TWO — Two Harbors Investment Corp. stock price, charts and financials
QT56Two Harbors Investment Corp.Two Harbors Investment Corp. (NYSE: TWO) is a Real Estate company in the REIT - Mortgage industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.
| Index | - | P/E | - | EPS (ttm) | -0.74 | Insider Own | 7.81% | Shs Outstand | 105.05M | Perf Week | -0.25% |
| Market Cap | 1.27B | Forward P/E | 10.25 | EPS next Y | 1.18 | Insider Trans | -0.14% | Shs Float | 104.10M | Perf Month | -0.17% |
| Enterprise Value | 2.15B | PEG | - | EPS next Q | 0.26 | Inst Own | - | Short Float | 3.75% | Perf Quarter | -1.31% |
| Income | -22.00M | P/S | 1.48 | EPS this Y | 261.94% | Inst Trans | - | Short Ratio | 1.90 | Perf Half Y | 1.86% |
| Sales | 859.00M | P/B | 0.73 | EPS next Y | -1.74% | ROA | -0.25% | Short Interest | 3.90M | Perf YTD | 14.95% |
| Book/sh | 16.61 | P/C | 0.22 | EPS next 5Y | -1.74% | ROE | -1.23% | 52W High | 14.17 -14.82% | Perf Year | 23.42% |
| Cash/sh | 54.59 | P/FCF | - | EPS past 3/5Y | - | ROIC | 4.41% | 52W Low | 8.78 37.47% | Perf 3Y | -11.25% |
| Dividend Est. | 1.36 (11.27%) | EV/EBITDA | 6.77 | Sales past 3/5Y | 259.90% - | Gross Margin | 78.00% | Volatility | 0.31% 0.28% | Perf 5Y | -52.93% |
| Dividend TTM | 1.36 (11.27%) | EV/Sales | 2.51 | EPS Y/Y TTM | -131.22% | Oper. Margin | 49.79% | ATR (14) | 0.05 | Perf 10Y | -78.86% |
| Dividend Ex-Date | Jul 02, 2026 | Quick Ratio | 0.18 | Sales Y/Y TTM | 1.54% | Profit Margin | -2.53% | RSI (14) | 40.65 | Recom | 2.86 |
| Dividend Gr. 3/5Y | -7.21% -4.01% | Current Ratio | 0.18 | EPS Q/Q | 211.11% | SMA20 | -0.17% | Beta | 1.03 | Target Price | 13.00 |
| Payout | -808.49% | Debt/Eq | 4.79 | Sales Q/Q | 78.99% | SMA50 | -1.37% | Rel Volume | 3.94 | Prev Close | 12.05 |
| Employees | 486 | LT Debt/Eq | 0.21 | Earnings | Oct 26 | SMA200 | 7.43% | Avg Volume | 2.25M | Price | 12.07 |
| IPO Date | Oct 30, 2009 | Option/Short | Yes / Yes | EPS/Sales Surpr. | -0.11% -163.71% | Net Debt/EBITDA | 18.78 | Volume | 8,868,183 | Change | 0.17% |
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Jun-09-26 | Reiterated | Compass Point | Neutral | $13 |
| Apr-16-26 | Downgrade | JP Morgan | Neutral → Underweight | |
| Mar-27-26 | Downgrade | Compass Point | Buy → Neutral | |
| Jan-23-26 | Downgrade | UBS | Buy → Neutral | $11 → $14 |
| Dec-18-25 | Downgrade | Maxim Group | Buy → Hold | |
| Sep-03-25 | Reiterated | UBS | Buy | $15 → $11 |
| Jul-03-25 | Downgrade | JMP Securities | Market Outperform → Market Perform | |
| Sep-19-24 | Reiterated | JMP Securities | Market Outperform | $15 |
| Jun-07-24 | Upgrade | UBS | Neutral → Buy | |
| Feb-29-24 | Reiterated | UBS | $15 |
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.
