Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Phone612-629-2500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$870.03 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable
Two Harbors Investment (NYSE:TWO) Frequently Asked Questions
What is Two Harbors Investment's stock symbol?
Two Harbors Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."
How often does Two Harbors Investment pay dividends? What is the dividend yield for Two Harbors Investment?
Two Harbors Investment declared a quarterly dividend on Wednesday, December 19th. Stockholders of record on Monday, December 31st will be given a dividend of $0.47 per share on Monday, January 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date of this dividend is Friday, December 28th. View Two Harbors Investment's Dividend History.
When did Two Harbors Investment's stock split? How did Two Harbors Investment's stock split work?
Two Harbors Investment's stock 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 was adjusted after the market closes on Wednesday, November 1st 2017. An investor that had 100 shares of Two Harbors Investment stock prior to the reverse split would have 50 shares after the split.
How were Two Harbors Investment's earnings last quarter?
Two Harbors Investment Corp (NYSE:TWO) announced its earnings results on Wednesday, February, 6th. The real estate investment trust reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The real estate investment trust earned $89.65 million during the quarter, compared to the consensus estimate of $106.46 million. Two Harbors Investment had a positive return on equity of 13.56% and a negative net margin of 4.12%. The company's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. View Two Harbors Investment's Earnings History.
When is Two Harbors Investment's next earnings date?
What price target have analysts set for TWO?
7 Wall Street analysts have issued 1-year target prices for Two Harbors Investment's shares. Their forecasts range from $14.00 to $16.50. On average, they expect Two Harbors Investment's share price to reach $15.5714 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Two Harbors Investment.
What is the consensus analysts' recommendation for Two Harbors Investment?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Two Harbors Investment.
What are Wall Street analysts saying about Two Harbors Investment stock?
Here are some recent quotes from research analysts about Two Harbors Investment stock:
- 1. Maxim Group analysts commented, "TWO reported a 4Q18 comprehensive loss of ($1.24) per share, versus its $0.47 dividend, so book value per share was down 11.5%. the decline was attributable to spread-widening in Agency RMBS and about 3% to spread-widening in non-Agency RMBS, in a volatile and difficult quarter for all mortgage REITs. According to management, book value recovered about 4% in January 2019 (excluding accrual of dividends)." (2/7/2019)
- 2. 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. " (1/10/2019)
Has Two Harbors Investment been receiving favorable news coverage?
News coverage about TWO stock has been trending somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Two Harbors Investment earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
Who are some of Two Harbors Investment's key competitors?
Some companies that are related to Two Harbors Investment include WP Carey (WPC), Vornado Realty Trust (VNO), Extra Space Storage (EXR), UDR (UDR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), Klepierre (KLPEF), Regency Centers (REG), Duke Realty (DRE), Gecina (GECFF), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Iron Mountain (IRM), Federal Realty Investment Trust (FRT) and AGNC Investment (AGNC).
What other stocks do shareholders of Two Harbors Investment own?
Who are Two Harbors Investment's key executives?
Two Harbors Investment's management team includes the folowing people:
- Mr. Thomas Edwin Siering, Pres, CEO & Director (Age 59)
- Mr. William Meyer Roth, Chief Investment Officer & Director (Age 62)
- Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 47)
- Ms. Mary Kathryn Riskey, VP, CFO & Chief Accounting Officer (Age 55)
- Ms. Alecia Hanson, Managing Director of HR
Who are Two Harbors Investment's major shareholders?
Two Harbors Investment's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.16%), State Treasurer State of Michigan (4.79%), Boston Partners (2.71%), Vaughan Nelson Investment Management L.P. (1.43%), LSV Asset Management (1.41%) and Norges Bank (1.16%). Company insiders that own Two Harbors Investment stock include Brad Farrell, Brian Taylor, James J Bender, Mary Kathryn Riskey, Rebecca B Sandberg, Thomas Siering, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Institutional Ownership Trends for Two Harbors Investment.
Which institutional investors are selling Two Harbors Investment stock?
TWO stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., FMR LLC, Delphi Financial Group Inc., Principal Financial Group Inc., American Century Companies Inc., Millennium Management LLC, Capital Advisors Inc. OK and KAMES CAPITAL plc. Company insiders that have sold Two Harbors Investment company stock in the last year include Brad Farrell, James J Bender, Mary Kathryn Riskey, Rebecca B Sandberg and William Roth. View Insider Buying and Selling for Two Harbors Investment.
Which institutional investors are buying Two Harbors Investment stock?
TWO stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, APG Asset Management N.V., LSV Asset Management, Boston Partners, Martingale Asset Management L P, Vaughan Nelson Investment Management L.P., Algebris UK Ltd and Prudential Financial Inc.. Company insiders that have bought Two Harbors Investment stock in the last two years include Brian Taylor, Thomas Siering, Two Harbors Investment Corp and William Reid Sanders. View Insider Buying and Selling for Two Harbors Investment.
How do I buy shares of Two Harbors Investment?
Shares of TWO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Two Harbors Investment's stock price today?
One share of TWO stock can currently be purchased for approximately $14.0050.
How big of a company is Two Harbors Investment?
Two Harbors Investment has a market capitalization of $3.52 billion and generates $870.03 million in revenue each year. The real estate investment trust earns $-44,290,000.00 in net income (profit) each year or $1.97 on an earnings per share basis.
What is Two Harbors Investment's official website?
How can I contact Two Harbors Investment?
Two Harbors Investment's mailing address is 575 LEXINGTON AVENUE SUITE 2930, NEW YORK NY, 10022. The real estate investment trust can be reached via phone at 612-629-2500 or via email at [email protected]
MarketBeat Community Rating for Two Harbors Investment (NYSE TWO)
MarketBeat's community ratings are surveys of what our community members think about Two Harbors Investment and other stocks. Vote "Outperform" if you believe TWO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TWO will underperform the S&P 500 over the long term. You may vote once every thirty days.
