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), non-agency securities, mortgage servicing rights, and other financial assets in the United States. More Details
High growth potential second-rate dividend payer.
Share Price & News
How has Two Harbors Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TWO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TWO's weekly volatility has decreased from 18% to 6% over the past year.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: TWO underperformed the US Mortgage REITs industry which returned -27.3% over the past year.
Return vs Market: TWO underperformed the US Market which returned 19.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Two Harbors Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StHow Much Of Two Harbors Investment Corp. (NYSE:TWO) Do Institutions Own?
3 months ago | Simply Wall StAre Insiders Buying Two Harbors Investment Corp. (NYSE:TWO) Stock?
5 months ago | Simply Wall StWhen Should You Buy Two Harbors Investment Corp. (NYSE:TWO)?
Is Two Harbors Investment undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: TWO ($6.47) is trading above our estimate of fair value ($4.74)
Significantly Below Fair Value: TWO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TWO is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: TWO is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TWO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TWO's PB Ratio (0.9x) is in line with the US Mortgage REITs industry average.
How is Two Harbors Investment forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TWO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: TWO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TWO's is expected to become profitable in the next 3 years.
Revenue vs Market: TWO's revenue (30.2% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: TWO's revenue (30.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TWO's Return on Equity is forecast to be low in 3 years time (10.7%).
How has Two Harbors Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TWO is currently unprofitable.
Growing Profit Margin: TWO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TWO is unprofitable, and losses have increased over the past 5 years at a rate of 60.5% per year.
Accelerating Growth: Unable to compare TWO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TWO is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-16.6%).
Return on Equity
High ROE: TWO has a negative Return on Equity (-56.51%), as it is currently unprofitable.
How is Two Harbors Investment's financial position?
Financial Position Analysis
Short Term Liabilities: TWO's short term assets ($2.6B) do not cover its short term liabilities ($16.5B).
Long Term Liabilities: TWO's short term assets ($2.6B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TWO's debt to equity ratio (574%) is considered high.
Reducing Debt: TWO's debt to equity ratio has increased from 363.6% to 574% over the past 5 years.
Debt Coverage: TWO's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: Insufficient data to determine if TWO's interest payments on its debt are well covered by EBIT.
What is Two Harbors Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TWO's dividend (8.66%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: TWO's dividend (8.66%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: TWO's dividend payments have been volatile in the past 10 years.
Growing Dividend: TWO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: TWO is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: TWO's dividends in 3 years are forecast to be covered by earnings (77.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Greenberg (53 yo)
Mr. William Ross Greenberg, also known as Bill, serves as President and Chief Executive Officer at Two Harbors Investment Corp. since June 24, 2020 and serves as its Director since September 21, 2020. Mr. ...
|VP & CFO||2.08yrs||US$574.84k||0.041% |
|VP, General Counsel & Secretary||7.67yrs||US$905.07k||0.077% |
|President||0.42yr||no data||0.068% |
|VP & Chief Investment Officer||0.42yr||no data||0.062% |
|MD & CTO||0.83yr||no data||no data|
|Managing Director of Human Resources||1.83yrs||no data||no data|
|MD & Chief Risk Officer||7.17yrs||no data||no data|
|Managing Director||3.83yrs||no data||no data|
|VP & Treasurer||1.75yrs||no data||no data|
|Senior Associate of Investor Relations||no data||no data||no data|
|Investor Relations||no data||no data||no data|
Experienced Management: TWO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|President||0.42yr||no data||0.068% |
|Independent Chairman of the Board||no data||US$261.25k||0.041% |
|Independent Director||7.5yrs||US$199.99k||0.019% |
|Independent Director||2.33yrs||US$199.99k||0.037% |
|Independent Director||11.08yrs||US$199.99k||0.039% |
|Independent Director||6.5yrs||US$199.99k||0.018% |
|Independent Director||8.5yrs||US$199.99k||0.024% |
|Non-Independent Director||11.5yrs||US$740.61k||0.41% |
|Independent Director||2.33yrs||US$199.99k||0.026% |
Experienced Board: TWO's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Two Harbors Investment Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Two Harbors Investment Corp.
- Ticker: TWO
- Exchange: NYSE
- Founded: 2009
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$1.771b
- Shares outstanding: 273.70m
- Website: https://www.twoharborsinvestment.com
- Two Harbors Investment Corp.
- 575 Lexington Avenue
- Suite 2930
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TWO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2009|
|2H2A||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2009|
|TWO.PRA||NYSE (New York Stock Exchange)||PFD SER A||US||USD||Mar 2017|
|TWO.PRB||NYSE (New York Stock Exchange)||7.625% PFD B FXD||US||USD||Jul 2017|
|TWO.PRE||NYSE (New York Stock Exchange)||7.50% CM PFD E||US||USD||Aug 2018|
|TWO.PRD||NYSE (New York Stock Exchange)||7.75% CM PFD D||US||USD||Aug 2018|
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), non-agency securities, mo...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 00:14|
|End of Day Share Price||2020/11/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.