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TWO Stock Chart & Stats
$11.12
-$0.14(-1.22%)
At close: 4:00 PM EST
$11.12
-$0.14(-1.22%)
Day’s Range― - ―
52-Week Range$8.78 - $14.17
Previous CloseN/A
Volume290.06K
Average Volume (3M)1.75M
Market Cap
$1.27B
Enterprise Value$9.10B
Total Cash (Recent Filing)$476.40M
Total Debt (Recent Filing)$8.29B
Price to Earnings (P/E)―
Beta0.59
Next Earnings
Aug 05, 2026EPS Estimate
0.28Next Dividend Ex-DateN/A
Dividend Yield14.29%
Share Statistics
EPS (TTM)-3.82
Shares Outstanding105,046,330
10 Day Avg. Volume2,706,919
30 Day Avg. Volume1,745,433
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.61
Price to Sales (P/S)1.81
P/FCF Ratio-72.58
Enterprise Value/Market Cap7.18
Enterprise Value/Revenue11.89
Enterprise Value/Gross Profit13.52
Enterprise Value/Ebitda70.48
Forecast
1Y Price Target
$11.00Price Target Upside-1.08% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)1.14
Revenue Forecast (FY)$16.30M
Bulls Say, Bears Say
Bulls Say
Strong MSR Economics & Market DemandTwo Harbors’ hedged MSR platform generated durable fee-like returns, with MSR multiple improvement and $152M UPB additions. Persistent servicing demand and low delinquencies (<1%) support recurring servicing cash flows and a less rate‑sensitive earnings sleeve versus trading marks, improving long-term revenue stability.
Healthy Liquidity And Debt Reduction ActionsMaterial cash reserves and retirement of convertible debt materially lower near-term refinancing risk and support dividend continuity and operating flexibility. Strong liquidity cushions repo funding needs and allows opportunistic portfolio positioning through volatile RMBS markets, improving resilience over months.
Merger With CrossCountry Creates Cash-certain OutcomeThe all-cash merger to be controlled by CrossCountry materially de-risks public-market execution risk and delivers a clear liquidity event for shareholders. Integration into CrossCountry’s origination/servicing franchise can strengthen MSR scale and operational alignment, altering capital allocation and reducing public reporting volatility long-term.
Bears Say
Elevated Leverage And Economic GearingTwo Harbors’ high balance-sheet leverage leaves limited capital buffer against spread widening or funding shocks; economic debt/equity metrics indicate substantial amplification of portfolio moves. Elevated gearing increases risk of margin compression, liquidity strain from repo calls, and rapid equity erosion during adverse market cycles.
Volatile Profitability And Negative Free Cash FlowA large TTM net loss and negative free cash flow signal earnings are currently driven by mark-to-market swings rather than stable operating cash generation. Weak cash conversion undermines dividend sustainability, restricts reinvestment capacity, and elevates reliance on external funding or asset sales to meet capital needs over the medium term.
Securities Sleeve Sensitivity And Hedging Cost PressureThe securities portfolio remains highly sensitive to interest-rate and spread moves; rising convexity hedging costs can persistently depress net returns when volatility is elevated. That structural exposure creates recurring mark-to-market volatility, undermining predictable net interest income and putting upside pressure on funding and hedging expense over time.
Two Harbors News
TWO FAQ
What was Two Harbors Investment Corp.’s price range in the past 12 months?
Two Harbors Investment Corp. lowest stock price was $8.78 and its highest was $14.17 in the past 12 months.
What is Two Harbors Investment Corp.’s market cap?
Two Harbors Investment Corp.’s market cap is $1.27B.
When is Two Harbors Investment Corp.’s upcoming earnings report date?
Two Harbors Investment Corp.’s upcoming earnings report date is Aug 05, 2026 which is in 26 days.
How were Two Harbors Investment Corp.’s earnings last quarter?
Two Harbors Investment Corp. released its earnings results on Apr 28, 2026. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08.
Is Two Harbors Investment Corp. overvalued?
According to Wall Street analysts Two Harbors Investment Corp.’s price is currently Overvalued.
Does Two Harbors Investment Corp. pay dividends?
Two Harbors Investment Corp. pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 14.29%. See more information on Two Harbors Investment Corp. dividends here
What is Two Harbors Investment Corp.’s EPS estimate?
Two Harbors Investment Corp.’s EPS estimate is 0.28.
How many shares outstanding does Two Harbors Investment Corp. have?
Two Harbors Investment Corp. has 105,046,330 shares outstanding.
What happened to Two Harbors Investment Corp.’s price movement after its last earnings report?
Two Harbors Investment Corp. reported an EPS of $0.34 in its last earnings report, beating expectations of $0.26. Following the earnings report the stock price went up 4.997%.
Which hedge fund is a major shareholder of Two Harbors Investment Corp.?
Currently, no hedge funds are holding shares in TWO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Two Harbors Stock Smart Score
Neutral
1
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3
4
5
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7
8
9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$11.00 (-1.08% Downside)
$11.00 (-1.08% Downside)
Blogger Sentiment
Neutral
TWO Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 43.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.69%
12-Months-Change
Fundamentals
Return on Equity
-19.11%
Trailing 12-Months
Asset Growth
-23.02%
Trailing 12-Months
Company Description
Two Harbors Investment Corp.
Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. The firm is actively involved in acquiring, funding, and overseeing a diverse portfolio of financial instruments, primarily residential mortgage-backed securities (RMBS). This portfolio encompasses both agency RMBS – which are often backed by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans – as well as non-agency securities, mortgage servicing rights (MSRs), and other related financial assets. Being structured as a REIT grants the company specific federal income tax advantages, contingent on distributing a minimum of 90% of its annual taxable earnings to its shareholders. Established in 2009, Two Harbors Investment Corp. maintains its corporate headquarters in Minnetonka, Minnesota.
TWO Company Deck
TWO Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call balanced meaningful near-term challenges—quarterly mark-to-market losses, a comprehensive loss of $24.7M and a decline in book value—with material strategic and operational positives: a definitive cash merger (increased to $11.30/share) providing shareholder certainty, strong MSR performance and market demand, solid liquidity and improved risk metrics. While RMBS market volatility and spread widening pressured the securities sleeve this quarter, the company highlighted durable MSR economics, an improving origination platform, and an attractive prospective return profile. On net, the strategic certainties and operational strengths (especially MSR and the merger) outweigh the quarterly performance headwinds.View all TWO earnings summariesTWO Stock 12 Month Forecast
Average Price Target
$11.00
▼(-1.08% Downside)
Technical Analysis
Chimera Investment
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MFA Financial
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PennyMac Mortgage
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Orchid Island Capital
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Franklin BSP Realty Trust
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Ownership Overview
1.56% Insiders
17.62% Mutual Funds
<0.01% Other Institutional Investors
51.33% Public Companies and
Individual Investors