TWO

Two Harbors Investment Corp

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Advanced Chart

9.810

-0.22(-2.193%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

10.030

Open

10.020

VWAP

9.84

Vol

2.21M

Mkt Cap

1.02B

Low

9.800

Amount

21.75M

EV/EBITDA(TTM)

Total Shares

103.49M

11.16B

EV/OCF(TTM)

40.30

P/S(TTM)

1.70

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

-7.63M

-62.48%

0.334

+39.14%

-18.87M

-45.92%

0.342

+71.19%

-18.85M

-55.43%

0.324

+149.51%

Estimates Revision

The market is revising Upward the revenue expectations for Two Harbors Investment Corp. (TWO) for FY2025, with the revenue forecasts being adjusted by 9.7% over the past three months. During the same period, the stock price has changed by -15.50%.

Revenue Estimates for FY2025

Revise Upward

+9.7%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.51%

In Past 3 Month

Stock Price

Go Down

-15.50%

In Past 3 Month

8 Analyst Rating

21.30% Upside

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 11.90 USD with a low forecast of 9.50 USD and a high forecast of 15.00 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.

2 Buy

6 Hold

0 Sell

Hold

21.30% Upside

Current: 9.810

Low

9.50

Averages

11.90

High

15.00

21.30% Upside

Current: 9.810

Low

9.50

Averages

11.90

High

15.00

Maxim

Buy

downgrade

$15 -> $12

2025-07-29

Reason

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

downgrade

$13 -> $12

2025-07-10

Reason

UBS

Price Target

$13 -> $12

2025-07-10

downgrade

Buy

Reason

UBS lowered the firm's price target on Two Harbors to $12 from $13 and keeps a Buy rating on the shares.

Citizens JMP

Outperform -> Market Perform

downgrade

2025-07-03

Reason

Citizens JMP

Price Target

2025-07-03

downgrade

Outperform -> Market Perform

Reason

Citizens JMP downgraded Two Harbors to Market Perform from Outperform and removed the firm's prior $13.50 price target on the shares, citing uncertainty about the final level of damages yet to be determined in the ongoing lawsuit against its former external manager. The firm continues to view shares as attractive relative to current book value adjusted for the $199M contingent liability the company has reserved, but thinks it is appropriate to move to the sidelines for the time being given the uncertainty related to the suit.

Keefe Bruyette

Market Perform

downgrade

$11

2025-06-02

Reason

Keefe Bruyette

Price Target

$11

2025-06-02

downgrade

Market Perform

Reason

Keefe Bruyette lowered the firm's price target on Two Harbors to $11 from $13.25 and keeps a Market Perform rating on the shares. Two Harbors is taking a $198.9M charge related to its long-running litigation against its prior external manager, the analyst tells investors in a research note.

JMP Securities

Trevor Cranston

Buy

Maintains

$14 → $14

2025-04-17

Reason

JMP Securities

Trevor Cranston

Price Target

$14 → $14

2025-04-17

Maintains

Buy

Reason

Citizens JMP lowered the firm's price target on Two Harbors to $13.50 from $14 and keeps an Outperform rating on the shares. The firm is adjusting price targets on several agency-focused mortgage REITs and hybrid/credit mortgage REITs ahead of the residential mortgage REIT Q1 earnings season kicking off before the market open on Monday, April 21.

JP Morgan

Richard Shane

Hold

Maintains

$13 → $11

2025-04-16

Reason

JP Morgan

Richard Shane

Price Target

$13 → $11

2025-04-16

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Two Harbors Investment Corp (TWO.N) is 7.42, compared to its 5-year average forward P/E of 7.81. For a more detailed relative valuation and DCF analysis to assess Two Harbors Investment Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

7.81

Current PE

7.42

Overvalued PE

9.26

Undervalued PE

6.36

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

2.66

Current PS

-19.69

Overvalued PS

18.96

Undervalued PS

-13.63

Financials

Annual

Quarterly

FY2025Q2

YoY :

-53.68%

124.30M

Total Revenue

FY2025Q2

YoY :

-178.20%

-54.81M

Operating Profit

FY2025Q2

YoY :

-559.81%

-259.04M

Net Income after Tax

FY2025Q2

YoY :

-709.30%

-2.62

EPS - Diluted

FY2025Q2

YoY :

-31.01%

99.11M

Free Cash Flow

FY2025Q2

YoY :

-129.10%

-11.89

Gross Profit Margin - %

FY2025Q2

YoY :

+16.52%

41.47

FCF Margin - %

FY2025Q2

YoY :

-1092.85%

-208.40

Net Margin - %

FY2025Q2

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

145.2K

USD

6-9

Months

1.1M

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

0.0

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

145.2K

USD

6-9

Months

1.1M

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

TWO News & Events

Events Timeline

2025-07-28 (ET)

2025-07-28

16:18:28

Two Harbors reports Q2 adjusted EPS 28c, consensus 31c

2025-06-20 (ET)

2025-06-20

08:43:17

Two Harbors cuts quarterly dividend to 39c from 45c per share

2025-04-28 (ET)

2025-04-28

16:18:24

Two Harbors reports Q1 EPS 62c, consensus 40c

News

8.0

07-31Benzinga

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields

4.0

07-29Benzinga

Maxim Group Maintains Buy on Two Harbors Inv, Lowers Price Target to $12

9.5

07-29Newsfilter

Two Harbors Investment Corp. (TWO) Q2 2025 Earnings Call Transcript

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FAQ

What is Two Harbors Investment Corp (TWO) stock price today?

The current price of TWO is 9.81 USD — it has decreased -2.19 % in the last trading day.

TWO

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

TWO News & Events

Events Timeline

News

People Also Watch

FAQ

What is Two Harbors Investment Corp (TWO) stock price today?

What is Two Harbors Investment Corp (TWO)'s business?

What is the price predicton of TWO Stock?

What is Two Harbors Investment Corp (TWO)'s revenue for the last quarter?

What is Two Harbors Investment Corp (TWO)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Two Harbors Investment Corp (TWO)'s fundamentals?

How many employees does Two Harbors Investment Corp (TWO). have?

What is Two Harbors Investment Corp (TWO) market cap?