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Two Harbors Investment Corp. (TWO)

Real Estate | REIT - Mortgage | Saint Louis Park, United States | NYSE
11.11 USD -0.03 (-0.225%) ⇩ (April 17, 2026, 11:45 a.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★★★★☆
Hot Take | April 11, 2026, 4:14 p.m. EDT

Two Harbors Investment Corp. (TWO) presents a mixed picture. The high dividend yield and consistent payouts make it attractive for income-focused investors, but the negative earnings and high debt-to-equity ratio raise concerns about long-term sustainability. Short-term traders may find opportunities in the current volatility, but the overall fundamentals and forecast suggest caution. The recent merger activity adds uncertainty, making it a risky proposition for long-term investors.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.221537
AutoARIMA0.224541
AutoTheta0.225088
AutoETS0.237849

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 80%
H-stat 0.96
Ljung-Box p 0.000
Jarque-Bera p 0.798
Excess Kurtosis 0.08
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-04-01
Last Dividend Date 2026-04-01
Debt to Equity Ratio 478.847
Revenue per Share 3.554
Market Cap 1,166,504,576
Forward P/E 8.55
Beta 1.11
Profit Margins -122.78%
Website https://www.twoinv.com

As of April 11, 2026, 4:14 p.m. EDT: The options activity shows a mix of call and put positions. Calls are heavily weighted on the downside with significant OI on strikes below the current price, indicating potential bearish sentiment. Puts also show heavy OI on strikes below the current price, suggesting fear of further declines. The high IV on certain strikes indicates volatility expectations, possibly due to upcoming merger discussions or market uncertainty.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.06% 14.19% 17.12% 19.69%
Dividend History
Date Dividend Yield %
2026-04-02 0.340000 3.057554
2026-01-05 0.340000 3.373800
2025-10-03 0.340000 3.691914
2025-07-03 0.390000 4.071402
2025-04-04 0.450000 4.456545
2025-01-03 0.450000 4.574410
2024-10-01 0.450000 4.246165
2024-07-05 0.450000 4.541688
2024-04-03 0.450000 4.759401
2024-01-11 0.450000 4.523781
2023-10-02 0.450000 5.131101
2023-07-03 0.450000 4.936224
2023-04-03 0.600000 6.499193
2023-01-04 0.600000 5.984503
2022-09-30 0.680000 8.358615
2022-07-01 0.680000 5.943010
2022-04-01 0.680000 5.678852
2021-12-28 0.680000 5.282998
2021-09-30 0.680000 5.057534
2021-06-28 0.680000 4.268129
2021-03-26 0.680000 4.600938
2020-12-29 0.680000 5.534001
2020-09-30 0.560000 5.718508
2020-06-29 0.560000 5.774623
2020-04-15 0.200000 2.621912
2019-12-30 1.600000 6.087258
2019-09-27 1.600000 6.936980
2019-06-28 1.600000 7.423274
2019-03-28 1.880000 8.429933
2018-12-28 1.880000 9.026262
2018-09-28 1.248000 5.440990
2018-07-24 0.632000 2.692821
2018-06-28 1.880000 7.963377
2018-03-29 1.880000 8.460281
2017-12-22 1.880000 8.224906
2017-09-28 1.703522 7.622904
2017-06-28 1.703522 7.821297
2017-03-29 1.638002 8.030254
2016-12-28 1.572482 8.757937
2016-09-28 1.506962 8.692994
2016-06-28 1.506962 9.136386
2016-03-29 1.506962 10.202639
2015-12-28 1.703522 11.092511
2015-09-28 1.703522 10.655608
2015-06-26 1.703522 9.880155
2015-03-27 1.703522 9.473158
2014-12-26 1.703522 10.168150
2014-09-26 1.703522 10.600081
2014-06-30 1.703522 10.308628
2014-03-27 1.703522 10.961091
2013-12-24 1.703522 12.291242
2013-09-24 1.834562 13.180054
2013-06-26 2.031122 13.963927
2013-03-28 2.096642 12.090957
2012-12-27 3.355311 24.164212
2012-09-20 2.196203 15.830133
2012-06-20 2.440226 20.572035
2012-03-22 2.440226 21.621017
2011-12-22 2.440226 24.416315
2011-09-22 2.440226 27.175687
2011-06-22 2.440226 23.618106
2011-03-10 2.440226 24.208127
2010-12-15 2.440226 27.867416
2010-09-28 2.379220 30.241057
2010-06-28 2.013186 28.819390
2010-03-29 2.196203 29.952094
2009-12-29 1.586147 21.289635
Additional Data
dividendRate 1.41
dividendYield 12.67
exDividendDate 2026-04-02
trailingAnnualDividendRate 1.52
trailingAnnualDividendYield 0.13656783
lastDividendValue 0.34
lastDividendDate 2026-04-02
dividendDate 2026-04-15

