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

Company Overview

Two Harbors Investments Corp. (NYSE: TWO) is a real estate investment trust (REIT) specializing in residential mortgage assets. The company builds and manages a diversified portfolio of mortgage‐backed securities (MBS) and related instruments, including agency‐guaranteed residential MBS, non‐agency RMBS, residential whole loans and mortgage servicing rights. Through a combination of asset selection, financing strategies and risk management, Two Harbors seeks to generate attractive risk‐adjusted returns and consistent income distributions for its shareholders.

Two Harbors employs a variety of financing arrangements, such as repurchase agreements, to leverage its investment capital while maintaining prudent liquidity levels. The company uses derivatives—most notably interest rate swaps, futures and option contracts—to hedge interest rate and convexity risk across its holdings. This active hedging strategy allows Two Harbors to manage the sensitivity of its portfolio to changes in interest rates and to capitalize on yield curve opportunities.

Founded in 2009 and reorganized as a REIT in 2013, Two Harbors has offices in Santa Monica, California, and Minneapolis, Minnesota. Its leadership team is led by Chief Executive Officer Connor J. O’Brien and Chief Financial Officer Mark W. Gilman, both of whom bring extensive experience in fixed income markets and mortgage finance. The board and senior management draw upon decades of experience in investment management, structured finance and credit analysis to guide the firm’s strategic direction.

Serving the U.S. residential mortgage market, Two Harbors focuses on liquidity, credit quality and portfolio diversification to navigate evolving housing and interest rate environments. By balancing agency‐backed and non‐agency assets and adjusting leverage through its financing platforms, the company aims to deliver stable income streams while positioning its portfolio to respond to shifts in the broader economic and regulatory landscape.

Key Stats

• Today's Range: $10.46 to $10.68
• 50-Day Range: $10.25 to $12.40
• 52-Week Range: $10.16 to $14.28
• Volume: 2.46 million shs
• Average Volume: 1.34 million shs
• Market Capitalization: $1.10 billion
• P/E Ratio: N/A
• Dividend Yield: 14.75%
• Price Target: $13.14
• Consensus Rating: Hold

Two Harbors Investments Stock Analysis - MarketRank™

Two Harbors Investments scored higher than 45% of companies evaluated by MarketBeat, and ranked 650th out of 907 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: 3.2 / 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 6 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 -20.73, 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 -20.73, 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 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.98% 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 4.1.

Change versus previous month

Short interest in Two Harbors Investments has recently increased by 6.40%, indicating that investor sentiment is decreasing 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 14.77%, 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

6.98% 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 4.1.

Change versus previous month

Short interest in Two Harbors Investments has recently increased by 6.40%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.29

News Sentiment

Two Harbors Investments has a news sentiment score of 0.29. 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 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Two Harbors Investments this week, compared to 4 articles on an average week.

Search Interest

Only 22 people have searched for TWO on MarketBeat in the last 30 days. This is a decrease of -15% 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 -40% 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 start of the year. Since then, TWO shares have decreased by 10.6% and is now trading at $10.5750.

How were Two Harbors Investments' earnings last quarter?

Two Harbors Investments Corp (NYSE:TWO) issued its quarterly earnings data on Monday, April, 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by $0.04. The real estate investment trust earned ($20.33) million during the quarter, compared to the consensus estimate 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 before market open 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 closing bell 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?

Two Harbors Investments' top institutional investors include Howard Financial Services LTD. (0.02%). 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: 7/05/2025
• 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 Stock Price Target: $13.14
• High Stock Price Target: $15.00
• Low Stock Price Target: $10.50
• Potential Upside/Downside: +24.3%
• 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: 13.06
• 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: 2.44
• Cash Flow: $1.17 per share
• Price / Cash Flow: 9.05
• Book Value: $14.68 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 104,030,000
• Free Float: 103,297,000
• Market Cap: $1.10 billion
• Optionable: Optionable
• Beta: 1.26