TWO
Two Harbors Investment Corp.
Price Chart
Latest Quote
$12.29
+0.03 (+0.24%)
Current Price
| Previous Close | $12.26 |
| Open | $12.21 |
| Day High | $12.38 |
| Day Low | $12.21 |
| Volume | 1,137,947 |
Stock Information
| Quarterly Dividend / Yield | $1.41 / 11.50% |
| Shares Outstanding | 105.05M |
| Quarterly Dividend Yield | 11.50% |
| Quarterly Dividend | $1.41 |
| Total Debt | $8.30B |
| Cash Equivalents | $718.37M |
| Revenue | $493.78M |
| Net Income | $-396.71M |
| Sector | Real Estate |
| Industry | REIT - Mortgage |
| Market Cap | $1.29B |
| EPS (TTM) | $-3.81 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $9.47B |
| Sales | $493.78M |
| Income | $-396.71M |
| Book/sh | $10.76 |
| Cash/sh | $6.84 |
| Employees | 486 |
Financial Ratios
| Quick Ratio | 0.16 |
| Current Ratio | 0.21 |
| Debt/Eq | 479.18 |
Returns & Margins
| ROA | -2.83% |
| ROE | -17.69% |
| Gross Margin | 97.70% |
| Operating Margin | 27.61% |
| Profit Margin | -69.46% |
Ownership
| Insider Ownership | 1.06% |
| Institutional Ownership | 80.20% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 10.61 |
| PEG | 2.76 |
| P/S | 2.61 |
| P/B | 1.14 |
Analyst Data
| Recommendation | hold |
| Target Price | $11.62 |
Technical Indicators
| SMA20 | $12.38 |
| SMA50 | $11.97 |
| SMA200 | $10.48 |
| RSI | 40.43 |
| ATR | 0.0864 |
| Shares Float | 104.01M |
| Short Float | 3.93% |
| Short Ratio | 1.13 |
| Volatility | 1.04 |
| Rel Volume | 1.09 |
Performance History
| Week | -0.32% |
| Month | -1.13% |
| Quarter | +32.96% |
| 6 Months | +30.79% |
| YTD | +23.74% |
| Year | +29.57% |
| 3 Years | +33.22% |
| 5 Years | -20.12% |
| 10 Years | -25.54% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $12.29 | 1,330,500 |
| 2026-06-16 | $12.26 | 556,300 |
| 2026-06-15 | $12.24 | 1,409,000 |
| 2026-06-12 | $12.34 | 936,800 |
| 2026-06-11 | $12.33 | 1,260,400 |
| 2026-06-10 | $12.33 | 1,513,300 |
| 2026-06-09 | $12.39 | 1,015,900 |
| 2026-06-08 | $12.36 | 1,145,800 |
| 2026-06-05 | $12.34 | 1,215,300 |
| 2026-06-04 | $12.36 | 823,100 |
| 2026-06-03 | $12.36 | 781,300 |
| 2026-06-02 | $12.41 | 807,300 |
| 2026-06-01 | $12.36 | 1,074,200 |
| 2026-05-29 | $12.33 | 1,386,800 |
| 2026-05-28 | $12.38 | 3,423,700 |
| 2026-05-27 | $12.49 | 796,200 |
| 2026-05-26 | $12.54 | 954,200 |
| 2026-05-22 | $12.50 | 1,542,900 |
| 2026-05-21 | $12.50 | 1,219,800 |
| 2026-05-20 | $12.51 | 1,156,000 |
| 2026-05-19 | $12.50 | 2,573,800 |
| 2026-05-18 | $12.43 | 2,010,200 |
About Two Harbors Investment Corp.
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes. The company was incorporated in 2009 and is headquartered in Saint Louis Park, Minnesota.
