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

13.04USD+0.06 (+0.46%)Delayed

Market Summary

USD13.04+0.06

Delayed

0.46%

TWO Alerts

Big jump in Earnings (Y/Y)

TWO Stock Price

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TWO RSI Chart

TWO Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

4.92

Price/Sales (Trailing)

1.93

EV/EBITDA

5.11

Price/Free Cashflow

4.03

TWO Price/Sales (Trailing)

TWO Profitability

EBT Margin

44.77%

Return on Equity

12.23%

Return on Assets

2.08%

Free Cashflow Yield

24.8%

TWO Fundamentals

TWO Revenue

Revenue (TTM)

698.8M

Rev. Growth (Yr)

8.49%

Rev. Growth (Qtr)

-6.87%

TWO Earnings

Earnings (TTM)

274.0M

Earnings Growth (Yr)

215.15%

Earnings Growth (Qtr)

147%

Breaking Down TWO Revenue

Last 7 days

2.0%

Last 30 days

10.7%

Last 90 days

1.6%

Trailing 12 Months

5.4%

How does TWO drawdown profile look like?

TWO Financial Health

TWO Investor Care

Dividend Yield

15.84%

Dividend/Share (TTM)

Shares Dilution (1Y)

7.07%

Diluted EPS (TTM)

2.01

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	698.8M	0	0	0
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-68.6	-1,645,090	699,800	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.63	-132,460	1,283,800	-%
May 16, 2024	COMERICA BANK	reduced	-5.21	-66,295	602,936	-%
May 15, 2024	TWINBEECH CAPITAL LP	new	-	164,454	164,454	-%
May 15, 2024	Cresset Asset Management, LLC	added	101	832,642	1,742,570	0.01%
May 15, 2024	Elequin Capital, LP	sold off	-100	-14.00	-	-%
May 15, 2024	AE Wealth Management LLC	sold off	-100	-165,367	-	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-76.4	-964,191	278,755	-%
May 15, 2024	Engineers Gate Manager LP	sold off	-100	-673,919	-	-%
May 15, 2024	Alberta Investment Management Corp	unchanged	-	-9,181	176,158	-%

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

TWO Alerts

Big jump in Earnings (Y/Y)

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
May 17, 2024	144	Notice of Insider Sale Intent
May 17, 2024	144	Notice of Insider Sale Intent
May 17, 2024	144	Notice of Insider Sale Intent
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 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	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Two Harbors Investment Corp News

Latest updates

Two Harbors Investment Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.9%	166	179	179	175	153	161	149	158	137	126	123	113	107	73.00	90.00	107	256	238	250	261	245
Costs and Expenses	298.1%	48.00	-24.02	55.00	46.00	25.00	-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
EBITDA Margin	153.3%	0.19*	-0.36*	-0.02*	0.00*	-0.32*	0.60*	1.15*	0.78*	0.67*	0.58*	1.26*	1.82*	-	-	-	-	-	-	-	-	-
Interest Expenses	7.6%	-42.22	-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
Income Taxes	141.0%	12.00	-29.27	36.00	20.00	-3.90	9.00	21.00	26.00	49.00	2.00	0.00	-20.91	23.00	4.00	-8.20	-18.20	-13.14	-2.37	-3.56	2.00	-10.04
Earnings Before Taxes	146.6%	216	-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
EBT Margin	468.2%	0.45*	-0.12*	0.18*	0.11*	-0.31*	0.54*	1.03*	0.65*	0.53*	0.41*	0.98*	1.39*	-	-	-	-	-	-	-	-	-
Net Income	147.0%	204	-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
Net Income Margin	352.8%	0.39*	-0.16*	0.08*	0.04*	-0.39*	0.36*	0.86*	0.51*	0.47*	0.40*	0.92*	1.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	-107.9%	-8.67	110	122	111	0.00	236	369	70.00	-51.34	43.00	230	214	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.2%	13,162	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
Cash Equivalents	-8.7%	666	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
Liabilities	-0.1%	10,922	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
Shareholder's Equity	1.7%	2,240	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
Additional Paid-In Capital	0.1%	5,932	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
Shares Outstanding	0.3%	103	103	96.00	96.00	93.00	86.00	86.00	86.00	86.00	74.00	77.00	68.00	-	-	-	-	-	-	-	-	-
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-107.9%	-8.67	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
Share Based Compensation	277.1%	6.00	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
Cashflow From Investing	-144.7%	-347	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
Cashflow From Financing	126.4%	300	-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
Dividend Payments	7.7%	47.00	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
Buy Backs	155.0%	1.00	-1.45	-	10.00	-	-	-	-	-	-	-	-	-	-	-	-	1.00	-	0.00	-	-

