Two Harbors Investment Corp. | REIT Profile

Symbol: TWO
CIK: 1465740
Exchange: NYSE
Founded: 2009 (13 years)
HQ: New York, NY, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Mortgage

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Overall Score: 2.3

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $5.88
Closing Price: $5.86
Price Change: -0.02 (-0.34%)
Lowest Price: $5.75
Highest Price: $5.88

52-Week Low: $5.28
52-Week High: $7.55
52-Week Change: 1.46%

5 Day Price Change: 1.38%
1 Month Price Change: 0.98%
3 Month Price Change: -8.77%
6 Month Price Change: -6.79%
YTD Price Change: 1.91%
1 Year Price Change: 2.42%
2 Year Price Change: -52.40%
5 Year Price Change: 40.66%

Dividend of Trading Day January 14, 2022


Dividend Yield: 11.604%*
Annualized Dividend: $0.68*
Dividend Yield (TTM): 11.119%
Annualized Dividend (TTM): $0.6538
Ex-Dividend Date: 2021-12-28
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day January 14, 2022


Total Cash: N/A
Current Debt: $8,638,195,000
Revenue: $208,092,000
Gross Profit: $208,092,000
Total Revenue: $208,092,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $155,425,000
Revenue Per Share: $1
Revenue Per Employee: $14,451
Employee: 109
Debt to Equity Ratio (D/E): 4.20
Profit Margin: 1.61%
Enterprise Value (EV): $2,022,162,147
Enterprise Value to Revenue (EV/R): 9.72
Price to Sales (P/S): 9.72
Price to Book (P/B): 1.00
Price/Earnings-to-Growth (PEG) Ratio: 0.05
P/E Ratio: 5.19
P/E High: -2.67
P/E Low: -2.92
Forward P/E Ratio: 6.88
Market Capitalization: $2,015,284,044
Beta: 0.86
Latest Volume: 3,550,460
Avg. Total Volume: 4,720,111
Avg. 10-Day Volume: 2,670,026
Avg. 30-Day Volume: 4,720,111
TTM EPS: 1.13
Shares Outstanding: 343,905,127
Float: N/A
50-Day Moving Avg.: $5.82
200-Day Moving Avg.: $6.14

Latest REIT Community Comments on #TWO


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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $14.33 per share you would have been able to buy 69 shares of TWO on 2021-01-16 costing $988.77 @ $14.33 per share you would have been able to buy 34 shares of TWO on 2021-01-16 costing $487.22 @ $14.33 per share you would have been able to buy 17 shares of TWO on 2021-01-16 costing $243.61 @ $14.33 per share you would have been able to buy 6 shares of TWO on 2021-01-16 costing $85.98 @ $14.33 per share you would have been able to buy 3 shares of TWO on 2021-01-16 costing $42.99
Current worth On 2022-01-14 these 69 shares would be worth $404.34 @ $5.86 On 2022-01-14 these 34 shares would be worth $199.24 @ $5.86 On 2022-01-14 these 17 shares would be worth $99.62 @ $5.86 On 2022-01-14 these 6 shares would be worth $35.16 @ $5.86 On 2022-01-14 these 3 shares would be worth $17.58 @ $5.86
Dividends earned $58.65 in dividends would have been earned since 2021-01-16 with 69 shares. $29 in dividends would have been earned since 2021-01-16 with 34 shares. $14.45 in dividends would have been earned since 2021-01-16 with 17 shares. $5.10 in dividends would have been earned since 2021-01-16 with 6 shares. $2.55 in dividends would have been earned since 2021-01-16 with 34 shares.
Net (gain / loss)* -525.78 USD -259.08 USD -129.54 USD -45.72 USD -22.86 USD
ROI** -53.18% -53.18% -53.18% -53.18% -53.18%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by TWO. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
TWO 2021-12-28 0.170 --- 2021-12-16 2021-12-29 2022-01-28
TWO 2021-09-30 0.170 --- 2021-09-21 2021-10-01 2021-10-29
TWO 2021-06-28 0.170 --- 2021-06-17 2021-06-29 2021-07-29
TWO 2021-03-26 0.170 --- 2021-03-18 2021-03-29 2021-04-29
TWO 2020-12-29 0.170 21.43% 2020-12-17 2020-12-30 2021-01-29
TWO 2020-09-30 0.140 --- 2020-09-21 2020-10-01 2020-10-29
TWO 2020-06-29 0.140 180.00% 2020-06-18 2020-06-30 2020-07-29
TWO 2020-04-15 0.050 -87.50% 2020-04-06 2020-04-16 2020-04-29
TWO 2019-12-30 0.400 --- 2019-12-17 2019-12-31 2020-01-24
TWO 2019-09-27 0.400 --- 2019-09-19 2019-09-30 2019-10-28
TWO 2019-06-28 0.400 -14.89% 2019-06-19 2019-07-01 2019-07-29
TWO 2019-03-28 0.470 --- 2019-03-19 2019-03-29 2019-04-29
TWO 2018-12-28 0.470 50.83% 2018-12-18 2018-12-31 2019-01-28
TWO 2018-09-28 0.312 96.72% 2018-09-20 2018-10-01 2018-10-29
TWO 2018-07-24 0.158 -66.30% 2018-07-13 2018-07-25 2018-07-30
TWO 2018-06-28 0.470 --- 2018-06-19 2018-06-29 2018-07-27
TWO 2018-03-29 0.470 --- 2018-03-20 2018-04-02 2018-04-27
TWO 2017-12-22 0.470 80.77% 2017-12-14 2017-12-26 2017-12-29
TWO 2017-09-28 0.260 --- 2017-09-14 2017-09-29 2017-10-27
TWO 2017-06-28 0.260 4.00% 2017-06-15 2017-06-30 2017-07-27

