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Two Harbors Investment Corp. TWO-PB
Real Estate - REIT - Mortgage - NYSE - US
Watchlist
$ 23.2
-1.52 %
$ 1.19 B
Market Cap
42.11
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one TWO-PB stock under the worst case scenario is HIDDEN Compared to the current market price of 23.2 USD, Two Harbors Investment Corp. is HIDDEN

TWO-PB Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one TWO-PB stock under the base case scenario is HIDDEN Compared to the current market price of 23.2 USD, Two Harbors Investment Corp. is HIDDEN

TWO-PB Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one TWO-PB stock under the best case scenario is HIDDEN Compared to the current market price of 23.2 USD, Two Harbors Investment Corp. is HIDDEN

TWO-PB Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart TWO-PB

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1M -3%
6M 3%
1Y 13%
3Y 18%
5Y 27%
All
FINANCIALS
257 M REVENUE
-36.86%
Growth Rates
1Year -36.86%
3Years 29.36%
5Years 6.72%
7Years -8.66%
10Years -9.89%
109 M OPERATING INCOME
-80.21%
Growth Rates
1Year -80.21%
3Years 27.35%
5Years -26.80%
7Years -21.42%
10Years -17.71%
-106 M NET INCOME
-48.30%
Growth Rates
1Year -48.30%
3Years 59.74%
5Years -19.15%
7Years -3.83%
10Years -1.70%
344 M OPERATING CASH FLOW
-44.90%
Growth Rates
1Year -44.90%
3Years -18.37%
5Years -13.34%
7Years 5.28%
10Years 10.67%
-196 M INVESTING CASH FLOW
92.88%
Growth Rates
1Year 92.88%
3Years -0.44%
5Years -0.80%
7Years 38.40%
10Years -3.29%
-479 M FINANCING CASH FLOW
-41.12%
Growth Rates
1Year -41.12%
3Years 67.91%
5Years 38.50%
7Years -1.26%
10Years -15.64%
-368 M REVENUE
-176.48%
Growth Rates
1Year -36.86%
3Years 29.36%
5Years 6.72%
7Years -8.66%
10Years -9.89%
0 OPERATING INCOME
0.00%
Growth Rates
1Year -80.21%
3Years 27.35%
5Years -26.80%
7Years -21.42%
10Years -17.71%
-238 M NET INCOME
-423.33%
Growth Rates
1Year -48.30%
3Years 59.74%
5Years -19.15%
7Years -3.83%
10Years -1.70%
87.1 M OPERATING CASH FLOW
-39.38%
Growth Rates
1Year -44.90%
3Years -18.37%
5Years -13.34%
7Years 5.28%
10Years 10.67%
-255 M INVESTING CASH FLOW
-93.06%
Growth Rates
1Year 92.88%
3Years -0.44%
5Years -0.80%
7Years 38.40%
10Years -3.29%
-7.26 M FINANCING CASH FLOW
98.03%
Growth Rates
1Year -41.12%
3Years 67.91%
5Years 38.50%
7Years -1.26%
10Years -15.64%
Balance Sheet Two Harbors Investment Corp.
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Current Assets 1.72 B
Cash & Short-Term Investments 795 M
Receivables 359 M
Other Current Assets 567 M
Non-Current Assets 11.1 B
Long-Term Investments 8.04 B
PP&E 0
Other Non-Current Assets 3.05 B
Current Liabilities 2.25 B
Accounts Payable 142 M
Short-Term Debt 1.33 B
Other Current Liabilities 775 M
Non-Current Liabilities 269 M
Long-Term Debt 269 M
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Two Harbors Investment Corp.
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Revenue 257 M
Cost Of Revenue 95.5 M
Gross Profit 162 M
Operating Expenses 31.2 M
Operating Income 109 M
Other Expenses 215 M
Net Income -106 M
RATIOS
62.86% GROSS MARGIN
62.86%
Averages
1Year 62.86%
3Years 72.51%
5Years 81.69%
7Years 77.92%
10Years 79.11%
42.29% OPERATING MARGIN
42.29%
Averages
1Year 42.29%
3Years 84.07%
5Years 86.29%
7Years 112.64%
10Years 108.24%
-41.38% NET MARGIN
-41.38%
Averages
1Year -41.38%
3Years 28.69%
5Years 53.24%
7Years 47.31%
10Years 57.68%
-4.83% ROE
-4.83%
Averages
1Year -4.83%
3Years 4.03%
5Years -6.83%
7Years -3.64%
10Years 0.28%
-0.81% ROA
-0.81%
Averages
1Year -0.81%
3Years 0.79%
5Years -1.02%
7Years -0.55%
10Years 0.21%
3.65% ROIC
3.65%
Averages
1Year 3.65%
3Years 7.12%
5Years -2.72%
7Years 22.17%
10Years 16.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Two Harbors Investment Corp.
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Net Income -106 M
Depreciation & Amortization 0
Capital Expenditures 0
Stock-Based Compensation 11 M
Change in Working Capital 57.5 M
Others 390 M
Free Cash Flow 30.9 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Two Harbors Investment Corp.
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TWO-PB has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
4.08% DIVIDEND YIELD
0.477 USD DIVIDEND PER SHARE
5. COMPETITION

