Two Harbors Investment/$TWO
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About Two Harbors Investment
Two Harbors Investment Corp is a real estate investment trust focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. The majority of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
Ticker
$TWO
Sector
Primary listing
NYSE
Employees
477
Headquarters
Website
TWO Metrics
BasicAdvanced
$994M
-
-$2.20
1.32
$1.63
14.26%
Price and volume
Market cap
$994M
Beta
1.32
52-week high
$14.28
52-week low
$9.30
Average daily volume
1.8M
Dividend rate
$1.63
Financial strength
Current ratio
0.251
Quick ratio
0.226
Long term debt to equity
83.964
Total debt to equity
476.285
Profitability
Gross margin (TTM)
97.38%
Net profit margin (TTM)
-35.57%
Operating margin (TTM)
41.67%
Effective tax rate (TTM)
-22.03%
Revenue per employee (TTM)
$1,120,000
Management effectiveness
Return on assets (TTM)
-1.59%
Return on equity (TTM)
-9.61%
Valuation
Price to revenue (TTM)
1.864
Price to book
0.85
Price to tangible book (TTM)
0.85
Price to free cash flow (TTM)
14.239
Free cash flow yield (TTM)
7.02%
Free cash flow per share (TTM)
0.67
Dividend yield (TTM)
17.09%
Forward dividend yield
14.26%
Growth
Revenue change (TTM)
498.22%
Earnings per share change (TTM)
-49.61%
3-year revenue growth (CAGR)
10.77%
10-year revenue growth (CAGR)
0.02%
3-year earnings per share growth (CAGR)
-22.48%
10-year earnings per share growth (CAGR)
-8.49%
3-year dividend per share growth (CAGR)
-15.69%
10-year dividend per share growth (CAGR)
-15.04%
What the Analysts think about TWO
Analyst ratings (Buy, Hold, Sell) for Two Harbors Investment stock.
Bulls say / Bears say
Excluding the $175.1 million litigation expense, Two Harbors generated a strong 7.6% quarterly economic return on book value in Q3 2025, underscoring resilient core earnings (Business Wire)
The company significantly expanded its third‐party subservicing business by onboarding a new client seeded with approximately $30 billion UPB of MSR, diversifying fee revenue streams (Business Wire)
Two Harbors strategically rotated its Agency RMBS portfolio in Q3 by reducing $1.8 billion of high‐coupon exposure and adding $1.6 billion of 5–5.5% coupon positions, while maintaining minimal book value sensitivity to 25 bp rate moves (Investing.com)
Two Harbors agreed to a $375 million cash settlement with Pine River in September 2025, creating a significant one‐time cash outflow that pressures liquidity and capital allocation (SEC EDGAR)
The firm’s economic debt‐to‐equity ratio climbed to 7.2× as of September 30, 2025, up from 6.5× at the end of 2024, indicating increased leverage and heightened interest rate risk (Investing.com)
Two Harbors reported a book value of $11.04 per common share, representing a (6.3)% quarterly economic return and a (15.6)% total economic return for the first nine months of 2025, highlighting sustained negative returns for investors (Business Wire)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2025.
TWO Financial Performance
Revenues and expenses
TWO Earnings Performance
Company profitability
TWO News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
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FAQs
What’s the current market cap for Two Harbors Investment stock?
Two Harbors Investment (TWO) has a market cap of $994M as of November 07, 2025.
What is the P/E ratio for Two Harbors Investment stock?
The price to earnings (P/E) ratio for Two Harbors Investment (TWO) stock is 0 as of November 07, 2025.
Does Two Harbors Investment stock pay dividends?
Yes, the Two Harbors Investment (TWO) stock pays dividends to shareholders. As of November 07, 2025, the dividend rate is $1.63 and the yield is 14.26%. Two Harbors Investment has a payout ratio of 0% on a trailing twelve-month basis.
When is the next Two Harbors Investment dividend payment date?
The next Two Harbors Investment (TWO) dividend payment date is unconfirmed.
What is the beta indicator for Two Harbors Investment?
Two Harbors Investment (TWO) has a beta rating of 1.32. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.