Two Harbors Investment Corp. (TWO)
Real Estate · NYQ
Price as at 1 Oct 2026, 07:12 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Two Harbors Investment Corp. trades at $12.18, close to the $10.76 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 34 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
TWO dividend history
No individual payments are on record for this listing, so the current facts above are all we can honestly show.
TWO earnings and analyst estimates
Recommendation mix, 8 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Two Harbors Investment Corp.
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 profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TWO passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$19.42M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.09M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$714.9K · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$620.5K · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$439.8K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in TWO
Trades in TWO disclosed by members of Congress and executive-branch officials, latest first:
- Donna Shalala · HouseSell · $1,001 - $15,000 · traded 4 Jun 2019 · disclosed 27 Apr 2020
- Gary Palmer · HouseBuy · $1,001 - $15,000 · traded 6 Aug 2018 · disclosed 29 Sept 2018
- Gary Palmer · HouseBuy · $1,001 - $15,000 · traded 12 Jul 2018 · disclosed 29 Sept 2018
- Gary Palmer · HouseBuy · $1,001 - $15,000 · traded 4 Apr 2017 · disclosed 29 Sept 2018
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TWO peers
The largest companies in the same industry (REIT - Mortgage), then in the same sector.
- RITM Rithm Capital Corp.
- DX Dynex Capital, Inc.
- ORC Orchid Island Capital, Inc.
- PMT-PB PennyMac Mortgage Investment Trust
- LADR Ladder Capital Corp
- ABR Arbor Realty Trust, Inc.
- CIM Chimera Investment Corporation
- ARI Apollo Commercial Real Estate Finance, Inc.
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Two Harbors Investment Corp. (TWO) undervalued?
Against our fair value estimate of $10.76, TWO at $12.18 is 12% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TWO?
5 of the institutions we track reported a position in TWO in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
Does Two Harbors Investment Corp. (TWO) pay a dividend?
Yes. Two Harbors Investment Corp. yields 11.25% at the current share price. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TWO data?
Fundamentals for TWO come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 07:12 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TWO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.