TWO

Two Harbors Investments Corp

TWO.US twoinv.com
Price N/A
USD · NYSE
52-week range
8.28
13.37
Market Cap
1.28B
P/E Ratio
0.00
Forward P/E
10.78
Book Value
10.88
Div. Yield
11.29%
% Institutions
87.72%
% Insiders
1.04%

1 Year

+40.7%

3 Year

+38.4%

10 Year

-28.3%
Description

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. As of August 25, 2026, Two Harbors Investment Corp. operates as a subsidiary of CrossCountry Mortgage, LLC.

Company Information

Company Name
Two Harbors Investments Corp
Sector
Real Estate
Industry
REIT - Mortgage
Exchange
NYSE
ISIN: US90187B8046
CIK: 0001465740
CUSIP: 90187B408
Currency: USD
Full Time Employees: 486
Phone: 612 453 4100
Website: twoinv.com
Fiscal Year End: December
IPO Date: Oct 29, 2009
Description:

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. As of August 25, 2026, Two Harbors Investment Corp. operates as a subsidiary of CrossCountry Mortgage, LLC.

Address:

1601 Utica Avenue South, Saint Louis Park, MN, United States, 55416

People

Directors & Officers

Name Title Year Born
Mr. William Ross Greenberg Ph.D. President & CEO 1969
Mr. William Dellal VP & CFO 1951
Mr. Nicholas Letica VP & Chief Investment Officer 1963
Ms. Rebecca B. Sandberg J.D. VP, Chief Legal Officer, Secretary & Chief Compliance Officer 1972
Mr. Robert Rush VP & Chief Risk Officer 1968
Ms. Jillian Halm Chief Accounting Officer 1986
Mr. Chris Hurley Chief Technology Officer NA
Ms. Alecia Hanson VP & Chief Administrative Officer 1981
Ms. Margaret Field Karr Head of Investor Relations NA
Ms. Sheila Lichty VP & Treasurer NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Jan 15, 2026 Jillian Halm N/A Sale 379.00 $13.18 $5.00K
Jan 12, 2026 James D Campbell N/A Sale 1.69K $12.39 $20.96K
Jan 12, 2026 Jillian Halm N/A Sale 1.74K $12.25 $21.36K
Jan 12, 2026 Nathan Boucher N/A Sale 666.00 $12.25 $8.16K
Jan 09, 2026 Nathan Boucher N/A Sale 601.00 $12.37 $7.43K
Dec 22, 2025 William Dellal N/A Sale 7.09K $11.44 $81.08K
Dec 19, 2025 Alecia Hanson N/A Sale 10.77K $11.41 $122.86K
Dec 19, 2025 Nicholas Letica N/A Sale 55.49K $11.42 $633.67K
Dec 19, 2025 Rebecca B Sandberg N/A Sale 27.37K $11.43 $312.84K
Dec 19, 2025 Robert Rush N/A Sale 23.59K $11.43 $269.68K
Aug 18, 2025 Nicholas Letica N/A Sale 8.65K $10.02 $86.71K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 16.57M Mar 31, 2026 15.76% $0.00 -1.45%
Vanguard Portfolio Management, LLC 6.12M Mar 31, 2026 5.82% $0.00 0.00%
Balyasny Asset Management LLC 4.93M Mar 31, 2026 4.69% $0.07 126.68%
Vanguard Capital Management, LLC 4.65M Mar 31, 2026 4.42% $0.00 0.00%
State Street Corp 3.93M Mar 31, 2026 3.74% $0.00 0.48%
Sand Grove Capital Management LLP 3.09M Mar 31, 2026 2.94% $7.96 0.00%
Geode Capital Management, LLC 2.48M Mar 31, 2026 2.36% $0.00 -0.24%
AllianceBernstein L.P. 2.11M Mar 31, 2026 2.01% $0.01 63.93%
Cnh Partners, LLC 2.02M Mar 31, 2026 1.92% $0.38 85.65%
Amvescap Plc. 1.96M Mar 31, 2026 1.86% $0.00 -22.49%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.84M Mar 31, 2026 1.75% $0.03 63.77%
Millennium Management LLC 1.56M Jun 30, 2026 1.49% $0.01 -26.38%
The Goldman Sachs Group Inc 1.50M Mar 31, 2026 1.42% $0.00 31.75%
UBS Group AG 1.47M Mar 31, 2026 1.40% $0.00 -6.18%
Charles Schwab Investment Management Inc 1.38M Mar 31, 2026 1.31% $0.00 -1.83%
Test Hedge Fund Mgmt 1.37M Mar 31, 2026 1.31% $0.73 0.00%
Northern Trust Corp 1.22M Mar 31, 2026 1.16% $0.00 4.18%
Morgan Stanley - Brokerage Accounts 1.18M Mar 31, 2026 1.12% $0.00 23.90%
Van Eck Associates Corporation 1.10M Mar 31, 2026 1.05% $0.01 12.76%
First Trust Capital Management L.P. 1.08M Mar 31, 2026 1.03% $0.65 924.87%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 3.34M 3.18% ▲ 0.00% Jul 31, 2026
2 Vanguard Small Cap Index 2.41M 2.30% ▲ 0.45% Jul 31, 2026
3 Vanguard MStar Small Cap Value Index 1.53M 1.46% ▲ 0.48% Jul 31, 2026
4 Vanguard Institutional Extnd Mkt Idx Tr 1.21M 1.15% ▲ 0.15% Jul 31, 2026
5 Fidelity Small Cap Index 1.16M 1.10% ▲ 10.57% Jun 30, 2026
6 NexPoint Merger Arbitrage Z 971.05K 0.92% ▲ 0.00% Mar 31, 2026
7 Vanguard Tax-Managed Small Cap Adm 780.94K 0.74% ▲ 0.00% Jul 31, 2026
8 Russell 2000 Index Non-Lendable Fund 666.46K 0.63% ▼ 0.08% Jun 30, 2026
9 Russell 2000 Equity Index Fund B 666.46K 0.63% ▼ 0.08% Jun 30, 2026
10 State St Russell Sm/Mid Cp® Indx SL Cl I 620.84K 0.59% ▲ 0.00% Jul 31, 2026

Financial Highlights

Market Cap: $1.28B
PEG Ratio: $2.76
Book Value: $10.88
Dividend/Share: $1.36
Dividend Yield: 11.29%
Earnings/Share: $-0.72
Profit Margin: -3.39%
Operating Margin: 48.13%
ROA (TTM): -0.20%
ROE (TTM): -1.19%
Revenue (TTM): $640.21M
Revenue/Share (TTM): $6.12
Earnings Growth (YOY): -76.30%
Revenue Growth (YOY): 620.20%

Valuation Metrics

Enterprise Value: $7.65B
Trailing P/E: 0.00
Forward P/E: 10.78

Shares Statistics

Shares Outstanding: 105.13M
Shares Float: 96.21M
% Insiders: 1.04%
% Institutions: 87.72%
Short % Float: 5.64%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$605.61M
Cost of Goods Sold
adjust
$-12.73M
Gross Profit
subtotal
$592.88M
SG&A
adjust
$-95.33M
Other Operating Expense
adjust
$-81.75M
Operating Income
subtotal
$415.81M
Other / Non-Operating Items
adjust
$-870.11M
Net Income
subtotal
$-454.30M

Earnings Per Share (EPS) History

Financial Ratios

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