đ° Latest News
Sector Update: Financial Stocks Advance Late Afternoon
MT Newswires âĸ 2026-06-15T19:55:06ZHow Investors May Respond To UWM Holdings (UWMC) Challenging Two Harbors Deal And Expanding InâHouse Servicing
Simply Wall St. âĸ 2026-05-30T21:08:03Z
Sector Update: Financial Stocks Decline Late Afternoon
MT Newswires âĸ 2026-05-28T19:53:40ZAssessing Two Harbors Investmentâs (TWO) Valuation After Recent Share Price Strength
Simply Wall St. âĸ 2026-05-26T06:09:38Z
Sector Update: Financial Stocks Higher Monday Afternoon
MT Newswires âĸ 2026-05-18T18:06:08ZUWM Contests Two Harbors Deal As Investors Weigh Governance And Growth
Simply Wall St. âĸ 2026-05-18T12:14:43Z
Sector Update: Financial Stocks Fall Wednesday
MT Newswires âĸ 2026-05-13T20:06:12ZAssessing Two Harbors Investment (TWO) Valuation After Recent Double Digit Total Returns
Simply Wall St. âĸ 2026-05-11T08:12:23Z
Sector Update: Financial Stocks Decline Friday Afternoon
MT Newswires âĸ 2026-05-08T17:57:06ZTwo Harbors Investments Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-02T16:27:32Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $115,060,000 | $510,748,000 | $31,785,000 | $407,180,000 |
| Operating Revenue | $115,060,000 | $510,748,000 | $31,785,000 | $407,180,000 |
| Expenses | ||||
| Interest Expense | $490,943,000 | $607,806,000 | $643,225,000 | $258,395,000 |
| General And Administrative Expense | $95,326,000 | $89,753,000 | $52,865,000 | $40,723,000 |
| Other Non Interest Expense | $79,027,000 | $75,527,000 | $62,313,000 | $42,005,000 |
| Professional Expense And Contract Services Expense | - | - | - | $0 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Net Interest Income | $-68,520,000 | $-157,246,000 | $-162,861,000 | $37,145,000 |
| Interest Income | $422,423,000 | $450,560,000 | $480,364,000 | $295,540,000 |
| Normalized Income | $42,109,930 | $352,998,620 | $-18,191,200 | $-69,016,680 |
| Net Income From Continuing And Discontinued Operation | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Average Dilution Earnings | $0 | $18,122,000 | $0 | $19,382,000 |
| Net Income Common Stockholders | $-508,400,000 | $249,983,000 | $-153,225,000 | $185,578,000 |
| Net Income | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Net Income Including Noncontrolling Interests | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Net Income Continuous Operations | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Pretax Income | $-445,428,000 | $344,754,000 | $-83,393,000 | $324,452,000 |
| Special Income Charges | $-386,135,000 | $-714,000 | $0 | $-18,982,000 |
| Per Share | ||||
| Diluted EPS | $-4.88 | $2.37 | $-1.60 | $2.13 |
| Basic EPS | $-4.88 | $2.41 | $-1.60 | $2.15 |
| Other | ||||
| Tax Effect Of Unusual Items | $-131,957,070 | $-8,557,380 | $-23,440,200 | $136,120,320 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $-628,367,000 | $-63,388,000 | $-111,620,000 | $425,376,000 |
| Total Unusual Items Excluding Goodwill | $-628,367,000 | $-63,388,000 | $-111,620,000 | $425,376,000 |
| Diluted Average Shares | $103,912,090 | $106,192,405 | $95,672,143 | $96,076,175 |
| Basic Average Shares | $103,912,090 | $104,429,876 | $95,672,143 | $86,179,418 |
