Asked Questions for Two Harbors Investments Corp (NYSE:TWO)

What is Two Harbors Investments Corp's stock symbol?

Two Harbors Investments Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."

How often does Two Harbors Investments Corp pay dividends? What is the dividend yield for Two Harbors Investments Corp?

Two Harbors Investments Corp announced a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.26 per share on Friday, October 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date of this dividend is Thursday, September 28th. View Two Harbors Investments Corp's Dividend History.

When did Two Harbors Investments Corp's stock split? How did Two Harbors Investments Corp's stock split work?

Two Harbors Investments Corp shares reverse split before market open on Thursday, November 2nd 2017. The 1-2 reverse split was announced on Thursday, September 14th 2017. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st 2017. An investor that had 100 shares of Two Harbors Investments Corp stock prior to the reverse split would have 50 shares after the split.

How were Two Harbors Investments Corp's earnings last quarter?

Two Harbors Investments Corp (NYSE:TWO) issued its quarterly earnings data on Monday, August, 7th. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.02. The company earned $117.79 million during the quarter, compared to analyst estimates of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The company's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. View Two Harbors Investments Corp's Earnings History.

When will Two Harbors Investments Corp make its next earnings announcement?

Two Harbors Investments Corp is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Two Harbors Investments Corp.

Where is Two Harbors Investments Corp's stock going? Where will Two Harbors Investments Corp's stock price be in 2017?

5 equities research analysts have issued 12 month target prices for Two Harbors Investments Corp's shares. Their predictions range from $9.00 to $10.25. On average, they anticipate Two Harbors Investments Corp's stock price to reach $9.69 in the next twelve months. View Analyst Ratings for Two Harbors Investments Corp.

What are analysts saying about Two Harbors Investments Corp stock?

Here are some recent quotes from research analysts about Two Harbors Investments Corp stock:

  • 1. According to Zacks Investment Research, "Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. " (10/11/2017)
  • 2. Maxim Group analysts commented, "TWO announced that it is contributing its portfolio of commercial real estate loans to a new REIT (Granite Point Mortgage Trust) in conjunction with Granite Point’s IPO, and then distributing shares of Granite Point to TWO shareholders as a special dividend (after the expiration of a customary lock-up period)." (6/7/2017)
  • 3. FBR & Co analysts commented, "Two Harbors reported 4Q16 core EPS of $0.24, in line with Street and FBR estimates and ahead of the $0.23 quarterly dividend. GAAP EPS came in at $0.98, as higher interest rates in the quarter yielded material gains on the hedging portfolio and a write-up of the MSR, which were partially offset by a markdown on the MBS portfolio. Book value per share declined by 2.3% QOQ to $9.78, which reflected rate volatility and was slightly weaker than our estimated book value decline of 1.6%. We were encouraged by continued expansion of the CRE lending platform, an initiative that should support a stronger multiple over time, as well as the growth in the MSR portfolio that should act as a hedge against an increase in rates. With a dividend we believe secure and clear progress toward diversifying the business, we see upside potential over the long term but maintain a more balanced view until further progress is made." (2/8/2017)

Who are some of Two Harbors Investments Corp's key competitors?

Who are Two Harbors Investments Corp's key executives?

Two Harbors Investments Corp's management team includes the folowing people:

  • Brian C. Taylor, Chairman of the Board
  • Thomas E. Siering, President, Chief Executive Officer, Director
  • Brad Farrell, Chief Financial Officer, Treasurer
  • William Roth, Chief Investment Officer, Director
  • Rebecca B. Sandberg, General Counsel, Secretary
  • Stephen Garfield Kasnet, Lead Independent Director
  • Edward Spencer Abraham, Independent Director
  • James J. Bender, Independent Director
  • Lisa Anne Pollina, Independent Director
  • W. Reid Sanders, Independent Director

Who owns Two Harbors Investments Corp stock?

Two Harbors Investments Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.36%) and Meeder Asset Management Inc. (0.00%). Company insiders that own Two Harbors Investments Corp stock include Brad Farrell, Brian Taylor, Mary Kathryn Riskey, Rebecca B Sandberg, Stephen G Kasnet, Thomas Siering, Two Harbors Investment Corp and William Roth. View Institutional Ownership Trends for Two Harbors Investments Corp.

Who bought Two Harbors Investments Corp stock? Who is buying Two Harbors Investments Corp stock?

Two Harbors Investments Corp's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Meeder Asset Management Inc.. Company insiders that have bought Two Harbors Investments Corp stock in the last two years include Brian Taylor, Stephen G Kasnet, Thomas Siering, Two Harbors Investment Corp and William Roth. View Insider Buying and Selling for Two Harbors Investments Corp.

