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$870.03 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/5/2019 (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 announced a quarterly dividend on Thursday, September 19th. Investors of record on Monday, September 30th will be given a dividend of $0.40 per share on Monday, October 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.91%. The ex-dividend date is Friday, September 27th. 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 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) issued its quarterly earnings results on Tuesday, August, 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.03. The real estate investment trust had revenue of $68.59 million for the quarter, compared to analysts' expectations of $63.20 million. Two Harbors Investment had a positive return on equity of 13.49% and a negative net margin of 57.33%. During the same quarter last year, the business earned $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?
8 analysts have issued 1-year target prices for Two Harbors Investment's stock. Their predictions range from $13.50 to $16.00. On average, they expect Two Harbors Investment's share price to reach $14.69 in the next year. This suggests a possible upside of 9.4% from the stock's current price. View Analyst Price Targets for Two Harbors Investment.
What is the consensus analysts' recommendation for Two Harbors Investment?
8 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 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. " (10/11/2019)
- 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 stories about TWO stock have been trending negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Two Harbors Investment earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Two Harbors Investment.
Are investors shorting Two Harbors Investment?
Two Harbors Investment saw a decrease in short interest in the month of September. As of September 15th, there was short interest totalling 4,780,000 shares, a decrease of 20.2% from the August 15th total of 5,990,000 shares. Based on an average trading volume of 2,490,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.8% of the shares of the 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 UDR (UDR), Sun Communities (SUI), ANNALY CAP MGMT/SH (NLY), Equity Lifestyle Properties (ELS), Gecina (GECFF), Host Hotels and Resorts (HST), Duke Realty (DRE), Vornado Realty Trust (VNO), Regency Centers (REG), Camden Property Trust (CPT), VICI Properties (VICI), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), SINO LD LTD/S (SNLAY) and Vereit (VER).
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), Summit Midstream Partners (SMLP), Novocure (NVCR), Viper Energy Partners (VNOM) and Main Street Capital (MAIN).
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
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 $13.43.
How big of a company is Two Harbors Investment?
Two Harbors Investment has a market capitalization of $3.67 billion and generates $870.03 million in revenue each year. The real estate investment trust earns $-44,290,000.00 in net income (profit) each year or $1.97 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.