| Diluted NI Availto Com Stockholders | $-508,400,000 | $268,105,000 | $-153,225,000 | $204,960,000 |
| Otherunder Preferred Stock Dividend | $1,309,000 | $1,049,000 | $-1,753,000 | $-18,946,000 |
| Preferred Stock Dividends | $52,791,000 | $47,136,000 | $48,607,000 | $53,607,000 |
| Tax Provision | $8,872,000 | $46,586,000 | $22,978,000 | $104,213,000 |
| Other Special Charges | $386,135,000 | $714,000 | $25,056,000 | $18,982,000 |
| Gain On Sale Of Security | $-198,087,000 | $66,408,000 | $-289,126,000 | $-565,128,000 |
| Selling General And Administration | $95,326,000 | $89,753,000 | $52,865,000 | $40,723,000 |
| Salaries And Wages | $95,326,000 | $89,753,000 | $52,865,000 | $40,723,000 |
| Restructuring And Mergern Acquisition | - | - | $1,300,000 | $0 |
Fetched: 2026-06-16
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-633,983,000 | $-871,762,000 | $-848,626,000 | $-801,412,000 |
| Total Assets | $10,859,217,000 | $12,204,319,000 | $13,138,800,000 | $13,466,160,000 |
| Goodwill And Other Intangible Assets | $2,421,910,000 | $2,994,271,000 | $3,052,016,000 | $2,984,937,000 |
| Other Intangible Assets | $2,421,910,000 | $2,994,271,000 | $3,052,016,000 | $2,984,937,000 |
| Receivables | $408,488,000 | $419,795,000 | $358,563,000 | $289,392,000 |
| Other Receivables | $379,259,000 | $386,464,000 | $323,224,000 | $253,374,000 |
| Accounts Receivable | $29,229,000 | $33,331,000 | $35,339,000 | $36,018,000 |
| Cash And Cash Equivalents | $842,319,000 | $504,613,000 | $729,732,000 | $683,479,000 |
| Cash Cash Equivalents And Federal Funds Sold | $1,219,072,000 | $1,173,616,000 | $1,078,924,000 | $2,193,440,000 |
| Debt | ||||
| Net Debt | $459,323,000 | $777,819,000 | $1,163,292,000 | $1,115,859,000 |
| Total Debt | $1,301,642,000 | $1,282,432,000 | $1,893,024,000 | $1,799,338,000 |
| Long Term Debt And Capital Lease Obligation | $372,865,000 | $260,229,000 | $563,853,000 | $680,507,000 |
| Long Term Debt | $372,865,000 | $260,229,000 | $563,853,000 | $680,507,000 |
| Current Debt And Capital Lease Obligation | $928,777,000 | $1,022,203,000 | $1,329,171,000 | $1,118,831,000 |
| Current Debt | $928,777,000 | $1,022,203,000 | $1,329,171,000 | $1,118,831,000 |
| Other Current Borrowings | - | $2,032,000 | $0 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $9,071,290,000 | $10,081,810,000 | $10,935,410,000 | $11,282,635,000 |
| Derivative Product Liabilities | $4,254,000 | $24,897,000 | $21,506,000 | $34,048,000 |
| Payables And Accrued Expenses | $346,660,000 | $793,362,000 | $775,239,000 | $700,247,000 |
| Payables | $346,660,000 | $793,362,000 | $775,239,000 | $700,247,000 |
| Other Payable | $215,814,000 | $648,643,000 | $574,735,000 | $541,709,000 |
| Dividends Payable | $48,932,000 | $58,725,000 | $58,731,000 | $64,504,000 |
| Accounts Payable | $81,914,000 | $85,994,000 | $141,773,000 | $94,034,000 |
| Equity | ||||
| Common Stock Equity | $1,186,460,000 | $1,521,042,000 | $1,590,177,000 | $1,552,526,000 |
| Preferred Stock Equity | $601,467,000 | $601,467,000 | $613,213,000 | $630,999,000 |
| Total Equity Gross Minority Interest | $1,787,927,000 | $2,122,509,000 | $2,203,390,000 | $2,183,525,000 |
| Stockholders Equity | $1,787,927,000 | $2,122,509,000 | $2,203,390,000 | $2,183,525,000 |
