Stock Fundamentals

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
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.

Address:

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

Directors & Officers

Name Title Year Born
Mr. William Ross Greenberg Ph.D. President, CEO & Director 1968
Mr. William Dellal VP & Chief Financial Officer 1950
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

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 16.43M Sep 30, 2025 15.64% $0.00 -1.26%
Vanguard Group Inc 10.97M Dec 31, 2025 10.45% $0.00 -0.13%
Millennium Management LLC 4.54M Sep 30, 2025 4.32% $0.02 45.35%
Allspring Global Investments Holdings, LLC 4.20M Sep 30, 2025 4.00% $0.07 -19.80%
State Street Corp 3.92M Sep 30, 2025 3.73% $0.00 -2.76%
Amvescap Plc. 2.64M Sep 30, 2025 2.51% $0.00 -0.56%
Geode Capital Management, LLC 2.46M Sep 30, 2025 2.35% $0.00 -0.76%
Balyasny Asset Management LLC 2.17M Dec 31, 2025 2.07% $0.03 13.97%
Algebris Investment Management (UK) LLP 1.78M Sep 30, 2025 1.69% $1.99 0.00%
Schonfeld Strategic Advisors LLC 1.57M Dec 31, 2025 1.50% $0.07 0.00%
Charles Schwab Investment Management Inc 1.40M Dec 31, 2025 1.34% $0.00 0.46%
Ameriprise Financial Inc 1.24M Sep 30, 2025 1.18% $0.00 8.85%
Northern Trust Corp 1.19M Sep 30, 2025 1.13% $0.00 -1.97%
UBS Group AG 1.10M Sep 30, 2025 1.05% $0.00 -15.38%
Cnh Partners, LLC 1.09M Dec 31, 2025 1.04% $0.24 0.00%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.04M Sep 30, 2025 0.99% $0.02 8.06%
Van Eck Associates Corporation 901.58K Sep 30, 2025 0.86% $0.01 8.64%
Victory Capital Management Inc. 867.28K Sep 30, 2025 0.83% $0.01 -24.76%
Verition Fund Managegment, LLC 833.90K Dec 31, 2025 0.79% $0.03 0.00%
Bank of America Corp 785.63K Sep 30, 2025 0.75% $0.00 28.06%

Shares Statistics

Shares Outstanding: 105.04M
Shares Float: 103.94M
% Insiders: 105.20%
% Institutions: 7,380.00%
Short % Float: 9.86%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 BlackRock Inc 16.43M 15.64% ▼ 1.26% Sep 30, 2025
2 Vanguard Group Inc 10.97M 10.45% ▼ 0.13% Dec 31, 2025
3 Millennium Management LLC 4.54M 4.32% ▲ 45.35% Sep 30, 2025
4 Allspring Global Investments Holdings, LLC 4.20M 4.00% ▼ 19.80% Sep 30, 2025
5 State Street Corp 3.92M 3.73% ▼ 2.76% Sep 30, 2025
6 Amvescap Plc. 2.64M 2.51% ▼ 0.56% Sep 30, 2025
7 Geode Capital Management, LLC 2.46M 2.35% ▼ 0.76% Sep 30, 2025
8 Balyasny Asset Management LLC 2.17M 2.07% ▲ 13.97% Dec 31, 2025
9 Algebris Investment Management (UK) LLP 1.78M 1.69% ▲ 0.00% Sep 30, 2025
10 Schonfeld Strategic Advisors LLC 1.57M 1.50% ▲ 0.00% Dec 31, 2025

Valuation Metrics

Enterprise Value: $9.16B
Trailing P/E: 0.00
Forward P/E: 8.61

Financial Highlights

Market Cap: $1.09B
PEG Ratio: $3.59
Book Value: $11.32
Dividend/Share: $1.52
Dividend Yield: 14.38%
Earnings/Share: $-4.88
Profit Margin: -122.78%
Operating Margin: 22.04%
ROA (TTM): -3.94%
ROE (TTM): -23.24%
Revenue (TTM): $370.01M
Revenue/Share (TTM): $3.55
Earnings Growth (YOY): -76.30%
Revenue Growth (YOY): -48.50%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 0.19x 4.97x 0.84x 0.86x 21.15x
2024-12-31 0.06x 0.60x 0.83x 1.56x 1.35x
2023-12-31 0.74x 0.86x 0.83x -0.20x -14.67x
2022-12-31 21.35x 0.82x 0.84x 2.26x 3.09x
2021-12-31 19.38x 0.45x 0.77x 2.15x 6.49x
2020-12-31 53.12x 0.19x 0.84x -5.92x -0.35x
2019-12-31 72.01x 0.20x 0.86x 0.43x 3.18x
2018-12-31 55.75x 0.49x 0.86x 1.00x 4.00x
2017-12-31 209.39x 0.09x 0.86x 0.97x 0.40x
2016-12-31 137.27x 0.02x 0.83x 1.65x 0.14x
2015-12-31 460.95x 1.40x 0.75x 3.35x 10.52x
2014-12-31 648.34x 3.21x 0.81x 0.87x 136.82x
2013-12-31 657.52x 3.14x 0.78x 6.61x 18.25x
2012-12-31 764.46x 0.04x 0.00x 3.46x 0.50x
2011-12-31 1.14x 0.04x 0.84x 6.60x 0.38x
2010-12-31 1.24x 0.00x 0.79x 6.36x 0.00x
2009-12-31 8.25x 1.70x 0.77x -74.52x -24.26x
2008-12-31 15.31x 0.00x 0.30x N/A 0.00x
2007-12-31 2.81x 0.00x 0.30x N/A 0.00x

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

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