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| Line Item (USD, M) | TTM — | FY 2025 12/31/2025 | FY 2024 12/31/2024 | FY 2023 12/31/2023 | FY 2022 12/31/2022 | FY 2021 12/31/2021 | FY 2020 12/31/2020 | FY 2019 12/31/2019 | FY 2018 12/31/2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 859 | 606 | 846 | 640 | 13 | -143 | -863 | 1,899 | 708 | |
| Cost of Goods Sold Incl. D&A | 189 | 13 | -38 | 74 | 94 | 86 | 126 | 135 | 91 | |
| Gross Profit | 670 | 593 | 884 | 566 | -82 | -229 | -989 | 1,764 | 617 | |
| Selling, General and Administrative Excl. Other | 117 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other Operating Expense | 124 | 177 | -67 | 7 | -664 | -510 | 390 | 725 | 4 | |
| Operating Income | 426 | 416 | 951 | 560 | 583 | 281 | -1,379 | 1,039 | 613 | |
| Interest Expense | 407 | 491 | 608 | 643 | 258 | 89 | 281 | 714 | 520 | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | -25 | -370 | 1 | 0 | 0 | 0 | -6 | -14 | -95 | |
| Net Income Before Taxes | -6 | -445 | 345 | -83 | 324 | 191 | -1,666 | 310 | -2 | |
| Income Taxes | 17 | 9 | 47 | 23 | 104 | 4 | -36 | -14 | 42 | |
| Consolidated Net Income | -22 | -454 | 298 | -106 | 220 | 187 | -1,630 | 324 | -44 | |
| Net Income From Continuing Operations | -22 | -454 | 298 | -106 | 220 | 187 | -1,630 | 324 | -44 | |
| Net Income | -22 | -454 | 298 | -106 | 220 | 187 | -1,630 | 324 | -44 | |
| EPS (Recurring) | -0.73 | -4.36 | 2.41 | -1.60 | 2.15 | 1.72 | -23.83 | 3.72 | -0.86 | |
| EPS (Basic, Before Extraordinaries) | -0.73 | -4.36 | 2.41 | -1.60 | 2.15 | 1.72 | -23.83 | 3.72 | -0.86 | |
| EPS (Diluted) | -0.74 | -4.36 | 2.37 | -1.60 | 2.13 | 1.72 | -23.83 | 3.72 | -0.86 | |
| EBITDA | 318 | 46 | 953 | 560 | 583 | 281 | -1,385 | 1,025 | 517 | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | — | — | 4.99 | — | 7.40 | 13.42 | — | 15.72 | — | |
| Price To Sales Ratio | 1.48 | 1.80 | 1.45 | 2.09 | 116.46 | -11.94 | -2.01 | 2.06 | 3.77 | |
| Gross Margin | 78.00 | 97.85 | 104.49 | 88.44 | -630.77 | 160.14 | 114.60 | 92.89 | 87.15 | |
| Operating Margin | 49.59 | 68.65 | 112.41 | 87.50 | 4,484.62 | -196.50 | 159.79 | 54.71 | 86.58 | |
| Net Margin | -2.56 | -74.92 | 35.22 | -16.56 | 1,692.31 | -130.77 | 188.88 | 17.06 | -6.21 | |
| Shares Outstanding | 105 | 104 | 104 | 96 | 96 | 74 | 68 | 67 | 52 | |
| Market Capitalization | 1,267 | 1,092 | 1,230 | 1,337 | 1,514 | 1,708 | 1,733 | 3,918 | 2,671 | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| Abraham Spencer | Director | May 15 '26 | Sale | 12.57 | 4,522 | 56,864 | 35,039 | May 15 |
| KASNET STEPHEN G | Director | May 15 '26 | Sale | 12.57 | 7,034 | 88,417 | 95,993 | May 15 |
| Halm Jillian | Chief Accounting Officer | Jan 15 '26 | Sale | 13.18 | 379 | 4,995 | 18,833 | Jan 15 |
| Campbell James D | EVP Servicing Ops RoundPoint | Jan 12 '26 | Sale | 12.39 | 1,692 | 20,964 | 37,056 | Jan 12 |
| BOUCHER NATHAN | EVP General Counsel RoundPoint | Jan 12 '26 | Sale | 12.25 | 666 | 8,159 | 27,249 | Jan 12 |
| Halm Jillian | Chief Accounting Officer | Jan 12 '26 | Sale | 12.25 | 1,744 | 21,364 | 19,212 | Jan 12 |
| BOUCHER NATHAN | EVP General Counsel RoundPoint | Jan 09 '26 | Sale | 12.37 | 601 | 7,434 | 27,915 | Jan 12 |
| Dellal William | Chief Financial Officer | Dec 22 '25 | Sale | 11.44 | 7,087 | 81,099 | 36,703 | Dec 22 |
| LETICA NICHOLAS | Chief Investment Officer | Dec 19 '25 | Sale | 11.42 | 55,488 | 633,723 | 166,507 | Dec 19 |
| Sandberg Rebecca B | Chief Legal Officer | Dec 19 '25 | Sale | 11.43 | 27,370 | 312,787 | 156,718 | Dec 19 |
| RUSH ROBERT | Chief Risk Officer | Dec 19 '25 | Sale | 11.43 | 23,594 | 269,561 | 98,207 | Dec 19 |
| HANSON ALECIA | Chief Administrative Officer | Dec 19 '25 | Sale | 11.41 | 10,768 | 122,913 | 45,288 | Dec 19 |
| GREENBERG WILLIAM ROSS | Chief Executive Officer | Dec 19 '25 | Sale | 11.42 | 103,893 | 1,186,458 | 700,699 | Dec 19 |
| LETICA NICHOLAS | Chief Investment Officer | Aug 18 '25 | Sale | 10.02 | 8,654 | 86,713 | 160,281 | Aug 18 |
| Abraham Spencer | Director | May 16 '25 | Sale | 11.98 | 3,641 | 43,619 | 39,561 | May 16 |