| Gains Losses Not Affecting Retained Earnings | $-87,000 | $-320,524,000 | $-176,429,000 | $-278,711,000 |
| Other Equity Adjustments | $-87,000 | $-320,524,000 | $-176,429,000 | $-278,711,000 |
| Retained Earnings | $-4,762,979,000 | $-4,096,080,000 | $-4,159,850,000 | $-3,815,625,000 |
| Other | ||||
| Preferred Shares Number | $24,870,817 | $24,870,817 | $25,356,426 | $26,092,050 |
| Ordinary Shares Number | $104,806,311 | $103,680,321 | $103,206,457 | $86,428,845 |
| Share Issued | $104,806,311 | $103,680,321 | $103,206,457 | $86,428,845 |
| Tangible Book Value | $-1,235,450,000 | $-1,473,229,000 | $-1,461,839,000 | $-1,432,411,000 |
| Invested Capital | $2,488,102,000 | $2,803,474,000 | $3,483,201,000 | $3,351,864,000 |
| Total Capitalization | $2,160,792,000 | $2,382,738,000 | $2,767,243,000 | $2,864,032,000 |
| Additional Paid In Capital | $5,948,478,000 | $5,936,609,000 | $5,925,424,000 | $5,645,998,000 |
| Capital Stock | $602,515,000 | $602,504,000 | $614,245,000 | $631,863,000 |
| Common Stock | $1,048,000 | $1,037,000 | $1,032,000 | $864,000 |
| Preferred Stock | $601,467,000 | $601,467,000 | $613,213,000 | $630,999,000 |
| Line Of Credit | $928,777,000 | $1,022,203,000 | $1,329,171,000 | $1,118,831,000 |
| Investments And Advances | $6,514,471,000 | $7,371,711,000 | $8,327,149,000 | $7,778,734,000 |
| Available For Sale Securities | $6,514,330,000 | $7,371,441,000 | $8,327,063,000 | $7,776,733,000 |
| Other Short Term Investments | $141,000 | $7,371,711,000 | $8,327,149,000 | $7,778,734,000 |
| Treasury Shares Number | - | - | $0 | - |
Fetched: 2026-06-16
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-15,069,000 | $86,880,000 | $30,872,000 | $-6,408,000 |
| Operating Activities | ||||
| Operating Cash Flow | $88,917,000 | $201,004,000 | $343,509,000 | $623,402,000 |
| Cash Flow From Continuing Operating Activities | $88,917,000 | $201,004,000 | $343,509,000 | $623,402,000 |
| Operating Gains Losses | $253,359,000 | $-108,862,000 | $246,968,000 | $583,397,000 |
| Investing Activities | ||||
| Capital Expenditure | $-103,986,000 | $-114,124,000 | $-312,637,000 | $-629,810,000 |
| Investing Cash Flow | $911,612,000 | $895,279,000 | $-195,783,000 | $-2,751,281,000 |
| Cash Flow From Continuing Investing Activities | $911,612,000 | $895,279,000 | $-195,783,000 | $-2,751,281,000 |
| Net Other Investing Changes | $-425,624,000 | $10,668,000 | $-36,824,000 | $260,157,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $-11,102,000 | $-21,869,000 | $-51,402,000 |
| Issuance Of Capital Stock | $279,000 | $244,000 | $275,674,000 | $6,614,000 |
| Financing Cash Flow | $-756,218,000 | $-1,073,475,000 | $-479,398,000 | $1,165,714,000 |
| Cash Flow From Continuing Financing Activities | $-756,218,000 | $-1,073,475,000 | $-479,398,000 | $1,165,714,000 |
| Net Other Financing Charges | $-1,750,000 | - | - | - |
| Cash Dividends Paid | $-222,392,000 | $-235,048,000 | $-246,600,000 | $-290,360,000 |
| Preferred Stock Dividend Paid | $-51,532,000 | $-47,364,000 | $-48,960,000 | $-54,989,000 |
| Common Stock Dividend Paid | $-170,860,000 | $-187,684,000 | $-197,640,000 | $-235,371,000 |
| Net Preferred Stock Issuance | $0 | $-11,102,000 | $-14,813,000 | $-51,402,000 |