How do I buy Two Harbors Investments Corp stock?

Shares of Two Harbors Investments Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Two Harbors Investments Corp's stock price today?

One share of Two Harbors Investments Corp stock can currently be purchased for approximately $10.11.


MarketBeat Community Rating for Two Harbors Investments Corp (NYSE TWO)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  177 (Vote Underperform)
Total Votes:  430
MarketBeat's community ratings are surveys of what our community members think about Two Harbors Investments Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Two Harbors Investments Corp (NYSE:TWO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $9.69 (4.18% downside)
Consensus Price Target History for Two Harbors Investments Corp (NYSE:TWO)
Price Target History for Two Harbors Investments Corp (NYSE:TWO)
Analysts' Ratings History for Two Harbors Investments Corp (NYSE:TWO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017Credit Suisse GroupReiterated RatingBuy$10.00LowView Rating Details
8/8/2017Maxim GroupReiterated RatingBuy$10.25LowView Rating Details
4/11/2017Wells Fargo & CompanyDowngradeOutperform -> Market Perform$9.50LowView Rating Details
2/8/2017FBR & CoReiterated RatingHold$9.00N/AView Rating Details
11/3/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
8/8/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$9.00 -> $9.50N/AView Rating Details
8/6/2016Deutsche Bank AGSet Price TargetBuy$9.80N/AView Rating Details
8/5/2016J P Morgan Chase & CoReiterated RatingBuy$9.50N/AView Rating Details
8/5/2016WunderlichBoost Price TargetHold$8.75 -> $9.50N/AView Rating Details
11/11/2015NomuraLower Price TargetNeutral$10.00 -> $9.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Two Harbors Investments Corp (NYSE:TWO)
Earnings by Quarter for Two Harbors Investments Corp (NYSE:TWO)
Earnings History by Quarter for Two Harbors Investments Corp (NYSE TWO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.27N/AView Earnings Details
8/7/2017Q2 2017$0.26$0.28$123.04 million$117.79 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.25$0.27$107.90 million$116.20 millionViewListenView Earnings Details
2/6/2017Q416$0.24$0.24$104.14 million$112.87 millionViewListenView Earnings Details
11/2/2016Q316$0.23$0.24$89.40 million$108.51 millionViewListenView Earnings Details
8/3/2016Q216$0.22$0.22$95.48 million$100.80 millionViewListenView Earnings Details
5/4/2016Q116$0.20$0.21$100.10 million$89.40 millionViewListenView Earnings Details
2/3/2016Q415$0.23$0.20$103.50 million$97.03 millionViewN/AView Earnings Details
11/4/2015Q315$0.24($0.09)$111.49 million$115.76 millionViewN/AView Earnings Details
8/4/2015Q215$0.25$0.22$120.22 million$117.50 millionViewN/AView Earnings Details
5/6/2015Q115$0.24$0.26$122.33 million$129.47 millionViewN/AView Earnings Details
2/4/2015Q414$0.24$0.23$115.24 million$124.51 millionViewN/AView Earnings Details
11/4/2014Q314$0.25$0.23$116.68 million$117.59 millionViewN/AView Earnings Details
8/6/2014Q214$0.25$0.24$116.22 million$115.20 millionViewN/AView Earnings Details
5/7/2014Q114$0.25$0.24$115.89 million$112.46 millionViewN/AView Earnings Details
2/4/2014Q413$0.22$0.21ViewN/AView Earnings Details
11/6/2013Q313$0.24$0.19$114.24 millionViewListenView Earnings Details
8/7/2013Q213$0.31$0.21$145.30 millionViewListenView Earnings Details
5/7/2013Q113$0.32$0.29ViewN/AView Earnings Details
2/6/2013Q412$0.37$0.28ViewN/AView Earnings Details
11/6/2012Q312$0.37$0.31$109.56 millionViewN/AView Earnings Details
8/1/2012$0.40$0.35ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Two Harbors Investments Corp (NYSE:TWO)
2017 EPS Consensus Estimate: $1.02
2018 EPS Consensus Estimate: $1.05
