Two Harbors Investments (NYSE:TWO) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of Two Harbors Investments Corp (NYSE:TWO) saw unusually-high trading volume on Thursday after the company announced a dividend. Approximately 1,970,774 shares traded hands during trading, an increase of 12% from the previous session’s volume of 1,760,214 shares.The stock last traded at $11.3050 and had previously closed at $11.11.

The newly announced dividend which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Monday, January 5th. Two Harbors Investments’s payout ratio is presently -54.40%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWO. JPMorgan Chase & Co. upped their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Two Harbors Investments in a research note on Monday. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group reduced their price target on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Two Harbors Investments currently has a consensus rating of “Hold” and a consensus target price of $11.96.

Two Harbors Investments Price Performance

The stock has a market capitalization of $1.19 billion, a PE ratio of -4.56 and a beta of 1.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average is $9.91 and its 200-day moving average is $10.09.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. As a group, equities analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

More Two Harbors Investments News

Here are the key news stories impacting Two Harbors Investments this week:

• Positive Sentiment: Acquisition by UWM provides an exit and liquidity event; the deal terms call for TWO shareholders to receive 2.3328 shares of UWM Class A for each TWO share, which sparked the initial sharp price rise as investors priced the takeover. Mortgage lender UWM Holdings to buy Two Harbors Investment in $1.3 billion deal
• Positive Sentiment: TWO announced a quarterly common dividend of $0.34 (annualized yield ~12%), which supports income investors and likely underpins buy interest ahead of the Jan. 5 record/ex‑dividend timing. TWO Announces Fourth Quarter 2025 Common and Preferred Stock Dividends
• Positive Sentiment: Macro tailwinds for mREITs — easing mortgage rates and potential Fed cuts — improve the sector outlook and provide a constructive backdrop for TWO post‑deal. Mortgage Rates Continue to Ease: 3 mREIT Stocks to Bet on for 2026
• Neutral Sentiment: Analyses of TWO’s convertible/debenture securities (TWOD) and whether they can be called post‑transaction are complex; bondholder outcomes may affect capital structure but aren’t an immediate stock catalyst. TWOD: Exploring If The Bonds Can Be Called After The Two Harbors Acquisition
• Neutral Sentiment: Unusually large options activity and high volume indicate traders are positioning for continued volatility around the deal and dividend dates; this can amplify moves but is not a directional fundamental change. Two Harbors Investments Target of Unusually Large Options Trading (NYSE:TWO)
• Neutral Sentiment: Several market writeups and explainer pieces have tried to reconcile the recent 12–16% intraday moves, useful for context but secondary to the deal and legal risks. Why Two Harbors Investment Corp.’s (TWO) Stock Is Up 12.36%
• Negative Sentiment: Multiple shareholder investigations and class‑action alerts (Kahn Swick & Foti, The M&A Class Action Firm, The Ademi Firm) allege the sale price/process may be inadequate — this increases legal/approval risk and can pressure the stock until resolved. Two Harbors Investment Investor Alert — KSF M&A Class Action Firm investigation Ademi Firm investigation
• Negative Sentiment: Maxim Group downgraded TWO from Buy to Hold, citing deal/valuation or risk concerns — a visible sell‑side change that can weigh on investor sentiment. Maxim Group downgrades Two Harbors Investment (TWO)
• Negative Sentiment: Commentary highlighting merger‑related uncertainty and share price volatility underscores execution and regulatory/approval risks that could keep TWO’s trading range choppy. Two Harbors: UWMC Merger Brings Uncertainty Amid Share Price Volatility

Insider Activity at Two Harbors Investments

In related news, insider Alecia Hanson sold 10,768 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.41, for a total value of $122,862.88. Following the completion of the transaction, the insider directly owned 45,288 shares of the company’s stock, valued at approximately $516,736.08. This represents a 19.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 55,488 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the sale, the executive directly owned 166,507 shares of the company’s stock, valued at $1,901,509.94. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,220 shares of company stock worth $1,339,054 in the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Two Harbors Investments

A number of hedge funds have recently bought and sold shares of TWO. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Two Harbors Investments in the 3rd quarter worth approximately $25,000. Quarry LP lifted its position in Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares in the last quarter. AlphaQuest LLC boosted its stake in Two Harbors Investments by 240.4% during the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,380 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Two Harbors Investments in the 3rd quarter valued at $42,000. Finally, CWM LLC increased its stake in shares of Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.