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TWO Harbors Investment Corp. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by GREENBERG WILLIAM ROSS, was filed 18 Feb 2021.
TWO Harbors Investment Corp.: what insiders have been doing
TWO Harbors Investment Corp. belongs to the Real Estate sector. Filings by its managers are published through SEC (Form 4). Between 22 October 2025 and 22 October 2026, 16 insiders published 53 filings.
The flow runs one way only: 13 sales worth €2.4M, from 11 insiders, and no purchase. At €1.0M, the sale published on 19 December 2025 by Greenberg William Ross is the largest of the period.
Compared with its exchange (2,023 companies, median 41 filings), a count of 53 filings is above the norm. Since 2016, the database holds 22 purchases and 172 sales by insiders of the company. For the fiscal year to 31 December 2025, the annual 10-K puts net income at -454.3 m USD, and the dividend at 1.52 USD per share.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Other companies in the same sector with recent insider buying flagged by our signals: Howard Hughes Holdings Inc. and Simon Property Group Inc /DE/. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
403
Thresholds
n/a
Buy Volume
€2M
22 ops. · all time
Sell Volume
€16M
172 ops. · all time
Who traded when
BuySaleAlecia Hanson5 sales
Jillian Halm5 sales
Nicholas Letica5 sales
Rebecca B. Sandberg5 sales
Robert Rush5 sales
William Ross Greenberg5 sales
+5 other insiders
Since the insiders bought
- +20.0%Entry US$50.78 · Close at T+365 US$60.93
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$12.18
Analyst consensus
4 analysts3.13/5
US$11.50Target US$11.91(-2%)US$12.12
Income statement
RevenueUS$115.1M
Net income-US$508.4M-3.4% margin
Valuation
PER (forward)10.3x
P/Book1.1x
Beta1.05
Balance sheet & cash
Market capUS$1.3B
Total debtUS$1.3B
Free Cash Flow-US$15.1M
Debt / Equity379%
Profitability & ownership
ROE-1.2%
ROA-0.2%
% insiders1.0%
% institutions87.7%
Last declaration on 25 August 2026
Declarations403 total
168,271 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100890:0
18,993 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100877:0
615,339 shares@ US$12.000.56% mcap93.8% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100883:1
47,166 shares@ US$12.000.043% mcap90.8% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100853:0
1,213,933 shares@ US$12.001.11% mcap83.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100896:1
3,025 shares@ US$12.000.0028% mcap0.2% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100896:2
18,833 shares@ US$12.000.017% mcap88.2% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100864:0
56,444 shares@ US$12.000.052% mcap100.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100861:0
35,039 shares@ US$12.000.032% mcap70.5% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100851:0
20,893 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100881:0
48,142 shares@ US$12.000.044% mcap98.7% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100881:1
56,049 shares@ US$12.000.051% mcap97.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100877:1
20,410 shares@ US$12.000.019% mcap100.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100855:0
83,388 shares@ US$12.000.076% mcap92.5% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100875:0
667,827 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100896:0
65,204 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100893:0
143,171 shares@ US$12.000.13% mcap92.1% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100893:1
59,097 shares@ US$12.000.054% mcap100.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100856:0
95,993 shares@ US$12.000.088% mcap71.3% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100857:0
297,105 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100883:0
99,912 shares0Common stock, par value $0.01 per shareSEC:0001104659-26-100886:0
242,470 shares@ US$12.000.22% mcap89.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100886:1
64,843 shares@ US$12.000.059% mcap100.0% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100859:0
406,688 shares@ US$12.000.37% mcap89.4% of flowCommon stock, par value $0.01 per shareSEC:0001104659-26-100890:1
7,034 shares@ US$12.570.0057% mcap5.5% of flowCommon stock, par value $0.01 per shareSEC:0001628280-26-035577:0
25 of 403 declarations
About TWO Harbors Investment Corp.
Two Harbors Investment Corp. (NYSE: TWO) is a United States-listed company traded on the NYSE and structured as an internally managed real estate investment trust, or REIT. Founded in 2009 and organized under Maryland law, the company is best understood as a mortgage REIT rather than a traditional property landlord. Its core business is to invest in, finance, and manage mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (Agency RMBS), making the company highly sensitive to interest-rate moves, mortgage prepayment behavior, funding costs, and spread dynamics. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1465740/000146574024000106/twoannualreportpostingvers.pdf?utm_source=openai))
Two Harbors’ main operating strengths are centered on residential mortgage finance. MSR represent the rights to service mortgage loans, collect fees, and administer borrowers’ accounts, while Agency RMBS are securities backed by residential mortgages associated with U.S. government-sponsored enterprises or agencies. The company also operates RoundPoint Mortgage Servicing LLC, its servicing platform, which management has described as one of the largest servicers of conventional loans in the country. This combination of assets and operating capabilities gives Two Harbors a differentiated profile versus mortgage REIT peers that rely more heavily on pure asset spread exposure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1465740/000146574024000106/twoannualreportpostingvers.pdf?utm_source=openai))
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From a market-positioning standpoint, Two Harbors competes in a specialist niche where portfolio construction, hedging discipline, and balance-sheet management are critical. Performance depends less on physical real estate and more on credit-market conditions, repo funding, mortgage rate expectations, and the company’s ability to manage duration and convexity risk. The MSR franchise can provide a relatively defensive counterweight to Agency RMBS exposure, especially when refinancing incentives are low and mortgage borrowers are less likely to prepay, which tends to support the value of servicing rights. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1465740/000146574024000106/twoannualreportpostingvers.pdf?utm_source=openai))
Recent company disclosures have highlighted the operational integration of RoundPoint, including the transfer of all servicing in 2024 and a servicing book exceeding 900,000 loans at that time. More recent earnings materials and risk disclosures point to a still-volatile rate environment, ongoing attention to interest-rate risk, and a focus on strategic execution, legal matters, and REIT compliance. For investors in France, Belgium, and Switzerland, Two Harbors should therefore be viewed as a U.S. mortgage-finance REIT with a financial, rate-sensitive earnings model rather than as a conventional property company. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1465740/000146574024000161/twoq2-2024earningspressrel.htm?utm_source=openai))
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