Financial Statements Overview


The next Earnings Report for TWO is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 364,230,000 116,748,000 100,820,000 193,607,000
Inventory 0 0 0 0
Current Assets 10,371,546,000 11,318,506,000 14,880,422,000 17,921,383,000
Current Assets (Other) 2,266,356,000 2,080,482,000 2,146,906,000 1,692,090,000
Short Term Investments 8,931,100,000 9,920,528,000 13,620,296,000 16,343,012,000
Long-term Investments 1,113,002,000 1,183,606,000 1,111,493,000 1,594,538,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 329,028,000 317,059,000 298,839,000 332,871,000
Net Tangible Assets 2,032,338,000 1,781,505,000 2,018,166,000 2,111,425,000
Total Assets 11,484,548,000 12,502,112,000 15,991,915,000 19,515,921,000
Accounts Payable 0 0 0 0
Liabilities (Other) 111,465,000 101,848,000 99,729,000 83,433,000
Current Liabilities (Other) 7,396,685,000 8,562,765,000 11,908,784,000 15,377,940,000
Total Current Liabilities 8,638,195,000 9,916,209,000 13,171,470,000 16,343,562,000
Current Long-term Debt 1,241,510,000 1,353,444,000 1,262,686,000 965,622,000
Long-term Debt 0 0 0 0
Total Liabilities 8,749,660,000 10,018,057,000 13,271,199,000 16,426,995,000
Minority Interest 0 0 0 0
Common Stock 307,773,420 273,718,561 273,710,765 273,701,309
Retained Earnings -3,699,855,000 -3,698,868,000 -3,520,402,000 -3,696,707,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,734,888,000 2,484,055,000 2,720,716,000 3,088,926,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 36,040,000 43,443,000 56,109,000 72,500,000
Cost of Revenue 0 0 0 0
Gross Profit 36,040,000 43,443,000 56,109,000 72,500,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 120,993,000 371,134,000 360,700,000 2,265,437,000
Operating Income -84,953,000 -327,691,000 -304,591,000 -2,192,937,000
Income Expense Net (Other) 151,602,000 188,817,000 567,425,000 2,157,753,000
EBIT 66,649,000 -138,874,000 262,834,000 -35,184,000
Interest Income 0 0 0 0
Pretax Income 66,649,000 -138,874,000 262,834,000 214,987,000
Income Tax 325,000 -20,914,000 22,677,000 3,816,000
Minority Interest 0 0 0 0
Net Income 52,376,000 -131,934,000 222,684,000 192,220,000
Net Income Basic 52,376,000 -131,934,000 222,684,000 192,220,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 52,376,000 -131,934,000 222,684,000 192,220,000
Depreciation 0 0 0 0
Changes in Receivables 364,230,000 116,748,000 100,820,000 193,607,000
Changes in Inventories 0 0 0 0
Cash Change 1,076,216,000 1,281,230,000 1,159,306,000 1,384,764,000
Cash Flow 229,626,000 87,064,000 63,357,000 253,193,000
Capital Expenditures 0 0 0 0
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 626,362,000 3,257,690,000 2,904,100,000 1,462,220,000
Dividends Paid 0 0 0 0
Net Borrowings -7,689,590,000 -8,567,084,000 -12,357,610,000 -15,377,390,000
Cash Flow Financing -1,143,575,000 -3,295,651,000 -3,515,214,000 -1,281,007,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Two Harbors Investment Corp.


Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Two Harbors is headquartered in New York, NY, and is externally managed and advised by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
0 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
2.3 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Invesco Mortgage Capital, Inc. (IVR) 2.6 NYSE Small-Cap Mortgage United States
Chimera Investment Corporation (CIM) 4.5 NYSE Mid-Cap Mortgage United States

Last updated: 2022-01-16 - v2.8