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NYSE:TWO

Two Harbors Investment (TWO) Stock Price, News & Analysis

$14.00
+0.09 (+0.65%)
(As of 08/28/2024 ET)
Today's Range
$13.91
$14.03
50-Day Range
$12.60
$14.10
52-Week Range
$9.83
$14.59
Volume
534,077 shs
Average Volume
1.08 million shs
Market Capitalization
$1.45 billion
P/E Ratio
7.86
Dividend Yield
12.86%
Price Target
$14.90

Two Harbors Investment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.5% Upside
$14.90 Price Target
Short Interest
Healthy
2.82% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of Two Harbors Investment in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
78.26%
From $0.46 to $0.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.36 out of 5 stars

Finance Sector

371st out of 876 stocks

Real Estate Investment Trusts Industry

69th out of 174 stocks

TWO stock logo

About Two Harbors Investment Stock (NYSE:TWO)

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.

 

TWO Stock Price History

TWO Stock News Headlines

Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) PT at $14.90
Biden’s 19-Page Memo Just Sparked an $18.3 BILLION Income Opportunity
President Biden is ready to overhaul the economy on a MASSIVE scale... And his new economic policy is allowing in-the-know Americans to claim as much as $7,882 every quarter — all courtesy of the U.S. government.
ICE Dec 2024 170.000 put (ICE241220P00170000)
Biden’s 19-Page Memo Just Sparked an $18.3 BILLION Income Opportunity
President Biden is ready to overhaul the economy on a MASSIVE scale... And his new economic policy is allowing in-the-know Americans to claim as much as $7,882 every quarter — all courtesy of the U.S. government.
TWO Aug 2024 12.000 call
Two Harbors appoints interim CFO, acting CAO
See More Headlines
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Company Calendar

Ex-Dividend for 7/29 Dividend
7/05/2024
Dividend Payable
7/29/2024
Last Earnings
7/30/2024
Today
8/29/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
90187B10
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.90
High Stock Price Target
$17.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-106,370,000.00
Pretax Margin
34.64%

Debt

Sales & Book Value

Annual Sales
$322.40 million
Cash Flow
$0.71 per share
Book Value
$15.38 per share

Miscellaneous

Free Float
102,863,000
Market Cap
$1.45 billion
Optionable
Optionable
Beta
1.86
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TWO Stock Analysis - Frequently Asked Questions

How have TWO shares performed this year?

Two Harbors Investment's stock was trading at $13.93 at the start of the year. Since then, TWO stock has increased by 0.5% and is now trading at $13.9950.
View the best growth stocks for 2024 here
.

How were Two Harbors Investment's earnings last quarter?

Two Harbors Investment Corp. (NYSE:TWO) posted its earnings results on Tuesday, July, 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The real estate investment trust had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a trailing twelve-month return on equity of 3.64%.

When did Two Harbors Investment's stock split?

Two Harbors Investment shares reverse split before market open on 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.

Who are Two Harbors Investment's major shareholders?

Top institutional shareholders of Two Harbors Investment include Allspring Global Investments Holdings LLC (5.02%), Massachusetts Financial Services Co. MA (2.11%), Van ECK Associates Corp (0.83%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include William Ross Greenberg, Nicholas Letica, Rebecca B Sandberg, Stephen G Kasnet, Mary Kathryn Riskey, Robert Rush, Jason Vinar, Matthew Keen and Alecia Hanson.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Two Harbors Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Two Harbors Investment investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), New Residential Investment (NRZ), Washington Prime Group (WPG), Calumet Specialty Products Partners (CLMT), Summit Midstream Partners (SMLP) and BlackRock Capital Investment (BKCC).

This page (NYSE:TWO) was last updated on 8/29/2024 by MarketBeat.com Staff

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