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TWO Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net interest income (expense):
Interest income	$ 117,783	$ 116,593
Interest expense	160,000	142,490
Net interest (expense) income	(42,217)	(25,897)
Net Servicing Income [Abstract]
Servicing income	166,333	153,320
Servicing costs	7,119	28,366
Net Servicing Income	159,214	124,954
Other income (loss):
(Loss) gain on investment securities	(10,975)	10,798
Gain (loss) on servicing asset	11,012	(28,079)
Gain (loss) on interest rate swap and swaption agreements	98,510	(82,154)
Gain (loss) on other derivative instruments	47,599	(155,771)
Other (loss) income	(3)	0
Total other income (loss)	146,143	(255,206)
Expenses:
Compensation and benefits	26,529	14,083
Other operating expenses	21,052	10,484
Total expenses	47,581	24,567
Income (loss) before income taxes	215,559	(180,716)
Provision for (benefit from) income taxes	11,971	(3,908)
Net income (loss)	203,588	(176,808)
Dividends on preferred stock	(11,784)	(12,365)
Gain on repurchase and retirement of preferred stock	644	0
Net income (loss) attributable to common stockholders	$ 192,448	$ (189,173)
Basic earnings (loss) per weighted average common share	$ 1.85	$ (2.05)
Diluted earnings (loss) per weighted average common share	$ 1.73	$ (2.05)
Weighted average basic common shares (in shares)	103,401,940	92,575,840
Weighted average diluted common shares (in shares)	112,973,317	92,575,840
Comprehensive income (loss):
Net income (loss)	$ 203,588	$ (176,808)
Other comprehensive (loss) income:
Unrealized (loss) gain on available-for-sale securities	(103,078)	125,931
Other comprehensive (loss) income	(103,078)	125,931
Comprehensive income (loss)	100,510	(50,877)
Dividends on preferred stock	(11,784)	(12,365)
Gain on repurchase and retirement of preferred stock	644	0
Comprehensive income (loss) attributable to common stockholders	$ 89,370	$ (63,242)

TWO Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Available-for-sale securities, at fair value (amortized cost $8,467,938 and $8,509,383, respectively; allowance for credit losses $3,607 and $3,943, respectively)	$ 8,182,544	$ 8,327,149
Mortgage servicing rights, at fair value	3,084,879	3,052,016
Cash and cash equivalents	666,244	729,732
Restricted cash	72,184	65,101
Accrued interest receivable	35,487	35,339
Due from counterparties	545,312	323,224
Derivative assets, at fair value	24,397	85,291
Reverse repurchase agreements	351,843	284,091
Other assets	199,035	236,857
Total Assets	13,161,925	13,138,800
Liabilities
Repurchase agreements	8,361,638	8,020,207
Revolving credit facilities	1,357,671	1,329,171
Term notes payable	295,520	295,271
Convertible senior notes	268,953	268,582
Derivative liabilities, at fair value	3,027	21,506
Due to counterparties	330,551	574,735
Dividends payable	58,685	58,731
Accrued interest payable	79,990	141,773
Commitments and contingencies (see Note 16)	0	0
Other liabilities	165,820	225,434
Total Liabilities	10,921,855	10,935,410
Stockholders' Equity
Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 24,870,817 and 25,356,426 shares issued and outstanding, respectively ($621,770 and $633,911 liquidation preference, respectively)	601,467	613,213
Common stock, par value $0.01 per share; 175,000,000 shares authorized and 103,474,944 and 103,206,457 shares issued and outstanding, respectively	1,035	1,032
Additional paid-in capital	5,931,558	5,925,424
Accumulated other comprehensive loss	(279,507)	(176,429)
Cumulative earnings	1,554,205	1,349,973
Cumulative distributions to stockholders	(5,568,688)	(5,509,823)
Total Stockholders’ Equity	2,240,070	2,203,390
Total Liabilities and Stockholders’ Equity	$ 13,161,925	$ 13,138,800

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 Fri May 17 2024, market cap of Two Harbors Investment Corp is 1.35 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 Fri May 17 2024, TWO's PE ratio (Price to Earnings) is 4.92 and Price to Sales (PS) ratio is 1.93. 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 -0.066 (multiply by 100 for percentage) rate of return.