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.

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102 USD
TWO-PC
Undervalued 309.20%

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

image
166 USD
CIM-PA
Undervalued 634.71%

MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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-57.1 USD
MFA-PB
Overvalued 368.44%

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.

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99.8 USD
TWO-PA
Undervalued 314.43%

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

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182 USD
CIM-PD
Undervalued 635.43%

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

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170 USD
CIM-PC
Undervalued 637.85%

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.

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416 USD
PMT-PB
Undervalued 1668.29%

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

image
183 USD
CIM-PB
Undervalued 636.31%

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.

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420 USD
PMT-PA
Undervalued 1667.81%
6. Ownership
Insider Ownership Two Harbors Investment Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
384 K USD 8
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 year ago
Jan 16, 2024
Sell 22.9 K USD
VINAR JASON
Chief Operating Officer
- 1721
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 46 K USD
Sandberg Rebecca B
Chief Legal Officer
- 3466
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 42.9 K USD
RUSH ROBERT
Chief Risk Officer
- 3227
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 38.1 K USD
RISKEY MARY KATHRYN
Chief Financial Officer
- 2868
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 76.2 K USD
LETICA NICHOLAS
Chief Investment Officer
- 5737
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 14.3 K USD
KEEN MATTHEW
Chief Technology Officer
- 1075
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 15.2 K USD
HANSON ALECIA
Chief Administrative Officer
- 1147
 13.2838 USD
1 year ago
Jan 16, 2024
Sell 128 K USD
GREENBERG WILLIAM ROSS
Chief Executive Officer
- 9663
 13.2838 USD
1 year ago
Jan 09, 2024
Sell 16.1 K USD
KEEN MATTHEW
Chief Technology Officer
- 1147
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 22.6 K USD
VINAR JASON
Chief Operating Officer
- 1607
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 139 K USD
GREENBERG WILLIAM ROSS
Chief Executive Officer
- 9878
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 48.4 K USD
RUSH ROBERT
Chief Risk Officer
- 3443
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 48.4 K USD
Sandberg Rebecca B
Chief Legal Officer
- 3446
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 16.1 K USD
KEEN MATTHEW
Chief Technology Officer
- 1147
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 43 K USD
RISKEY MARY KATHRYN
Chief Financial Officer
- 3060
 14.0506 USD
1 year ago
Jan 09, 2024
Sell 17.2 K USD
HANSON ALECIA
Chief Administrative Officer
- 1224
 14.0506 USD
1 year ago
Aug 16, 2023
Sell 112 K USD
LETICA NICHOLAS
Vice Pres. & Chief Inv. Off.
- 8653
 12.9614 USD
1 year ago
May 22, 2023
Sell 51.5 K USD
Sandberg Rebecca B
General Counsel and Secretary
- 4175
 12.333 USD
1 year ago
May 22, 2023
Sell 46.3 K USD
RISKEY MARY KATHRYN
Chief Financial Officer
- 3755
 12.333 USD
1 year ago
May 22, 2023
Sell 108 K USD
GREENBERG WILLIAM ROSS
