TWO - Two Harbors Investment Corp Stock Price, Fair Value and News

12.47USD-0.09 (-0.72%)Market Closed

Market Summary

USD12.47-0.09

Market Closed

-0.72%

TWO Stock Price

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TWO RSI Chart

TWO Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

-12.12

Price/Sales (Trailing)

1.88

EV/EBITDA

-2.27

Price/Free Cashflow

3.75

TWO Price/Sales (Trailing)

TWO Profitability

EBT Margin

-12.16%

Return on Equity

-4.83%

Return on Assets

-0.81%

Free Cashflow Yield

26.63%

TWO Fundamentals

TWO Revenue

Revenue (TTM)

685.8M

Rev. Growth (Yr)

10.99%

Rev. Growth (Qtr)

-0.01%

TWO Earnings

Earnings (TTM)

-106.4M

Earnings Growth (Yr)

-60.31%

Earnings Growth (Qtr)

-241.48%

Breaking Down TWO Revenue

Last 7 days

7.9%

Last 30 days

-2.9%

Last 90 days

-6.0%

Trailing 12 Months

-9.2%

How does TWO drawdown profile look like?

TWO Financial Health

TWO Investor Care

Dividend Yield

22.87%

Dividend/Share (TTM)

2.92

Shares Dilution (1Y)

19.67%

Diluted EPS (TTM)

-1.78

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	620.6M	638.3M	668.1M	685.8M
2022	497.9M	542.6M	568.5M	603.9M
2021	376.7M	382.2M	415.4M	468.4M
2020	1.0B	851.0M	691.0M	525.0M
2019	921.5M	995.2M	1.0B	994.7M
2018	770.0M	772.6M	813.2M	870.0M
2017	624.5M	667.5M	710.3M	745.1M
2016	558.7M	547.9M	548.4M	575.1M
2015	601.6M	614.0M	624.6M	601.9M
2014	801.6M	554.1M	558.4M	577.2M
2013	617.5M	899.2M	910.9M	911.0M
2012	267.3M	332.3M	390.9M	455.0M
2011	53.8M	85.5M	141.4M	201.6M
2010	11.9M	20.9M	30.0M	40.1M
2009	0	0	0	2.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Two Harbors Investment Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 27, 2024	vinar jason	sold	-24,948	12.6002	-1,980	chief operating officer
Feb 27, 2024	hanson alecia	sold	-21,735	12.6002	-1,725	chief administrative officer
Feb 27, 2024	rush robert	sold	-47,565	12.6002	-3,775	chief risk officer
Feb 27, 2024	keen matthew	sold	-23,827	12.6002	-1,891	chief technology officer
Feb 09, 2024	keen matthew	sold	-10,637	12.2976	-865	chief technology officer
Feb 09, 2024	riskey mary kathryn	sold	-26,439	12.2976	-2,150	chief financial officer
Feb 09, 2024	sandberg rebecca b	sold	-29,022	12.2976	-2,360	chief legal officer
Feb 09, 2024	rush robert	sold	-27,731	12.2976	-2,255	chief risk officer
Feb 09, 2024	greenberg william ross	sold	-88,173	12.2976	-7,170	chief executive officer
Feb 09, 2024	hanson alecia	sold	-11,092	12.2976	-902	chief administrative officer

Which funds bought or sold TWO recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-6,683,120	-	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	67.45	27,625	69,419	-%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	-222	4,250	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-8.8	-67,000	439,000	-%
Apr 23, 2024	Louisiana State Employees Retirement System	added	6.24	6,531	676,564	0.01%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	sold off	-100	-321,189	-	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	35,148	709,594	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-0.49	-9,583	167,301	-%
Apr 19, 2024	State of Alaska, Department of Revenue	added	6.25	8,000	832,000	0.01%
Apr 19, 2024	Red Tortoise LLC	unchanged	-	-124	2,383	-%

Are Funds Buying or Selling TWO?

