Acquisition Investigation: Halper Sadeh LLC is investigating the fairness of Two Harbors Investment Corp.'s acquisition by UWM Holdings, which involves a transaction of 2.3328 shares of UWM Class A Common Stock for each share of Two Harbors, potentially failing to secure the best interests for Two Harbors shareholders.
Legal Compliance: The investigation focuses on whether the Two Harbors board violated federal securities laws and their fiduciary duties to shareholders by not fully disclosing all material information necessary for shareholders to assess the merger's value, which could undermine shareholder trust.
Shareholder Rights Protection: Halper Sadeh may seek increased consideration and additional disclosures for Two Harbors shareholders, ensuring their legal rights are protected and enhancing confidence in corporate governance amidst the merger process.
Legal Fee Arrangement: Halper Sadeh LLC operates on a contingency fee basis, meaning shareholders are not responsible for upfront legal fees, which reduces the financial burden on shareholders and encourages more to pursue their rights in this legal action.
TWO
$11.075+Infinity%1D
Analyst Views on TWO
Wall Street analysts forecast TWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TWO is 10.92 USD with a low forecast of 10.00 USD and a high forecast of 12.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast TWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TWO is 10.92 USD with a low forecast of 10.00 USD and a high forecast of 12.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 9.910
Low
10.00
Averages
10.92
High
12.50
Current: 9.910
Low
10.00
Averages
10.92
High
12.50
JPMorgan
Overweight
maintain
$10
2025-10-20
Reason
JPMorgan
Price Target
$10
2025-10-20
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Two Harbors to $10 from $9.50 and keeps an Overweight rating on the shares as part of a Q3 preview for the mortgage real estate investment trust group. Uncertainty around the path of interest rates is "quickly diminishing" but inflation remains a risk, the analyst tells investors in a research note. JPMorgan believes a steeper yield curve will be a tailwind for residential mortgage REITS but may have a more measured impact on commercial REITs.
UBS
Doug Harter
Buy
downgrade
$12 -> $11
2025-09-03
Reason
UBS
Doug Harter
Price Target
$12 -> $11
2025-09-03
downgrade
Buy
Reason
UBS analyst Doug Harter lowered the firm's price target on Two Harbors to $11 from $12 and keeps a Buy rating on the shares.
Maxim
Maxim
Buy
downgrade
$15 -> $12
2025-07-29
Reason
Maxim
Maxim
Price Target
$15 -> $12
2025-07-29
downgrade
Buy
Reason
Maxim lowered the firm's price target on Two Harbors to $12 from $15 and keeps a Buy rating on the shares. Book value per share was down 17.2% from Q1, the analyst tells investors in a research note. The bulk of the book value decline had nothing to do with fundamentals, the firm argues.
UBS
Buy
to
Buy
downgrade
$13 -> $12
2025-07-10
Reason
UBS
Price Target
$13 -> $12
2025-07-10
downgrade
Buy
to
Buy
Reason
UBS lowered the firm's price target on Two Harbors to $12 from $13 and keeps a Buy rating on the shares.
About TWO
Two Harbors Investment Corp. is a real estate investment trust (REIT) that invests in mortgage servicing rights (MSR), residential mortgage-backed securities and other financial assets. The Company, through its operational platform, RoundPoint Mortgage Servicing LLC, is a servicer of conventional loans. The Company, through its subsidiary, TH MSR Holdings LLC, holds the requisite approvals from Fannie Mae and Freddie Mac to own and manage MSR. Its Agency residential mortgage-backed securities portfolio is comprised of fixed rate mortgage-backed securities backed by single-family and multi-family mortgage loans. Its other assets may include financial and mortgage-related assets other than its target assets, including non-Agency securities (securities that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac), other Agency securities and certain non-hedging transactions that may produce non-qualifying income for purposes of REIT gross income tests.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
