TWO Two Harbors Investment Corp.
USReal EstateAs of 2026-08-24
Why TWO matters now
Two Harbors Investment Corp. (TWO) is a US stock in Real Estate. The latest InvestLog snapshot shows $12.18 with +1.08% on the session and $1.28B in market capitalization; recent performance reads 1-month -1.44% and YTD +17.33%.
The latest financial table shown here is Q1 2026, with revenue of $218.8M, net income of $32.3M, and EPS of $0.18. Investors can compare that operating picture with valuation signals such as P/E unavailable and FCF yield -5.4%.
The latest indexable market news headline is "TWO Announces Receipt of Final Regulatory Approval for Merger with CrossCountry Mortgage" from Business Wire.
Additional event context on this page matters because analyst consensus is Hold with a median target of $13.50; recent insider activity includes Abraham Spencer filing S-Sale. These signals are research inputs, not a recommendation.
Valuation
P/E (TTM)
—
PEG
—
P/B
0.77
P/S
1.69
EV/EBITDA
70.51
DCF Value
$-75.01
FCF Yield
-5.4%
Div Yield
11.4%
Margins & Returns
Gross Margin
88.0%
Operating Margin
57.3%
Net Margin
-44.8%
ROE
-19.1%
ROA
-3.3%
ROIC
4.3%
Financials
| Period | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $218.8M | $32.3M | $0.18 |
| Q4 2025 | $179.4M | $11.7M | $-0.02 |
| FY 2025 | $605.6M | $-454.3M | $-4.36 |
| Q3 2025 | $247.6M | $-127.9M | $-1.36 |
Analyst Ratings
Consensus
Hold
Target (Consensus)
$13.50
Target (Median)
$13.50
Target Range
$13.00 - $14.00
Trading Activity
Insider Trades
Related Stocks
Latest News
Company Info
Sector
Real Estate
Industry
REIT - Mortgage
Country
US
Exchange
—
Beta
1.04
Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. The firm is actively involved in acquiring, funding, and overseeing a diverse portfolio of financial instruments, primarily residential mortgage-backed securities (RMBS). This portfolio encompasses both agency RMBS – which are often backed by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans – as well as non-agency securities, mortgage servicing rights (MSRs), and other related financial assets. Being structured as a REIT grants the company specific federal income tax advantages, contingent on distributing a minimum of 90% of its annual taxable earnings to its shareholders. Established in 2009, Two Harbors Investment Corp. maintains its corporate headquarters in Minnetonka, Minnesota.