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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
SymbolNYSE:TWO
CUSIP90187B10
Phone612-629-2500
Debt
Debt-to-Equity Ratio0.47
Current Ratio1.18
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio7.33
Forward P/E Ratio8.06
P/E GrowthN/A
Sales & Book Value
Annual Sales$745.09 million
Price / Sales5.07
Cash Flow$2.4780 per share
Price / Cash6.15
Book Value$16.44 per share
Price / Book0.93
Profitability
EPS (Most Recent Fiscal Year)$2.08
Net Income$348.57 million
Net Margins80.75%
Return on Equity11.49%
Return on Assets1.41%
Miscellaneous
EmployeesN/A
Outstanding Shares248,070,000
Market Cap$3.78 billion
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 special dividend on Friday, September 21st. Shareholders of record on Monday, October 1st will be given a dividend of $0.3116 per share on Monday, October 29th. This represents a yield of 12.34%. The ex-dividend date is Friday, September 28th. This is an increase from Two Harbors Investment's previous special dividend of $0.16. 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 shares reverse split 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 closing bell 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) posted its quarterly earnings results on Tuesday, August, 7th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.06. The real estate investment trust had revenue of $172.12 million for the quarter. Two Harbors Investment had a net margin of 80.75% and a return on equity of 11.49%. View Two Harbors Investment's Earnings History.
When is Two Harbors Investment's next earnings date?
What price target have analysts set for TWO?
5 brokerages have issued 12-month price objectives for Two Harbors Investment's shares. Their forecasts range from $16.00 to $17.00. On average, they expect Two Harbors Investment's share price to reach $16.50 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for Two Harbors Investment.
What is the consensus analysts' recommendation for Two Harbors Investment?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Two Harbors Investment.
Are investors shorting Two Harbors Investment?
Two Harbors Investment saw a decline in short interest in August. As of August 15th, there was short interest totalling 5,558,908 shares, a decline of 56.7% from the July 31st total of 12,843,789 shares. Based on an average trading volume of 3,276,121 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.2% of the shares of the company are sold short. View Two Harbors Investment's Current Options Chain.
Who are some of Two Harbors Investment's key competitors?
Some companies that are related to Two Harbors Investment include Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Mid-America Apartment Communities (MAA), Klepierre (KLPEF), SINO Ld Ltd/S (SNLAY), Extra Space Storage (EXR), Regency Centers (REG), UDR (UDR), Iron Mountain (IRM), Duke Realty (DRE), Federal Realty Investment Trust (FRT) and AGNC Investment (AGNC).
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 58)
- Mr. Brad Farrell, CFO & Treasurer (Age 43)
- Mr. William Meyer Roth, Chief Investment Officer & Director (Age 61)
- Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 46)
- Ms. Mary Kathryn Riskey, Chief Accounting Officer & MD (Age 54)
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 investors include BlackRock Inc. (6.42%), Boston Partners (1.95%), Vaughan Nelson Investment Management L.P. (1.94%), Nan Shan Life Insurance Co. Ltd. (1.80%), LSV Asset Management (1.38%) and American Financial Group Inc. (1.04%). 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 American Financial Group Inc., Nomura Holdings Inc., FMR LLC, Millennium Management LLC, Russell Investments Group Ltd., BlackRock Inc., Advisors Asset Management Inc. and First Quadrant L P CA. 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 bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Renaissance Technologies LLC, Wells Fargo & Company MN, Standard Life Aberdeen plc, Advisors Asset Management Inc., KAMES CAPITAL plc, Nan Shan Life Insurance Co. Ltd. and Bank of America Corp DE. 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 $15.24.
How big of a company is Two Harbors Investment?
Two Harbors Investment has a market capitalization of $3.78 billion and generates $745.09 million in revenue each year. The real estate investment trust earns $348.57 million in net income (profit) each year or $2.08 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.