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.23$0.24$0.24
Q2 20172$0.24$0.27$0.26
Q3 20171$0.27$0.27$0.27
Q4 20171$0.26$0.26$0.26
Q1 20181$0.27$0.27$0.27
Q2 20181$0.27$0.27$0.27
Q3 20181$0.25$0.25$0.25
Q4 20181$0.26$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Two Harbors Investments Corp (NYSE:TWO)
Next Dividend:10/27/2017
Annual Dividend:$1.04
Dividend Yield:10.29%
Dividend Growth:-18.00% (3 Year Average)
Payout Ratio:72.73% (Trailing 12 Months of Earnings)
98.11% (Based on This Year's Estimates)
109.47% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Dividend History by Quarter for Two Harbors Investments Corp (NYSE TWO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.2610.33%9/28/20179/29/201710/27/2017
6/16/2017quarterly$0.2610.05%6/28/20176/30/20177/27/2017
3/15/2017quarterly$0.2510.52%3/29/20173/31/20174/27/2017
12/16/2016quarterly$0.2410.75%12/28/201612/30/20161/27/2017
9/16/2016quarterly$0.2310.56%9/28/20169/30/201610/20/2016
6/17/2016quarterly$0.2310.67%6/28/20166/30/20167/20/2016
3/16/2016quarterly$0.2311.78%3/29/20163/31/20164/21/2016
12/17/2015quarterly$0.2612.37%12/28/201512/30/20151/20/2016
9/17/2015quarterly$0.2610.96%9/28/20159/30/201510/22/2015
6/18/2015quarterly$0.269.93%6/26/20156/30/20157/21/2015
3/19/2015quarterly$0.269.66%3/27/20153/31/20154/21/2015
12/17/2014quarterly$0.2610.25%12/26/201412/30/20141/20/2015
9/16/2014quarterly$0.2610.15%9/26/20149/30/201410/21/2014
6/17/2014quarterly$0.269.88%6/30/20147/2/20147/22/2014
3/17/2014quarterly$0.269.83%3/27/20143/31/20144/21/2014
12/17/2013quarterly$0.2611.01%12/24/201312/27/201312/31/2013
9/11/2013quarterly$0.2811.64%9/24/20139/26/201310/23/2013
6/13/2013quarterly$0.3111.22%6/26/20136/28/20137/23/2013
3/18/2013quarterly$0.329.5%3/28/20134/2/20134/24/2013
12/17/2012quarterly$0.5519.1%12/27/201212/31/20121/18/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Two Harbors Investments Corp (NYSE:TWO)
Insider Ownership Percentage: 1.16%
Institutional Ownership Percentage: 70.21%
Insider Trades by Quarter for Two Harbors Investments Corp (NYSE:TWO)
Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)
Insider Trades by Quarter for Two Harbors Investments Corp (NYSE:TWO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/18/2017Two Harbors Investment Corp.Major ShareholderBuy25,000$18.81$470,250.00View SEC Filing  
10/17/2017Two Harbors Investment Corp.Major ShareholderBuy4,741$18.96$89,889.36View SEC Filing  
10/16/2017Two Harbors Investment Corp.Major ShareholderBuy4,597$18.96$87,159.12View SEC Filing  
10/13/2017Two Harbors Investment Corp.Major ShareholderBuy3,472$18.96$65,829.12View SEC Filing  
10/12/2017Two Harbors Investment Corp.Major ShareholderBuy14,427$18.94$273,247.38View SEC Filing  
10/11/2017Two Harbors Investment Corp.Major ShareholderBuy10,290$18.95$194,995.50View SEC Filing  
9/27/2017Two Harbors Investment Corp.Major ShareholderBuy5,210$18.95$98,729.50View SEC Filing  
9/26/2017Two Harbors Investment Corp.Major ShareholderBuy2,395$18.95$45,385.25View SEC Filing  
9/25/2017Two Harbors Investment Corp.Major ShareholderBuy357$18.96$6,768.72View SEC Filing  
9/22/2017Two Harbors Investment Corp.Major ShareholderBuy100$18.96$1,896.00View SEC Filing  
9/21/2017Two Harbors Investment Corp.Major ShareholderBuy5,555$18.96$105,322.80View SEC Filing  
9/20/2017Two Harbors Investment Corp.Major ShareholderBuy25,000$18.82$470,500.00View SEC Filing  
8/15/2017Brian TaylorDirectorBuy32,000$10.06$321,920.00View SEC Filing  
8/14/2017Thomas SieringCEOBuy5,000$10.14$50,700.00View SEC Filing  
8/11/2017Two Harbors Investment Corp.Major ShareholderBuy3,440$19.10$65,704.00View SEC Filing  
8/10/2017Two Harbors Investment Corp.Major ShareholderBuy14,772$19.10$282,145.20View SEC Filing  
