Is Two Harbors Investment (TWO) overvalued or fairly valued?

MarketChacha shows Two Harbors Investment's valuation in context — a forward P/E of about 10.3, a price-to-book of about 1.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is the share price of Two Harbors Investment (TWO)?

Two Harbors Investment last traded at $12.09 (-0.1% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Two Harbors Investment

TWO · NYSE · Financials · United States

$12.09-0.1%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:33 PM

Snapshot

TickerTWO

ExchangeNYSE

SectorFinancials

IndustryREIT - Mortgage

CountryUnited States

Employees486

HeadquartersSaint Louis Park, United States

Market cap$1.3B

P/B1.1

Volume4.22M

Websitewww.twoinv.com

Filings tracked14

About Two Harbors Investment

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.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.0%
Institutions79.7%
Public & other19.2%

306 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.15.77%
Vanguard Portfolio Management LLC5.83%
Balyasny Asset Management LP4.69%
Vanguard Capital Management LLC4.43%
State Street Corporation3.75%
Sand Grove Capital Management Llp2.95%
Geode Capital Management, LLC2.36%
Millennium Management Llc2.02%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of -25.4% is on the low side — the business earns a modest return on shareholder capital.

Return on equity-25.4%

Latest ROE of -25.4% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $-8.2M · EPS 0.30

Est. earnings growth -15.7%

Next fiscal year

Rev $510,000 · EPS 1.18

Est. earnings growth -1.9%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$8.7852-wk range$14.17

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.3B

Day change

-0.1%

Fwd P/E

10.3

P/B

1.1

Div yield

11.24%

Beta

1.04

ROE

-25.4%

EPS (FY2025)

-4.88

Net profit (FY2025)

$-454.3M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about TWO

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$-454.3M	-4.88	-25.4%
FY2024	$298.2M	2.37	14.0%
FY2023	$-106.4M	-1.60	-4.8%

Quarterly

Period	Net profit	EPS
2026Q1	$32.3M	0.18
2025Q3	$-127.9M	-1.36
2025Q2	$-259.0M	-2.62
2025Q1	$-79.1M	-0.89
2024Q3	$-238.5M	-2.42
2024Q2	$56.3M	0.43
2024Q1	$203.6M	1.73
2023Q3	$306.2M	2.81
2023Q2	$197.4M	1.80
2023Q1	$-176.8M	-2.05

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results, Other events, Exhibits
SEC7/6/2026material
8-K — Other events, Exhibits
SEC6/23/2026material
8-K — Other events
SEC6/8/2026material
8-K — Other events, Exhibits
SEC5/28/2026material
8-K — Other events, Exhibits
SEC5/19/2026material
8-K — Other events, Exhibits
SEC5/15/2026material
8-K — Other events
SEC5/14/2026material
8-K — Material agreement, Other events, Exhibits
SEC5/8/2026material
8-K — Material agreement, Other events, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
10-K/A filing
SEC4/27/2026
8-K — Material agreement, Termination of agreement, Reg FD disclosure, Exhibits
SEC3/27/2026material
8-K — Other events, Exhibits
SEC3/23/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.