Real Estate
Two Harbors Investment Corp.(TWO)
Live Price
Offline$12.34
+0.08% today
1Y Change
+18.09%
Window
Jun 20, 2025 โ Jun 5, 2026
- Market Cap
- $1.32B
- Revenue Growth
- -28.4%
- EPS Growth
- -280.9%
- Dividend Yield
- 11.2%
Coverage: 241 bars ยท Jun 20, 2025 โ Jun 5, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Two Harbors Investment Corp. (TWO) is a Real Estate stock with a market cap of $1.32B and listed on NYSE. The stock last traded around $12.34 and up 18.1% across the available one-year price window (Jun 20, 2025 โ Jun 5, 2026). Baseline metrics include revenue growth of -28.4%, EPS growth of -280.9%, a dividend yield of 11.2%. What stands out right now is revenue -28.4%, EPS -280.9%, free cash flow +2.3% with operating margin 57.3% and ROIC 4.3%. The dividend matters to the case here, with a current yield around 11.2%. Valuation is more restrained than many high-expectation growth names at price/sales 1.7. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines TWO price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Real Estate peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Below sector median
-28.4% vs +11.4% peer median
Operating Margin
Below sector median
+57.3% vs +59.6% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 27, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at -28.4% and EPS is at -280.9%, with operating margin around 57.3%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 11.2%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +1.2% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 27, 2026 | โ | -0.1% | +11.0% | +13.8% |
2026 Feb 2, 2026 | -13.3% | -0.3% | -9.1% | -15.1% |
2023 Jul 31, 2023 | -113.8% | -0.8% | +1.6% | -5.1% |
Benchmark Comparison
Normalized Performance vs SPY
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
TWO
โ
Normalized return
SPY
โ
S&P 500
Excess Return
โ
Relative to SPY
TWO Max Drawdown
-36.81%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for TWO and SPY.
Company Overview
Two Harbors Investment Corp.
New York Stock Exchange
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. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
- Leadership
- William Ross Greenberg
- IPO Date
- Oct 30, 2009
- Employees
- 477
- Street Address
- 601 Carlson Parkway
- Mailing
- Minnetonka, MN, 55305
- Region
- Minnetonka, MN, US
- Reporting Currency
- USD
- Investor Line
- 612 453 4100
- Last Updated
- May 5, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- โ
- EV/EBITDA
- 130.5
- Price/Sales
- 1.7
- Price/Book
- 0.8
Growth
- Revenue
- -28.4%
- EPS
- -280.9%
- Free Cash Flow
- +2.3%
Profitability
- Gross Margin
- 88.0%
- Operating Margin
- 57.3%
- Net Margin
- -44.8%
- ROE
- -19.1%
- ROIC
- 4.3%
Balance Sheet
- Debt/Equity
- 4.79
- Current Ratio
- 0.09
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.