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TWO Stock Chart & Stats
$12.10
>-$0.01(-0.04%)
At close: 4:00 PM EDT
$12.10
>-$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
$1.27B
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 Yield11.3%
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-0.83% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)1.2
Revenue Forecast (FY)$18.80M
Bulls Say, Bears Say
Bulls Say
Strong MSR Economics & Market DemandDurable servicing (MSR) economics provide recurring fee income and higher prospective returns (servicing capital 11–14%). Robust servicing market demand, low delinquencies and rising MSR multiples underpin stable, less rate-sensitive earnings versus the securities sleeve and support long-term portfolio resilience.
Solid Liquidity And Recent Debt ReductionSubstantial cash on hand and the repayment of convertible notes materially reduce near-term refinancing risk and provide flexibility for dividend payments, merger execution, and opportunistic portfolio activity. Improved liquidity cushions funding stress for a financing-sensitive mortgage REIT.
Definitive Cash Merger De-risks Strategic PathA cash-backed merger into CrossCountry is a structural outcome that crystallizes shareholder value, removes public-capital-market execution risk, and integrates Two Harbors’ MSR and origination capabilities into a larger mortgage platform — a lasting strategic shift that reduces standalone operational uncertainty.
Bears Say
Weak Cash Generation (TTM Negative FCF)Consistent negative operating and free cash flow in the TTM undermines dividend sustainability and limits the firm’s ability to deleverage or reinvest. For a financing‑dependent mortgage REIT, persistent cash outflows increase reliance on external funding or asset sales during stressed conditions.
Historically Elevated Leverage And Balance-sheet RiskHigh historical leverage amplifies sensitivity to repo funding, rate moves and spread volatility, constraining strategic flexibility. The sudden reported TTM debt anomaly raises transparency and comparability concerns, leaving uncertainty about the firm’s true leverage profile during transition.
Earnings Volatility From RMBS Mark-to-market And Hedging CostsThe securities sleeve remains exposed to spread widening and interest‑rate moves, causing material quarter-to-quarter mark-to-market swings. Rising convexity hedging costs and elevated market volatility can erode net income and make distributable earnings unpredictable over the medium term.
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 Nov 02, 2026 which is in 78 days.
How were Two Harbors Investment Corp.’s earnings last quarter?
Two Harbors Investment Corp. 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 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 11.3%. 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 0.25.
How many shares outstanding does Two Harbors Investment Corp. have?
Two Harbors Investment Corp. has 105,134,760 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 $0.28 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 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
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$12.00 (-0.83% Downside)
$12.00 (-0.83% 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 ▼ 1.3%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.89%
12-Months-Change
Fundamentals
Return on Equity
11.30%
Trailing 12-Months
Asset Growth
-31.85%
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
$12.00
▼(-0.83% 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
1.55% Insiders
17.60% Mutual Funds
16.24% Other Institutional Investors
42.87% Public Companies and
Individual Investors