8/9/2017Two Harbors Investment Corp.Major ShareholderBuy25,000$19.07$476,750.00View SEC Filing  
5/15/2017Brad FarrellCFOSell19,663$9.86$193,877.18View SEC Filing  
5/15/2017Rebecca B SandbergGeneral CounselSell5,566$9.85$54,825.10View SEC Filing  
2/10/2017Thomas SieringCEOBuy4,000$8.94$35,760.00View SEC Filing  
2/6/2017Brad FarrellCFOSell15,937$8.81$140,404.97View SEC Filing  
2/6/2017Mary Kathryn RiskeyInsiderSell1,517$8.81$13,364.77View SEC Filing  
2/6/2017Rebecca B SandbergGeneral CounselSell6,015$8.81$52,992.15View SEC Filing  
1/30/2017Brad FarrellCFOSell28,901$8.58$247,970.58View SEC Filing  
1/30/2017Mary Kathryn RiskeyInsiderSell3,190$8.61$27,465.90View SEC Filing  
1/30/2017Rebecca B SandbergGeneral CounselSell10,136$8.60$87,169.60View SEC Filing  
11/8/2016Thomas SieringCEOBuy3,500$8.48$29,680.00View SEC Filing  
8/10/2016Thomas SieringCEOBuy3,500$8.99$31,465.00View SEC Filing  
5/31/2016Brad FarrellCFOSell12,898$8.48$109,375.04View SEC Filing  
5/31/2016Mary Kathryn RiskeyCAOSell2,127$8.48$18,036.96View SEC Filing  
5/31/2016Rebecca B SandbergGeneral CounselSell6,488$8.48$55,018.24View SEC Filing  
5/16/2016Brad FarrellCFOSell19,905$8.44$167,998.20View SEC Filing  
5/16/2016Rebecca B SandbergGeneral CounselSell6,427$8.44$54,243.88View SEC Filing  
5/10/2016Thomas SieringCEOBuy5,000$8.37$41,850.00View SEC Filing  
2/16/2016Mary Kathryn RiskeyCAOSell1,367$7.29$9,965.43View SEC Filing  
2/12/2016Thomas SieringCEOBuy5,000$7.15$35,750.00View SEC Filing  
2/10/2016Stephen G KasnetDirectorBuy12,000$7.27$87,240.00View SEC Filing  
2/9/2016Brad FarrellCFOSell13,825$7.39$102,166.75View SEC Filing  
2/8/2016Mary Kathryn RiskeyCAOSell1,550$7.39$11,454.50View SEC Filing  
2/8/2016Rebecca B SandbergGeneral CounselSell6,653$7.39$49,165.67View SEC Filing  
11/13/2015William RothCIOBuy10,000$8.28$82,800.00View SEC Filing  
11/11/2015Thomas SieringCEOBuy3,000$8.39$25,170.00View SEC Filing  
6/1/2015Brad FarrellCFOSell10,842$10.69$115,900.98View SEC Filing  
6/1/2015Rebecca B SandbergGeneral CounselSell6,464$10.69$69,100.16View SEC Filing  
6/1/2015William RothCIOSell30,000$10.69$320,700.00View SEC Filing  
5/21/2015Thomas SieringCEOBuy3,000$10.69$32,070.00View SEC Filing  
5/14/2015Brad FarrellCFOSell37,969$10.47$397,535.43View SEC Filing  
2/13/2015Thomas SieringCEOBuy5,000$10.30$51,500.00View SEC Filing  
2/6/2015Brad FarrellCFOSell10,969$10.15$111,335.35View SEC Filing  
2/6/2015Rebecca B SandbergGeneral CounselSell4,691$10.14$47,566.74View SEC Filing  
2/6/2015William RothCIOSell30,000$10.14$304,200.00View SEC Filing  
8/20/2014Thomas SieringCEOSell20,000$10.47$209,400.00View SEC Filing  
8/11/2014Stephen G KasnetDirectorSell5,237$10.38$54,360.06View SEC Filing  
6/2/2014Brad FarrellCFOSell8,583$10.45$89,692.35View SEC Filing  
6/2/2014Rebecca B SandbergGeneral CounselSell4,582$10.44$47,836.08View SEC Filing  
6/2/2014William RothVPSell20,000$10.45$209,000.00View SEC Filing  
5/16/2014Brian TaylorDirectorSell1,578$10.26$16,190.28View SEC Filing  
5/24/2013William Reid SandersDirectorBuy5,000$11.45$57,250.00View SEC Filing  
2/21/2013William RothVPBuy3,000$12.38$37,140.00View SEC Filing  
2/19/2013Thomas SieringCEOBuy8,200$12.57$103,074.00View SEC Filing  
11/20/2012William RothVPBuy10,000$11.08$110,800.00View SEC Filing  
11/16/2012Brad FarrellCFOBuy1,000$10.75$10,750.00View SEC Filing  
11/16/2012Brian TaylorDirectorBuy10,000$11.08$110,800.00View SEC Filing  
11/16/2012Steven KuhnVPBuy20,000$10.82$216,400.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Two Harbors Investments Corp (TWO) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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