| Net Common Stock Issuance | $279,000 | $244,000 | $268,618,000 | $6,614,000 |
| Common Stock Issuance | $279,000 | $244,000 | $275,674,000 | $6,614,000 |
| Other | ||||
| Repayment Of Debt | $-641,251,000 | $-791,624,000 | $-307,799,000 | $-165,704,000 |
| Issuance Of Debt | $658,413,000 | $179,205,000 | $404,000,000 | $720,000,000 |
| Interest Paid Supplemental Data | $487,747,000 | $618,659,000 | $565,834,000 | $153,181,000 |
| Income Tax Paid Supplemental Data | $24,617,000 | $9,255,000 | $7,380,000 | - |
| End Cash Position | $1,061,952,000 | $817,641,000 | $794,833,000 | $1,126,505,000 |
| Beginning Cash Position | $817,641,000 | $794,833,000 | $1,126,505,000 | $2,088,670,000 |
| Changes In Cash | $244,311,000 | $22,808,000 | $-331,672,000 | $-962,165,000 |
| Preferred Stock Payments | $0 | $-11,102,000 | $-14,813,000 | $-51,402,000 |
| Common Stock Payments | $0 | $0 | $-7,056,000 | $0 |
| Net Issuance Payments Of Debt | $17,162,000 | $-612,419,000 | $96,201,000 | $554,296,000 |
| Net Short Term Debt Issuance | $-93,426,000 | $-306,968,000 | $210,340,000 | $0 |
| Short Term Debt Payments | $-641,251,000 | $-486,173,000 | $-193,660,000 | $0 |
| Short Term Debt Issuance | $547,825,000 | $179,205,000 | $404,000,000 | $0 |
| Net Long Term Debt Issuance | $110,588,000 | $-305,451,000 | $-114,139,000 | $554,296,000 |
| Long Term Debt Payments | $0 | $-305,451,000 | $-114,139,000 | $-165,704,000 |
| Long Term Debt Issuance | $110,588,000 | $0 | $0 | $720,000,000 |
| Net Investment Purchase And Sale | $803,290,000 | $981,817,000 | $-789,902,000 | $-1,711,202,000 |
| Sale Of Investment | $10,406,793,000 | $3,116,818,000 | $3,336,296,000 | $9,022,607,000 |
| Purchase Of Investment | $-9,603,503,000 | $-2,135,001,000 | $-4,126,198,000 | $-10,733,809,000 |
| Net Business Purchase And Sale | $0 | $-20,976,000 | $26,798,000 | $0 |
| Purchase Of Business | $0 | $-20,976,000 | - | $0 |
| Net Intangibles Purchase And Sale | $335,091,000 | $-4,346,000 | $-178,699,000 | $-367,983,000 |
| Sale Of Intangibles | $439,077,000 | $109,778,000 | $133,938,000 | $261,827,000 |
| Purchase Of Intangibles | $-103,986,000 | $-114,124,000 | $-312,637,000 | $-629,810,000 |
| Change In Working Capital | $22,362,000 | $-78,120,000 | $57,474,000 | $151,274,000 |
| Change In Other Working Capital | $30,626,000 | $-58,147,000 | $-5,448,000 | $-19,867,000 |
| Change In Payables And Accrued Expense | $-4,080,000 | $-55,779,000 | $47,739,000 | $75,652,000 |
| Change In Payable | $-4,080,000 | $-55,779,000 | $47,739,000 | $75,652,000 |
| Change In Account Payable | $-4,080,000 | $-55,779,000 | $47,739,000 | $75,652,000 |
| Change In Receivables | $4,102,000 | $2,008,000 | $679,000 | $-9,752,000 |
| Changes In Account Receivables | $4,102,000 | $2,008,000 | $679,000 | $-9,752,000 |
| Other Non Cash Items | $233,837,000 | $61,046,000 | $106,467,000 | $-425,610,000 |
| Stock Based Compensation | $13,351,000 | $10,946,000 | $10,976,000 | $11,630,000 |
| Gain Loss On Investment Securities | $96,299,000 | $39,779,000 | $70,515,000 | $601,207,000 |
| Net Income From Continuing Operations | $-454,300,000 | $298,168,000 | $-106,371,000 | $220,239,000 |
| Sale Of Business | - | - | $26,798,000 | $0 |
Fetched: 2026-06-16