Are funds buying TWO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TWO

No. of Funds

Unveiling Two Harbors Investment Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.99%	10,571,743	SC 13G/A
Jan 22, 2024	blackrock inc.	17.0%	16,360,279	SC 13G/A
Jan 11, 2024	allspring global investments holdings, llc	5.35%	5,150,572	SC 13G
Feb 09, 2023	vanguard group inc	11.37%	9,823,329	SC 13G/A
Jan 23, 2023	blackrock inc.	17.5%	15,153,726	SC 13G
Mar 11, 2022	blackrock inc.	17.8%	61,284,292	SC 13G/A
Feb 08, 2022	blackrock inc.	17.8%	61,284,292	SC 13G
Jul 12, 2021	vanguard group inc	10.58%	28,956,357	SC 13G/A
Jul 12, 2021	blackrock inc.	18.2%	49,788,671	SC 13G/A
Mar 10, 2021	blackrock inc.	10.4%	28,369,008	SC 13G/A

Recent SEC filings of Two Harbors Investment Corp

View All Filings

Date Filed	Form Type	Document
Apr 15, 2024	144	Notice of Insider Sale Intent
Apr 03, 2024	ARS	ARS
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A
Mar 08, 2024	3	Insider Trading
Mar 04, 2024	8-K	Current Report
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading

Peers (Alternatives to Two Harbors Investment Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.8B	11.1B	-9.63%	-14.57%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.14%	-23.31%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	3.01%	9.02%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-4.73%	-3.60%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.98%	8.50%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	1.26%	0.15%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	-0.65%	20.81%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	3.35%	7.17%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.98%	126.14%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-4.94%	65.24%	-12.32	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	2.71%	21.12%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.88%	3.60%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-6.60%	4.26%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	3.60%	-29.41%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-9.02%	-18.46%	-26.34	1.5	44.33%	96.06%

