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, and hybrid adjustable-rate mortgage (ARMs); 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.
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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$994.69 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/5/2020 (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 18th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.40 per share on Friday, January 24th. This represents a $1.60 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend is Monday, December 30th. View Two Harbors Investment's Dividend History.
When did Two Harbors Investment's stock split? How did Two Harbors Investment's stock split work?
Shares of Two Harbors Investment 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) posted its quarterly earnings data on Wednesday, February, 5th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.11. The real estate investment trust earned $71.15 million during the quarter, compared to analyst estimates of $62.50 million. Two Harbors Investment had a net margin of 25.07% and a return on equity of 10.70%. The firm's revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. 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 brokerages have issued 12-month price objectives for Two Harbors Investment's shares. Their forecasts range from $13.50 to $16.00. On average, they anticipate Two Harbors Investment's stock price to reach $14.74 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. 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 1 hold rating and 6 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. 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. " (1/31/2020)
- 2. Maxim Group analysts commented, "In a difficult quarter for mortgage REITs, TWO had strong results. TWO shares currently trade at 0.93x book value. Our price target of $15 equates to 1.06x book value (versus 1.08x previously), which is in inline with the average P/BV multiple of high-quality mortgage REITs. TWO remains our top mortgage REIT pick, because of: (1) its best-in-class, long-term interest rate risk management, including use of MSRs; (2) its attractive dividend yield (currently 12.1%); and (3) its long-term record of preserving book value." (8/8/2019)
Has Two Harbors Investment been receiving favorable news coverage?
Media stories about TWO stock have been trending very negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Two Harbors Investment earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Two Harbors Investment.
Are investors shorting Two Harbors Investment?
Two Harbors Investment saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,550,000 shares, an increase of 17.3% from the January 15th total of 4,730,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.1% of the company's shares 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 ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), MFA FINL INC/SH (MFA), Invesco Mortgage Capital (IVR), Apollo Commercial Real Est. Finance (ARI), NY MTG TR INC/SH (NYMT), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), Ready Capital (RC), CAPSTEAD MTG CO/SH (CMO) and Ares Commercial Real Estate (ACRE).
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), Calumet Specialty Products Partners, L.P (CLMT), New Residential Investment (NRZ), Blackrock Capital Investment (BKCC), Washington Prime Group (WPG), Novocure (NVCR), Summit Midstream Partners (SMLP), Viper Energy Partners (VNOM) 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, CEO, Pres & Director (Age 59)
- Ms. Mary Kathryn Riskey, VP, CFO & Chief Accounting Officer (Age 55)
- Mr. William Meyer Roth, Chief Investment Officer & Director (Age 62)
- Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 47)
- Ms. Alecia Hanson, Managing Director of HR
Who are Two Harbors Investment's major shareholders?
Two Harbors Investment's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (3.36%), Boston Partners (2.55%), Goldman Sachs Group Inc. (1.86%), State Street Corp (1.59%), Geode Capital Management LLC (1.36%) and Massachusetts Financial Services Co. MA (0.99%). Company insiders that own Two Harbors Investment stock include Brad Farrell, James J Bender, Karen Hammond, Mary Kathryn Riskey, Matthew Koeppen, Rebecca B Sandberg, Thomas Siering, William Ross Greenberg 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., Citigroup Inc., Raymond James & Associates, FMR LLC, Goldman Sachs Group Inc., Janus Henderson Group PLC, LSV Asset Management and SG Americas Securities LLC. Company insiders that have sold Two Harbors Investment company stock in the last year include Mary Kathryn Riskey, Matthew Koeppen, Rebecca B Sandberg and William Ross Greenberg. 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 Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, Driehaus Capital Management LLC, Telemus Capital LLC, Pinebridge Investments L.P., State Street Corp, Geode Capital Management LLC and Capital Research Global Investors. Company insiders that have bought Two Harbors Investment stock in the last two years include Karen Hammond and Thomas Siering. 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, Robinhood, Fidelity and Charles Schwab.
What is Two Harbors Investment's stock price today?
One share of TWO stock can currently be purchased for approximately $14.76.
How big of a company is Two Harbors Investment?
Two Harbors Investment has a market capitalization of $4.03 billion and generates $994.69 million in revenue each year. The real estate investment trust earns $323.96 million in net income (profit) each year or $1.37 on an earnings per share basis. View Additional Information About Two Harbors Investment.
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.
