TWO Share Price | Two Harbors Investment Corp. Stock Analysis & Recommendation

Q: How big is Two Harbors Investment Corp.?

Market Cap: As of Jun 18, Two Harbors Investment Corp. has a market capitalization of 1,107.87 million, categorizing it as a Micro Cap company.Recent Quarterly Performance: For the latest four quarters, the company reported net sales of 766.73 million and a net profit of 13.83 million.Balance Sheet Snapshot: As of Dec 24, the company's shareholder's funds amounted to 2,122.51 million, while total assets were reported at 12,204.32 million.

Q: What does Two Harbors Investment Corp. do?

Overview:Two Harbors Investment Corp. is a real estate investment trust (REIT) focused on investing, financing, and managing residential mortgage-backed securities (RMBS) within the Realty industry, categorized as a micro-cap company.Financial Snapshot:Most recent Net Sales: 212 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -79 Million (Quarterly Results - Mar 2025) Market-cap: USD 1,107.87 Million (Micro Cap)Key Metrics:P/E: 80.00 Dividend Yield: 1,176.07% Debt Equity: -999,999.00 Return on Equity: 0.64% Price to Book: 0.52Contact Details:Address: 601 Carlson Pkwy Ste 1400, MINNETONKA MN: 55305 Tel: ['1 612 4534100', '1 212 3643663'] Fax: 1 212 3643289 Website: http://www.twoharborsinvestment.com/

Q: Is Two Harbors Investment Corp. overvalued or undervalued?

As of 28 July 2025, the valuation grade for Two Harbors Investment Corp. has moved from very attractive to risky, indicating a significant deterioration in its investment appeal. The company appears to be overvalued, particularly when considering its P/E ratio of 80, which is substantially higher than its peers, and a price-to-book value of 0.52, suggesting that the market is pricing the stock at a premium relative to its net assets. Additionally, the EV to EBIT and EV to EBITDA ratios both stand at 0.65, further reinforcing the notion of overvaluation in comparison to the industry.In terms of peer comparison, Two Harbors Investment Corp. has a P/E ratio that starkly contrasts with Acadia Realty Trust at 57.50 and LTC Properties, Inc. at 18.85, both of which are classified as very attractive. The company's recent stock performance has also lagged significantly behind the S&P 500, with a year-to-date return of -16.06% compared to the index's 12.22%, and a staggering -52.98% over the past five years, while the S&P 500 has gained 96.61%. This underperformance further underscores the risks associated with investing in Two Harbors Investment Corp. at its current valuation.

Q: Is Two Harbors Investment Corp. technically bullish or bearish?

As of 11 September 2025, the technical trend for Two Harbors Investment Corp. has changed from mildly bearish to bearish. The current stance is bearish with weak strength, driven by bearish signals from the daily moving averages and Bollinger Bands, alongside a bearish monthly MACD. The weekly KST shows mild bullishness, but overall, the indicators suggest a negative outlook. Additionally, the company's performance has significantly lagged behind the S&P 500, with a year-to-date return of -16.06% compared to the S&P 500's 12.22%, and a one-year return of -29.47% versus 17.14%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

3.39 M

Shareholding (Dec 2025)

FII

6.89%

Held by 73 FIIs

DII

52.38%

Held by 50 DIIs

Promoter

0.05%

How big is Two Harbors Investment Corp.?

22-Jun-2025

As of Jun 18, Two Harbors Investment Corp. has a market capitalization of $1,107.87 million and reported net sales of $766.73 million with a net profit of $13.83 million over the latest four quarters.

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What does Two Harbors Investment Corp. do?

22-Jun-2025

Two Harbors Investment Corp. is a micro-cap REIT that invests in and manages residential mortgage-backed securities. As of March 2025, it reported net sales of $212 million and a net profit loss of $79 million.

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Who are in the management team of Two Harbors Investment Corp.?

22-Jun-2025

As of March 2022, the management team of Two Harbors Investment Corp. includes Mr. Stephen Kasnet (Independent Chairman), Mr. William Greenberg (CEO), and several independent directors: Mr. Thomas Siering, Mr. Edward Abraham, Mr. James Bender, Ms. Karen Hammond, and Mr. W. Reid Sanders. They oversee the company's operations and strategic direction.

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Is Two Harbors Investment Corp. overvalued or undervalued?

