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NYSE:TWO

Two Harbors Investment - TWO Stock Forecast, Price & News

$16.08
-0.33 (-2.01%)
(As of 11/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.07
$16.39
50-Day Range
$12.36
$19.20
52-Week Range
$12.12
$25.08
Volume
698,052 shs
Average Volume
1.05 million shs
Market Capitalization
$1.39 billion
P/E Ratio
3.57
Dividend Yield
16.58%
Price Target
$17.83

Two Harbors Investment MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
10.9% Upside
$17.83 Price Target
Short Interest
Healthy
3.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Two Harbors Investment in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-50.79%
From $2.52 to $1.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Finance Sector

660th out of 894 stocks

Real Estate Investment Trusts Industry

129th out of 192 stocks

TWO stock logo

About Two Harbors Investment (NYSE:TWO) Stock

Two Harbors Investment Corp. is an externally managed REIT focused on the US residential mortgage market. The company strives to produce risk-adjusted returns by managing a portfolio of RMBS and other loans paired with a mortgage servicing business. The company delivers returns in the form of dividends primarily with a secondary goal of capital growth. The firm was incorporated in 2009 and is headquartered in Minnesota.

Two Harbors Investment Corp. is in business to invest in, finance, and manage a portfolio of residential mortgage-backed securities. These may include non-agency securities and mortgage servicing rights as well as other financial assets (about 5% to 10% of the portfolio). However, the bulk of the portfolio is in agency-backed RMBS. The fund's strategy of pairing a mortgage servicing business with an RMBS portfolio is unique in the industry and provides many advantages for investors that include reducing exposure to interest rate fluctuations and their impact on mortgage spread.

The company’s focus on agency-backed RMBS provides a level of safety because the principal and interest are backed by Fannie Mae, Freddie Mac, or other government agencies.

The company’s portfolio of mortgage servicing rights allows the company to capitalize on its experience in mitigating credit risk and is supported by a robust pipeline of new business. Originators provide new business on a continual basis as new loans are created. The company may also buy bundled loans from originators or other mortgage loan owners in order to earn fees for services.

Two Harbors Investment Corp. chooses to be taxed as a REIT. As such, the company distributes at least 90% of its taxable income in the form of dividends. Two Harbors Investment Corp. was externally managed until 2020. The switch to internal management better aligns the company’s goals with those of shareholders and improves the transparency of operations. Investors who wish to enroll in a share purchase or DRIP, dividend reinvestment program, should contact the company’s plan administrator, Equiniti Trust Company. Investors must be shareholders of record to participate in the plan.

 

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TWO Stock News Headlines

Two Harbors Investors Should Be Careful With the Dividend
Two Harbors Investment: Dividend Insights
Two Harbors Investment Becomes Oversold (TWO)
See More Headlines
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TWO Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 10/28 Dividend
9/30/2022
Dividend Payable
10/28/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
90187B10
Employees
105
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.83
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$187.23 million
Pretax Margin
256.06%

Debt

Sales & Book Value

Annual Sales
$168.60 million
Cash Flow
$6.09 per share
Book Value
$23.74 per share

Miscellaneous

Free Float
86,012,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.65

Key Executives

  • Mr. William Ross GreenbergMr. William Ross Greenberg (Age 54)
    Pres, CEO & Director
    Comp: $2.01M
  • Ms. Mary Kathryn RiskeyMs. Mary Kathryn Riskey (Age 58)
    VP & CFO
    Comp: $874.66k
  • Ms. Rebecca B. SandbergMs. Rebecca B. Sandberg (Age 50)
    VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $982.72k
  • Mr. Robert Rush (Age 54)
    VP & Chief Risk Officer
    Comp: $955.68k
  • Mr. Nicholas Letica
    VP & Chief Investment Officer
  • Mr. Matt Keen (Age 48)
    VP & CTO
  • Ms. Alecia Hanson (Age 41)
    VP & Chief Admin. Officer
  • Ms. Paulenier Sims
    Sr. Director of Investor Relations
  • Mr. Jason Vinar (Age 44)
    VP and Head of Mortgage Servicing & Operations
  • Ms. Sheila Lichty
    VP & Treasurer













TWO Stock - Frequently Asked Questions

Should I buy or sell Two Harbors Investment stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TWO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TWO, but not buy additional shares or sell existing shares.
View TWO analyst ratings
or view top-rated stocks.