Two Harbors Investment Corp News

Latest updates

Two Harbors Investment Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.0%	179	179	175	153	161	149	158	137	126	123	113	107	73.00	90.00	107	256	238	250	261	245	252
Costs and Expenses	-170.1%	-38.20	55.00	46.00	53.00	-45.90	42.00	43.00	44.00	-51.62	38.00	37.00	41.00	42.00	-88.86	194	50.00	52.00	48.00	44.00	48.00	47.00
EBITDA Margin	-1382.4%	-0.36*	-0.02*	0.00*	-0.32*	0.60*	1.15*	0.78*	0.67*	0.58*	1.26*	1.82*	1.78*	-	-	-	-	-	-	-	-	-
Interest Expenses	7.7%	-45.68	-49.49	-41.80	-25.90	-16.32	11.00	20.00	23.00	13.00	14.00	19.00	33.00	50.00	61.00	45.00	88.00	71.00	59.00	69.00	82.00	90.00
Income Taxes	-180.4%	-29.24	36.00	20.00	-3.91	8.00	21.00	26.00	49.00	2.00	0.00	-20.90	23.00	4.00	-8.20	-18.16	-13.14	-2.37	-3.56	2.00	-10.04	7.00
Earnings Before Taxes	-235.0%	-462	343	217	-180	-261	299	-46.51	334	1.00	67.00	-138	263	215	194	-191	-1,882	132	302	-88.15	-35.97	-547
EBT Margin	-169.2%	-0.12*	0.18*	0.11*	-0.31*	0.54*	1.03*	0.65*	0.53*	0.41*	0.98*	1.39*	1.27*	-	-	-	-	-	-	-	-	-
Net Income	-241.5%	-433	306	197	-176	-270	278	-72.42	285	-1.29	66.00	-117	240	192	202	-173	-1,869	116	287	-109	-44.88	-573
Net Income Margin	-283.1%	-0.16*	0.08*	0.04*	-0.39*	0.36*	0.86*	0.51*	0.47*	0.40*	0.92*	1.35*	1.22*	-	-	-	-	-	-	-	-	-
Free Cashflow	-10.3%	110	122	111	0.00	236	369	70.00	-51.34	43.00	230	214	-63.36	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-5.6%	13,139	13,917	14,010	13,940	13,466	14,696	13,737	12,274	12,114	11,485	12,502	15,992	19,516	20,588	21,482	22,203	35,922	32,164	34,340	28,501	30,132
Cash Equivalents	13.3%	730	644	699	708	683	732	512	620	1,154	1,076	1,281	1,159	1,385	1,615	1,616	1,207	558	741	434	512	410
Liabilities	-7.3%	10,935	11,800	11,794	11,695	11,283	12,551	11,254	9,645	9,370	8,750	10,018	13,271	16,427	17,568	18,646	19,299	30,951	27,145	29,471	23,726	25,878
Shareholder's Equity	4.1%	2,203	2,117	2,216	2,246	2,184	2,144	2,484	2,629	2,744	2,735	2,484	2,721	3,089	3,020	2,836	2,904	4,970	5,020	4,869	4,774	4,254
Additional Paid-In Capital	1.7%	5,925	5,826	5,825	5,830	5,646	5,643	5,633	5,630	5,628	5,429	5,170	5,166	5,164	5,161	5,159	5,156	5,155	5,152	5,149	5,147	4,810
Shares Outstanding	7.3%	103	96.00	96.00	97.00	86.00	86.00	86.00	86.00	74.00	71.00	68.00	68.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,300	-	-	-	1,700	-	-	-	2,100	-	-	-	1,400	-	-	-	3,400	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-10.3%	110	122	111	0.00	236	369	70.00	-51.34	43.00	230	214	-63.36	253	226	52.00	100	206	324	362	166	182
Share Based Compensation	2.3%	2.00	2.00	2.00	6.00	2.00	2.00	3.00	4.00	3.00	3.00	5.00	2.00	2.00	3.00	2.00	2.00	3.00	2.00	2.00	2.00	3.00
Cashflow From Investing	1267.7%	777	57.00	40.00	-1,069	882	-2,247	-674	-711	-474	626	3,258	2,904	1,462	600	2,032	10,810	-3,451	2,564	-7,844	2,654	374
Cashflow From Financing	-629.5%	-1,137	-155	45.00	769	-1,566	2,314	268	150	659	-1,143	-3,295	-3,515	-1,281	-664	-1,920	-10,639	3,613	-2,428	7,495	-3,138	-769
Dividend Payments	0%	44.00	44.00	58.00	52.00	59.00	59.00	59.00	59.00	54.00	47.00	47.00	47.00	38.00	38.00	14.00	109	109	109	128	117	77.00
Buy Backs	-	-	-	7.00	-	-	-	-	-	-	-	-	-	-	-	-	1.00	-	0.00	-	-	-

TWO Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net interest income (expense):
Interest income	$ 480,364	$ 295,540	$ 168,597
Interest expense	643,225	258,395	89,173
Net interest (expense) income	(162,861)	37,145	79,424
Net Servicing Income [Abstract]
Servicing income	685,777	603,911	468,406
Servicing costs	95,488	94,119	86,250
Net Servicing Income	590,289	509,792	382,156
Other income (loss):
(Loss) gain on investment securities	(69,970)	(603,937)	121,617
(Loss) gain on servicing asset	(111,620)	425,376	(114,941)
(Loss) gain on interest rate swap and swaption agreements	(52,946)	29,499	42,091
(Loss) gain on other derivative instruments	(166,210)	9,310	(251,283)
Other income (loss)	5,103	(5)	(3,845)
Total other loss	(395,643)	(139,757)	(206,361)
Expenses:
Compensation and benefits	52,865	40,723	35,041
Other operating expenses	62,313	42,005	28,759
Total expenses	115,178	82,728	63,800
(Loss) income before income taxes	(83,393)	324,452	191,419
Provision for income taxes	22,978	104,213	4,192
Net (loss) income	(106,371)	220,239	187,227
Dividends on preferred stock	(48,607)	(53,607)	(58,458)
Gain on repurchase and retirement of preferred stock	2,973	20,149	0
Net (loss) income attributable to common stockholders	$ (152,005)	$ 186,781	$ 128,769
Basic (loss) earnings per weighted average common share	$ (1.60)	$ 2.15	$ 1.72
Diluted (loss) earnings per weighted average common share	$ (1.60)	$ 2.13	$ 1.72
Weighted average basic common shares (in shares)	95,672,143	86,179,418	74,443,000
Weighted average diluted common shares (in shares)	95,672,143	96,076,175	74,510,884
Comprehensive loss:
Net (loss) income	$ (106,371)	$ 220,239	$ 187,227
Other comprehensive income (loss):
Unrealized gain (loss) on available-for-sale securities	102,282	(465,057)	(455,255)
Other comprehensive income (loss)	102,282	(465,057)	(455,255)
Comprehensive loss	(4,089)	(244,818)	(268,028)
Dividends on preferred stock	(48,607)	(53,607)	(58,458)
Gain on repurchase and retirement of preferred stock	2,973	20,149	0
Comprehensive loss attributable to common stockholders	$ (49,723)	$ (278,276)	$ (326,486)