20-Sep-2025

As of July 28, 2025, Two Harbors Investment Corp. is considered risky due to its high P/E ratio of 80, significant underperformance compared to the S&P 500, and overvaluation relative to its peers, indicating a decline in investment appeal.

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Is Two Harbors Investment Corp. technically bullish or bearish?

20-Sep-2025

As of September 11, 2025, Two Harbors Investment Corp. has shifted to a bearish trend with weak strength, indicated by negative signals from moving averages and MACD, and has underperformed the S&P 500 with year-to-date returns of -16.06% compared to 12.22%.

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Compare Two Harbors Investment Corp. with Similar Stocks

Alexander & Baldwin, Inc.Safehold, Inc.Service Properties Trust

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

The company declared negative results in Mar'25 after positive results in Dec'24

OPERATING CASH FLOW(Y) Lowest at USD 277.04 MM
PRE-TAX PROFIT(Q) At USD -57.44 MM has Fallen at -181.44%
NET PROFIT(Q) At USD -59.11 MM has Fallen at -204.92%

Risky -

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Realty

Market cap

USD 1,132 Million (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

13.97%

Debt Equity

-999,999.00

Return on Equity

-4.45%

Price to Book

0.63

Revenue and Profits:

Net Sales:

179 Million

(Quarterly Results - Dec 2025)

Net Profit:

11 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-7.16%

6 Months

-8.98%

1 Year

-33.69%

2 Years

-27.17%

3 Years

-39.73%

4 Years

-55.57%

5 Years

-68.52%

Two Harbors Investment Corp. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

24.41%

EBIT Growth (5y)

18.28%

EBIT to Interest (avg)

1.74

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

69.30%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

74.02%

ROCE (avg)

39.97%

ROE (avg)

5.81%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

0.54

EV to EBIT

0.44

EV to EBITDA

0.44

EV to Capital Employed

0.20

EV to Sales

0.31

PEG Ratio

Dividend Yield

440.03%

ROCE (Latest)

44.50%

ROE (Latest)

-5.39%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Bearish

Dow Theory

Mildly Bearish

OBV

No Trend

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 47 Schemes (40.6%)

Foreign Institutions

Held by 73 Foreign Institutions (6.89%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val1": "105.40",
          "val2": "138.70",
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          "val1": "0.00",
          "val2": "0.00",
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          "field": "Consolidate Net Profit",
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          "val2": "951.30",
          "chgp": "-56.30%",
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          "field": "Interest",
          "val1": "490.90",
          "val2": "607.80",
          "chgp": "-19.23%",
          "chgp_class": "positive"
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          "val1": "-375.00",
          "val2": "0.00",
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          "field": "Consolidate Net Profit",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY

Dec'25

Dec'24

Change(%)

Net Sales

179.40

219.40

-18.23%

Operating Profit (PBDIT) excl Other Income

121.10

446.00

-72.85%

Interest

105.40

138.70

-24.01%

Exceptional Items

0.00

Consolidate Net Profit

11.50

275.00

-95.82%

Operating Profit Margin (Excl OI)

675.40%

2,031.10%

-135.57%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Dec 2025 is -18.23% vs 791.87% in Dec 2024

Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is -95.82% vs 163.55% in Dec 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

605.60

845.80

-28.40%

Operating Profit (PBDIT) excl Other Income

415.70

951.30

-56.30%

Interest

490.90

607.80

-19.23%

Exceptional Items

-375.00

0.00

Consolidate Net Profit

-455.60

297.10

-253.35%

Operating Profit Margin (Excl OI)

686.60%

1,124.40%

-43.78%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is -28.40% vs 32.05% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is -253.35% vs 387.33% in Dec 2024

All Annual Results

Company CV

About Two Harbors Investment Corp.

Two Harbors Investment Corp.

Realty

Two Harbors Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing, financing and managing residential mortgage-backed securities (RMBS) and related investments. Its objective is to provide attractive risk-adjusted total return to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. It is focused on acquiring and managing investment portfolio of target assets, which is constructed to generate attractive returns through market cycles. Its targeted assets includes Agency RMBS, whose principal and interest payments are guaranteed by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac); Non-Agency securities; Mortgage servicing rights; and other financial assets. The Company is managed and advised by PRCM Advisers LLC (PRCM Advisers).

Company Coordinates

Company Details

601 Carlson Pkwy Ste 1400 , MINNETONKA MN : 55305

Tel: 1 612 45341001 212 3643663

http://www.twoharborsinvestment.com/

Registrar Details