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 Ratio0.42
Current Ratio1.16
Quick Ratio1.16
Price-To-Earnings
Trailing P/E Ratio7.66
Forward P/E Ratio8.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$745.09 million
Price / Sales3.75
Cash Flow$2.4736 per share
Price / Cash6.44
Book Value$16.44 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)$2.08
Net Income$348.57 million
Net Margins72.16%
Return on Equity10.83%
Return on Assets1.40%
Miscellaneous
EmployeesN/A
Outstanding Shares175,470,000
Market Cap$2,800.48
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 announced a special dividend on Monday, July 16th. Stockholders of record on Wednesday, July 25th will be given a dividend of $0.1584 per share on Monday, July 30th. This represents a dividend yield of 11.78%. The ex-dividend date is Tuesday, July 24th. 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 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 data on Tuesday, May, 8th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.01. The real estate investment trust earned $97.46 million during the quarter, compared to analyst estimates of $92.64 million. Two Harbors Investment had a return on equity of 10.83% and a net margin of 72.16%. During the same period in the previous year, the company posted $0.27 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?
4 equities research analysts have issued 12 month target prices for Two Harbors Investment's stock. Their predictions range from $16.00 to $20.00. On average, they expect Two Harbors Investment's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Ratings for Two Harbors Investment.
What is the consensus analysts' recommendation for Two Harbors Investment?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (5/12/2018)
- 2. Maxim Group analysts commented, "TWO reported 3Q17 comprehensive income of $0.93 per share, versus its new dividend of $0.52 per share, so book value was up 1.9%. In our view, it was a strong quarter." (11/9/2017)
Who are some of Two Harbors Investment's key competitors?
Some companies that are related to Two Harbors Investment include Regency Centers (REG), Duke Realty (DRE), Iron Mountain (IRM), SINO Ld Ltd/S (SNLAY), UDR (UDR), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Camden Property Trust (CPT), Macerich (MAC), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Sun Communities (SUI), Gaming and Leisure Properties (GLPI), VICI Properties (VICI) and Kilroy Realty (KRC).
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)
Has Two Harbors Investment been receiving favorable news coverage?
News headlines about TWO stock have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Two Harbors Investment earned a news impact score of 0.04 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 47.00 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Two Harbors Investment's major shareholders?
Two Harbors Investment's stock is owned by a variety of of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (0.44%), Atria Investments LLC (0.01%), Campbell & CO Investment Adviser LLC (0.01%), Nisa Investment Advisors LLC (0.01%), State of Alaska Department of Revenue (0.01%) and Harbour Capital Advisors LLC (0.01%). Company insiders that own Two Harbors Investment stock include Brad Farrell, Brian Taylor, 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 major investors are selling Two Harbors Investment stock?
TWO stock was sold by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC. Company insiders that have sold Two Harbors Investment company stock in the last year include Brad Farrell, Mary Kathryn Riskey, Rebecca B Sandberg and William Roth. View Insider Buying and Selling for Two Harbors Investment.
Which major investors are buying Two Harbors Investment stock?
TWO stock was acquired by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Campbell & CO Investment Adviser LLC, Nisa Investment Advisors LLC, BLB&B Advisors LLC, Bank of Montreal Can, James Investment Research Inc., Atria Investments LLC and State of Alaska Department of Revenue. 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 $15.93.
How big of a company is Two Harbors Investment?
Two Harbors Investment has a market capitalization of $2.80 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.
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.