Info Dump

Attribute Value
52 Week Change 0.02675271
Address1 1,601 Utica Avenue South
Address2 Suite 900
All Time High 85.529915
All Time Low 8.78
Ask 11.11
Ask Size 2,400
Audit Risk 8
Average Daily Volume10 Day 2,057,640
Average Daily Volume3 Month 3,599,752
Average Volume 3,599,752
Average Volume10Days 2,057,640
Beta 1.11
Bid 11.1
Bid Size 2,000
Board Risk 2
Book Value 11.321
City Saint Louis Park
Compensation As Of Epoch Date 1,735,603,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.105
Current Ratio 0.237
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 11.145
Day Low 11.07
Debt To Equity 478.847
Display Name Two Harbors Inv
Dividend Date 1,776,211,200
Dividend Rate 1.41
Dividend Yield 12.67
Earnings Call Timestamp End 1,777,467,600
Earnings Call Timestamp Start 1,777,467,600
Earnings Quarterly Growth -0.958
Earnings Timestamp 1,777,406,400
Earnings Timestamp End 1,777,406,400
Earnings Timestamp Start 1,777,406,400
Ebitda Margins 0.0
Enterprise To Revenue 24.986
Enterprise Value 9,245,045,760
Eps Current Year 1.06794
Eps Forward 1.29851
Eps Trailing Twelve Months -4.88
Esg Populated 0
Ex Dividend Date 1,775,088,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.644
Fifty Day Average Change 0.4609995
Fifty Day Average Change Percent 0.043310735
Fifty Two Week Change Percent 2.675271
Fifty Two Week High 14.17
Fifty Two Week High Change -3.0650005
Fifty Two Week High Change Percent -0.21630208
Fifty Two Week Low 8.78
Fifty Two Week Low Change 2.3249998
Fifty Two Week Low Change Percent 0.26480636
Fifty Two Week Range 8.78 - 14.17
Financial Currency USD
First Trade Date Milliseconds 1,256,909,400,000
Five Year Avg Dividend Yield 14.65
Float Shares 103,944,436
Forward Eps 1.29851
Forward P E 8.55211
Full Exchange Name NYSE
Full Time Employees 486
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.96559995
Gross Profits 357,284,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00988
Held Percent Institutions 0.74003
Implied Shares Outstanding 105,043,189
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,775,088,000
Last Dividend Value 0.34
Last Fiscal Year End 1,767,139,200
Last Split Date 1,667,347,200
Last Split Factor 1:4
Long Business Summary Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes. The company was incorporated in 2009 and is headquartered in Saint Louis Park, Minnesota.
Long Name Two Harbors Investment Corp.
Market us_market
Market Cap 1,166,504,576
Market State REGULAR
Max Age 86,400
Message Board Id finmb_35879939
Most Recent Quarter 1,767,139,200
Net Income To Common -508,400,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,167,416,139
Number Of Analyst Opinions 4
Open 11.13
Operating Cashflow 88,917,000
Operating Margins 0.15678
Overall Risk 4
Payout Ratio 0.75949997
Phone 612 453 4100
Previous Close 11.13
Price Eps Current Year 10.398524
Price Hint 2
Price To Book 0.9809204
Price To Sales Trailing12 Months 3.152613
Profit Margins -1.2278
Quick Ratio 0.195
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.025000572
Regular Market Change Percent -0.2246233
Regular Market Day High 11.145
Regular Market Day Low 11.07
Regular Market Day Range 11.07 - 11.145
Regular Market Open 11.13
Regular Market Previous Close 11.13
Regular Market Price 11.105
Regular Market Time 1,776,440,736
Regular Market Volume 934,135
Return On Assets -0.0394
Return On Equity -0.23235
Revenue Growth -0.493
Revenue Per Share 3.554
Sand P52 Week Change 0.36506534
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 6
Shares Outstanding 104,889,141
Shares Percent Shares Out 0.0713
Shares Short 7,480,241
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 7,235,617
Short Name Two Harbors Investment Corp
Short Percent Of Float 0.097399995
Short Ratio 1.47
Source Interval 15
State MN
Symbol TWO
Target High Price 12.5
Target Low Price 10.8
Target Mean Price 11.45
Target Median Price 11.25
Total Cash 1,086,988,032
Total Cash Per Share 10.348
Total Debt 8,561,436,160
Total Revenue 370,012,000
Tradeable 0
Trailing Annual Dividend Rate 1.52
Trailing Annual Dividend Yield 0.13656783
Trailing Eps -4.88
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.44695
Two Hundred Day Average Change 0.6580496
Two Hundred Day Average Change Percent 0.06298964
Type Disp Equity
Volume 934,135
Website https://www.twoinv.com
Zip 55,416