2H2 Stock Chart & Stats
€9.42
-€0.07(-0.64%)
At close: 4:00 PM EST
€9.42
-€0.07(-0.64%)
Day’s Range― - ―
52-Week Range€7.67 - €12.09
Previous CloseN/A
Volume0.00
Average Volume (3M)3.00
Market Cap
€1.15B
Enterprise Value€9.10B
Total Cash (Recent Filing)€476.40M
Total Debt (Recent Filing)€8.29B
Price to Earnings (P/E)―
Beta0.65
Next Earnings
Aug 05, 2026EPS Estimate
0.24Next Dividend Ex-DateN/A
Dividend Yield17.25%
Share Statistics
EPS (TTM)-3.82
Shares Outstanding105,046,330
10 Day Avg. Volume5
30 Day Avg. Volume3
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€9.63Price Target Upside2.18% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)1
Revenue Forecast (FY)€8.31M
Bulls Say, Bears Say
Bulls Say
Strong MSR PerformanceDurable servicing economics provide recurring fee income and lower mark-to-market sensitivity than the securities sleeve. Recent additions ($152M UPB), higher MSR multiples and low 60+ day delinquencies (<1%) indicate structural demand and stable cash generation from servicing over coming quarters.
Healthy Liquidity And Debt ActionMaterial cash reserves and near-term convertible repayment materially improve funding flexibility and reduce refinancing risk. Coupled with available MSR financing capacity and active repo markets, this strengthens Two Harbors' ability to manage leverage and survive adverse spread moves over the medium term.
Definitive Cash Merger Reduces Strategic UncertaintyA fully financed, all-cash transaction (with increased consideration and regulatory progress) provides a clear corporate outcome, de-risks capital markets exposure and offers a durable strategic path—integrating operations with a large originator which could stabilize servicing scale and funding access post-close.
Bears Say
Elevated LeverageVery high leverage materially amplifies losses from spread moves and interest-rate shifts. With negative ROE and reduced equity base, the capital cushion to absorb mark-to-market shocks is thin, constraining strategic flexibility and raising refinancing and covenant risk over the next several quarters.
Volatile Profitability And Weak Cash GenerationEarnings have swung from robust profit to deep losses; cash flow is inconsistent and FCF negative. This undermines the firm's ability to cover dividends, fund portfolio growth, or bolster capital without issuing debt/equity, leaving operations exposed to prolonged market stress and limiting durable earnings reliability.
Securities Sleeve Mark-to-market SensitivityThe portfolio's securities sleeve remains sensitive to spread widening and volatility; rising hedging costs and TBA/agency mark-to-market losses directly depress reported results. This structural exposure makes earnings and book value highly cyclical and dependent on interest-rate and spread dynamics over months.
Two Harbors News
2H2 FAQ
What was Two Harbors Investment Corp.’s price range in the past 12 months?
Two Harbors Investment Corp. lowest stock price was €7.67 and its highest was €12.09 in the past 12 months.
What is Two Harbors Investment Corp.’s market cap?
Two Harbors Investment Corp.’s market cap is €1.15B.
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 37 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 €0.292 earnings per share for the quarter, beating the consensus estimate of €0.223 by €0.069.
Is Two Harbors Investment Corp. overvalued?
According to Wall Street analysts Two Harbors Investment Corp.’s price is currently Undervalued.
Does Two Harbors Investment Corp. pay dividends?
Two Harbors Investment Corp. pays a Quarterly dividend of €0.299 which represents an annual dividend yield of 17.25%. 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 0.24.
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 €0.292 in its last earnings report, beating expectations of €0.223. Following the earnings report the stock price went up 5.274%.
Which hedge fund is a major shareholder of Two Harbors Investment Corp.?
Currently, no hedge funds are holding shares in DE:2H2
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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10
Analyst Consensus
Moderate Sell
Average Price Target:
€9.63 (2.18% Upside)
€9.63 (2.18% Upside)
Blogger Sentiment
Neutral
DE:2H2 Sentiment 50%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.77%
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.
2H2 Company Deck
2H2 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 DE:2H2 earnings summaries2H2 Stock 12 Month Forecast
Average Price Target
€9.63
▲(2.18% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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