President and CEO
- 8741
 12.333 USD
1 year ago
May 18, 2023
Sell 84.3 K USD
KASNET STEPHEN G
Director
- 6863
 12.28 USD
1 year ago
May 18, 2023
Sell 21.7 K USD
BENDER JAMES J
Director
- 1766
 12.28 USD
1 year ago
May 18, 2023
Sell 28.9 K USD
Abraham Spencer
Director
- 2355
 12.28 USD
1 year ago
Feb 27, 2023
Sell 32.6 K USD
VINAR JASON
Vice President & COO
- 1949
 16.7301 USD
1 year ago
Feb 27, 2023
Sell 19.4 K USD
KEEN MATTHEW
Vice President & CTO
- 1158
 16.7301 USD
1 year ago
Feb 27, 2023
Sell 28.2 K USD
HANSON ALECIA
Vice President & CAO
- 1684
 16.7301 USD
1 year ago
Feb 27, 2023
Sell 61.4 K USD
RUSH ROBERT
Vice President & CRO
- 3668
 16.7306 USD
1 year ago
Feb 08, 2023
Sell 20.8 K USD
VINAR JASON
Vice President & COO
- 1228
 16.9743 USD
1 year ago
Feb 08, 2023
Sell 43.1 K USD
Sandberg Rebecca B
General Counsel and Secretary
- 2540
 16.971 USD
1 year ago
Feb 08, 2023
Sell 39 K USD
RUSH ROBERT
Vice President & CRO
- 2301
 16.9675 USD
1 year ago
Feb 08, 2023
Sell 37 K USD
RISKEY MARY KATHRYN
Chief Financial Officer
- 2181
 16.9676 USD
1 year ago
Feb 08, 2023
Sell 9.23 K USD
KEEN MATTHEW
Vice President & CTO
- 544
 16.96 USD
1 year ago
Feb 08, 2023
Sell 15.6 K USD
HANSON ALECIA
Vice President & CAO
- 915
 17.0208 USD
1 year ago
Feb 08, 2023
Sell 126 K USD
GREENBERG WILLIAM ROSS
President and CEO
- 7408
 16.992 USD
1 year ago
Jan 30, 2023
Sell 21.8 K USD
VINAR JASON
Vice President & COO
- 1231
 17.731 USD
1 year ago
Jan 30, 2023
Sell 50.5 K USD
Sandberg Rebecca B
General Counsel and Secretary
- 2855
 17.7014 USD
1 year ago
Jan 30, 2023
Sell 46.1 K USD
RUSH ROBERT
Vice President & CRO
- 2599
 17.7376 USD
1 year ago
Jan 30, 2023
Sell 38.8 K USD
RISKEY MARY KATHRYN
Chief Financial Officer
- 2188
 17.7378 USD
1 year ago
Jan 30, 2023
Sell 13.2 K USD
KEEN MATTHEW
Vice President & CTO
- 746
 17.7245 USD
1 year ago
Jan 30, 2023
Sell 18.2 K USD
HANSON ALECIA
Vice President & CAO
- 1026
 17.7299 USD
1 year ago
Jan 30, 2023
Sell 71.2 K USD
GREENBERG WILLIAM ROSS
President and CEO
- 4020
 17.7233 USD
3 years ago
Aug 10, 2021
Sell 643 K USD
KOEPPEN MATTHEW
other: Former Chief Inv. Officer
- 100000
 6.4267 USD
3 years ago
Aug 11, 2021
Sell 709 K USD
KOEPPEN MATTHEW
other: Former Chief Inv. Officer
- 110000
 6.4417 USD
3 years ago
Aug 12, 2021
Sell 548 K USD
KOEPPEN MATTHEW
other: Former Chief Inv. Officer
- 84913
 6.4551 USD
11 years ago
May 15, 2013
Sell 5.12 M USD
Pine River Capital Management L.P.
other: Group
- 500000
 10.25 USD
7. News
8. Profile Summary

Two Harbors Investment Corp. TWO-PB

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COUNTRY US
INDUSTRY REIT - Mortgage
MARKET CAP $ 1.19 B
Dividend Yield 4.08%
Description 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.
Contact 601 Carlson Parkway, Minnetonka, MN, 55305 https://www.twoharborsinvestment.com
IPO Date July 14, 2017
Employees 466
Officers Ms. Jillian Halm Chief Accounting Officer Mr. William Ross Greenberg Ph.D. President, Chief Executive Officer & Director Ms. Margaret Field Karr Head of Investor Relations Ms. Rebecca B. Sandberg J.D. Vice President, Chief Legal Officer, Secretary & Chief Compliance Officer Mr. Chris Hurley Chief Technology Officer Ms. Alecia Hanson Vice President & Chief Administrative Officer Mr. Jason Vinar Vice President & Chief Strategy Officer Mr. William Dellal Vice President & Interim Chief Financial Officer Mr. Nicholas Letica Vice President & Chief Investment Officer Mr. Robert Rush Vice President & Chief Risk Officer