TWO Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Available-for-sale securities, at fair value (amortized cost $8,509,383 and $8,114,627, respectively; allowance for credit losses $3,943 and $6,958, respectively)	$ 8,327,149	$ 7,778,734
Mortgage servicing rights, at fair value	3,052,016	2,984,937
Cash and cash equivalents	729,732	683,479
Restricted cash	65,101	443,026
Accrued interest receivable	35,339	36,018
Due from counterparties	323,224	253,374
Derivative assets, at fair value	85,291	26,438
Reverse repurchase agreements	284,091	1,066,935
Other assets	236,857	193,219
Total Assets	13,138,800	13,466,160
Liabilities
Repurchase agreements	8,020,207	8,603,011
Revolving credit facilities	1,329,171	1,118,831
Term notes payable	295,271	398,011
Convertible senior notes	268,582	282,496
Derivative liabilities, at fair value	21,506	34,048
Due to counterparties	574,735	541,709
Dividends payable	58,731	64,504
Accrued interest payable	141,773	94,034
Commitments and contingencies (see Note 16)	0	0
Other liabilities	225,434	145,991
Total Liabilities	10,935,410	11,282,635
Stockholders' Equity
Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 25,356,426 and 26,092,050 shares issued and outstanding, respectively ($633,911 and $652,301 liquidation preference, respectively)	613,213	630,999
Common stock, par value $0.01 per share; 175,000,000 shares authorized and 103,206,457 and 86,428,845 shares issued and outstanding, respectively	1,032	864
Additional paid-in capital	5,925,424	5,645,998
Accumulated other comprehensive loss	(176,429)	(278,711)
Cumulative earnings	1,349,973	1,453,371
Cumulative distributions to stockholders	(5,509,823)	(5,268,996)
Total Stockholders’ Equity	2,203,390	2,183,525
Total Liabilities and Stockholders’ Equity	$ 13,138,800	$ 13,466,160

About Two Harbors Investment Corp

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.

CEO	Mr. William Ross Greenberg
WEBSITE	twoharborsinvestment.com
INDUSTRY	REIT Mortgage
EMPLOYEES	97

Two Harbors Investment Corp Frequently Asked Questions

What is the ticker symbol for Two Harbors Investment Corp? What does TWO stand for in stocks?

TWO is the stock ticker symbol of Two Harbors Investment Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Two Harbors Investment Corp (TWO)?

As of Tue Apr 23 2024, market cap of Two Harbors Investment Corp is 1.3 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TWO stock?

You can check TWO's fair value in chart for subscribers.

What is the fair value of TWO stock?

You can check TWO's fair value in chart for subscribers. The fair value of Two Harbors Investment Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Two Harbors Investment Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TWO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Two Harbors Investment Corp a good stock to buy?

The fair value guage provides a quick view whether TWO is over valued or under valued. Whether Two Harbors Investment Corp is cheap or expensive depends on the assumptions which impact Two Harbors Investment Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TWO.

What is Two Harbors Investment Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, TWO's PE ratio (Price to Earnings) is -12.21 and Price to Sales (PS) ratio is 1.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TWO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Two Harbors Investment Corp's stock?

In the past 10 years, Two Harbors Investment Corp has provided -0.069 (multiply by 100 for percentage) rate of return.