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TWO Stock Chart & Stats
$12.18
>-$0.01(-0.04%)
At close: 4:00 PM EDT
$12.18
>-$0.01(-0.04%)
Day’s Range― - ―
52-Week Range$8.78 - $14.17
Previous CloseN/A
Volume173.22K
Average Volume (3M)1.89M
Market Cap
$1.28B
Enterprise Value$7.66K
Total Cash (Recent Filing)$5.73B
Total Debt (Recent Filing)$6.62B
Price to Earnings (P/E)―
Beta0.56
Next Earnings
Nov 02, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend Yield11.17%
Share Statistics
EPS (TTM)-0.73
Shares Outstanding105,134,760
10 Day Avg. Volume1,858,184
30 Day Avg. Volume1,888,906
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$12.00Price Target Upside-1.48% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)1.2
Revenue Forecast (FY)$18.80M
Bulls Say, Bears Say
Bulls Say
Transaction CertaintyThe completed all-cash acquisition provides a defined outcome for shareholders and removes execution uncertainty. It also transfers Two Harbors into a larger mortgage platform, creating clearer strategic ownership and support.
Platform IntegrationIntegration with CrossCountry’s nationwide lending and servicing operations may provide broader infrastructure and distribution for Two Harbors’ mortgage-servicing assets. This structural combination could improve operating reach under private ownership.
Capital Structure SimplificationRedeeming preferred shares and addressing senior notes should simplify the inherited capital structure and reduce the complexity of maintaining multiple public securities. This may improve financial flexibility within CCM’s consolidated platform.
Bears Say
Negative Cash GenerationPersistently negative trailing operating and free cash flow limits financial flexibility for dividends, debt service, hedging and reinvestment. The choppy historical cash profile makes internally generated liquidity less dependable.
Earnings VolatilityLarge swings in net results indicate that earnings remain highly exposed to mortgage valuations, funding costs, prepayments and hedging outcomes. This reduces confidence in the sustainability of recurring profitability.
High Historical LeverageHigh historical leverage increases sensitivity to financing availability, borrowing costs and asset-value changes, which are central risks for a mortgage REIT. The reported shift to zero TTM debt also introduces uncertainty about balance-sheet comparability.
Two Harbors News
TWO FAQ
What was Two Harbors’s price range in the past 12 months?
Two Harbors lowest stock price was $8.78 and its highest was $14.17 in the past 12 months.
What is Two Harbors’s market cap?
Two Harbors’s market cap is $1.28B.
When is Two Harbors’s upcoming earnings report date?
Two Harbors’s upcoming earnings report date is Nov 02, 2026 which is in 66 days.
How were Two Harbors’s earnings last quarter?
Two Harbors released its earnings results on Jul 28, 2026. The company reported $0.28 earnings per share for the quarter, the consensus estimate of $0.28 by $0.
Is Two Harbors overvalued?
According to Wall Street analysts Two Harbors’s price is currently Overvalued.
Does Two Harbors pay dividends?
Two Harbors pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 11.17%. See more information on Two Harbors dividends here
What is Two Harbors’s EPS estimate?
Two Harbors’s EPS estimate is 0.25.
How many shares outstanding does Two Harbors have?
Two Harbors has 105,134,760 shares outstanding.
What happened to Two Harbors’s price movement after its last earnings report?
Two Harbors reported an EPS of $0.28 in its last earnings report, expectations of $0.28. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Two Harbors?
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
Underperform
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Analyst Consensus
Moderate Sell
Average Price Target:
$12.00 (-1.48% Downside)
$12.00 (-1.48% Downside)
Blogger Sentiment
Neutral
TWO Sentiment 67%
Sector Average 59%
Sector Average 59%
Hedge Fund Trend
Decreased
By 95.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 7.5%
Last 30 Days ▼ 7.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.89%
12-Months-Change
Fundamentals
Return on Equity
11.17%
Trailing 12-Months
Asset Growth
-31.85%
Trailing 12-Months
Company Description
Two Harbors
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
$12.00
▼(-1.48% 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
<0.01% Insiders
17.60% Mutual Funds
17.27% Other Institutional Investors
54.53% Public Companies and
Individual Investors