What is Two Harbors Investment's stock price forecast for 2023?

5 brokerages have issued 1 year target prices for Two Harbors Investment's stock. Their TWO share price forecasts range from $16.00 to $22.00. On average, they expect the company's stock price to reach $17.83 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for TWO
or view top-rated stocks among Wall Street analysts.

How have TWO shares performed in 2022?

Two Harbors Investment's stock was trading at $23.08 at the beginning of the year. Since then, TWO shares have decreased by 30.3% and is now trading at $16.08.
View the best growth stocks for 2022 here
.

Are investors shorting Two Harbors Investment?

Two Harbors Investment saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 3,340,000 shares, a drop of 78.4% from the October 15th total of 15,450,000 shares. Based on an average daily trading volume, of 999,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.9% of the company's stock are short sold.
View Two Harbors Investment's Short Interest
.

When is Two Harbors Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our TWO earnings forecast
.

How were Two Harbors Investment's earnings last quarter?

Two Harbors Investment Corp. (NYSE:TWO) released its earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.08. The real estate investment trust had revenue of $22.53 million for the quarter, compared to the consensus estimate of $27.42 million. Two Harbors Investment had a trailing twelve-month return on equity of 17.82% and a net margin of 213.38%. The business's revenue for the quarter was down 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share.

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, September 21st. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.68 per share on Friday, October 28th. This represents a $2.72 dividend on an annualized basis and a yield of 16.92%. The ex-dividend date of this dividend is Friday, September 30th. This is an increase from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for TWO
.

Is Two Harbors Investment a good dividend stock?

Two Harbors Investment (NYSE:TWO) pays an annual dividend of $2.72 per share and currently has a dividend yield of 16.58%. TWO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TWO will have a dividend payout ratio of 219.35% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TWO.

When did Two Harbors Investment's stock split?

Two Harbors Investment shares reverse split on the morning of 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.

What other stocks do shareholders of Two Harbors Investment own?
What is Two Harbors Investment's stock symbol?

Two Harbors Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."

Who are Two Harbors Investment's major shareholders?

Two Harbors Investment's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (67.96%), Vanguard Group Inc. (44.73%), Allspring Global Investments Holdings LLC (4.61%), State Street Corp (15.15%), Massachusetts Financial Services Co. MA (10.22%) and Bank of New York Mellon Corp (3.88%). Insiders that own company stock include Mary Kathryn Riskey, Matthew Koeppen, Rebecca B Sandberg, Rebecca B Sandberg, Stephen G Kasnet, Thomas Siering and William Ross Greenberg.
View institutional ownership trends
.

How do I buy shares of Two Harbors Investment?

Shares of TWO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Two Harbors Investment's stock price today?

One share of TWO stock can currently be purchased for approximately $16.08.

How much money does Two Harbors Investment make?

Two Harbors Investment (NYSE:TWO) has a market capitalization of $1.39 billion and generates $168.60 million in revenue each year. The real estate investment trust earns $187.23 million in net income (profit) each year or $4.50 on an earnings per share basis.

How many employees does Two Harbors Investment have?

The company employs 105 workers across the globe.

How can I contact Two Harbors Investment?

Two Harbors Investment's mailing address is 601 CARLSON PARKWAY SUITE 1400, MINNETONKA MN, 55305. The official website for the company is www.twoharborsinvestment.com. The real estate investment trust can be reached via phone at (612) 453-4100, via email at margaret.karr@twoharborsinvestment.com, or via fax at 212-364-3289.

This page (NYSE:TWO) was last updated on 11/28/2022 by MarketBeat.com Staff