NYSE:TWOTwo Harbors Investment Stock Price, Forecast & News

$4.77

-0.05 (-1.04 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$4.75

Now: $4.77▼

$4.95

50-Day Range

$3.90

MA: $4.48▼

$4.96

52-Week Range

$2.25

Now: $4.77▼

$15.85

Volume4.81 million shs

Average Volume6.65 million shs

Market Capitalization$1.30 billion

P/E RatioN/A

Dividend Yield4.15%

Beta1.64

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. 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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Two Harbors Investment has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.97, Two Harbors Investment has a potential upside of 129.9% from its current price of $4.77.
Amount of Analyst Coverage
Two Harbors Investment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
Two Harbors Investment has received 480 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Two Harbors Investment has received 358 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Two Harbors Investment has received 57.28% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Two Harbors Investment is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Two Harbors Investment has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Two Harbors Investment is 14.60 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Two Harbors Investment will have a dividend payout ratio of 29.41 % next year. This indicates that Two Harbors Investment will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Two Harbors Investment insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.80% of the stock of Two Harbors Investment is held by insiders.
Percentage Held by Institutions
62.51% of the stock of Two Harbors Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Two Harbors Investment are expected to grow by 11.48% in the coming year, from $0.61 to $0.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Two Harbors Investment is -0.81, 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 Investment is -0.81, 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 Investment has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryMortgage REITs

SectorFinance

Current SymbolNYSE:TWO

Previous Symbol

CUSIP90187B10

CIK1465740

Webwww.twoharborsinvestment.com

Phone612-629-2500

Debt

Debt-to-Equity Ratio0.30

Current Ratio1.11

Quick Ratio1.11

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio7.82

P/E GrowthN/A

Sales & Book Value

Annual Sales$994.69 million

Price / Sales1.31

Cash Flow$2.36 per share

Price / Cash Flow2.02

Book Value$14.63 per share

Price / Book0.33

Profitability

EPS (Most Recent Fiscal Year)$1.37

Net Income$323.96 million

Net Margins-116.72%

Return on Equity10.49%

Return on Assets1.17%

Miscellaneous

EmployeesN/A

Outstanding Shares273,532,000

Market Cap$1.30 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Two Harbors Investment (NYSE:TWO) Frequently Asked Questions

How has Two Harbors Investment's stock been impacted by COVID-19 (Coronavirus)?

Two Harbors Investment's stock was trading at $11.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TWO shares have decreased by 60.1% and is now trading at $4.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Two Harbors Investment?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Two Harbors Investment in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Two Harbors Investment.

When is Two Harbors Investment's next earnings date?

Two Harbors Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Two Harbors Investment.

How were Two Harbors Investment's earnings last quarter?

Two Harbors Investment Corp (NYSE:TWO) posted its quarterly earnings data on Wednesday, May, 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.13. The real estate investment trust had revenue of $88.20 million for the quarter, compared to analysts' expectations of $40.30 million. Two Harbors Investment had a positive return on equity of 10.49% and a negative net margin of 116.72%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. View Two Harbors Investment's earnings history.

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 Monday, April 6th. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.05 per share on Wednesday, April 29th. This represents a $0.20 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, April 15th. 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 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.

What price target have analysts set for TWO?

9 analysts have issued 12 month price targets for Two Harbors Investment's stock. Their forecasts range from $6.00 to $16.00. On average, they anticipate Two Harbors Investment's stock price to reach $10.97 in the next year. This suggests a possible upside of 129.9% from the stock's current price. View analysts' price targets 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. " (5/9/2020)
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?

News coverage about TWO stock has trended neutral on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Two Harbors Investment earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned news headlines 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 stock's share price in the next few days. View the latest news aboutTwo Harbors Investment.

Are investors shorting Two Harbors Investment?

Two Harbors Investment saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 12,520,000 shares, an increase of 17.2% from the April 30th total of 10,680,000 shares. Based on an average trading volume of 8,500,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 4.6% of the company's stock are short sold. 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), Apollo Commercial Real Est. Finance (ARI), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR), Ready Capital (RC) and Dynex Capital (DX). View all competitors.

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), Washington Prime Group (WPG), Summit Midstream Partners (SMLP), Blackrock Capital Investment (BKCC), Viper Energy Partners (VNOM), Novocure (NVCR) and AGNC Investment (AGNC).

Who are Two Harbors Investment's key executives?

Two Harbors Investment's management team includes the following 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

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 a number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (3.08%), Delphi Financial Group Inc. (2.12%), Nan Shan Life Insurance Co. Ltd. (1.95%), Wells Fargo & Company MN (1.57%), State Street Corp (1.54%) and Massachusetts Financial Services Co. MA (1.14%). 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 State of Michigan Retirement System, UBS Group AG, Geode Capital Management LLC, Federated Hermes Inc., Capital Research Global Investors, Janus Henderson Group PLC, Two Sigma Investments LP, and Nan Shan Life Insurance Co. Ltd.. 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 activity for Two Harbors Investment.

Which institutional investors are buying Two Harbors Investment stock?

TWO stock was purchased by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, Nuveen Asset Management LLC, Delphi Financial Group Inc., Parametric Portfolio Associates LLC, Wells Fargo & Company MN, Rothschild & Co. Asset Management US Inc., APG Asset Management N.V., and APG Asset Management N.V.. 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 activity 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 $4.77.

How big of a company is Two Harbors Investment?

Two Harbors Investment has a market capitalization of $1.30 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.

What is Two Harbors Investment's official website?

The official website for Two Harbors Investment is www.twoharborsinvestment.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff