TWO

TWO HARBORS INVESTMENT CORP.

NYSE · Real Estate Investment Trusts · Inc. MD · CIK 0001465740

$12.34 +0.08% $1.3B

Insider Selling Cluster (2 insiders)8 New Institutional Positions16 Institutional Exits

Vol

Market Cap$1.3B

Cap SizeSmall Cap

Analyst ConsensusSell (0%)

Inst. Holders50 funds

Inst. Value$626.3M

Inst. Activity8 buys / 16 sells

Insider Activity0B / 2S

Insider Net $-$145.3K

Reddit Sentiment63° Warm

Exchange NYSE·Sector Real Estate Investment Trusts·Inc. MD·CIK 0001465740·Prev Close $12.33

Recent Activity

May 15, 2026 Insider

Abraham Spencer sold 4,522 shares

Director @ $12.58 ($56.9K)

May 15, 2026 Insider

KASNET STEPHEN G sold 7,034 shares

Director @ $12.57 ($88.4K)

Inst.

BALYASNY ASSET MANAGEMENT L.P. — DOUBLED

4,929,421 shares ($56.3M)

Inst.

MIRAE ASSET GLOBAL ETFS — ADD

1,841,376 shares ($21.0M)

Apr 28, 2026 earnings_calendar

TWO Q1 2026 Earnings After Market Close — 2026-04-28

Price Targets

$11.63 -5.8% upside Sell

Current $12.34 Low $11.00 Median $11.25 High $13.00 4 analysts

$11.00 $13.00

Analyst Ratings

Strong Sell0% buy · 16 analysts

0Strong Buy

0Buy

10Hold

5Sell

1Strong Sell

Recent Analyst Actions

Date	Firm	Action	Rating
Apr 16, 2026	JP Morgan	DOWNGRADE	Neutral → Underweight
Mar 27, 2026	Compass Point	DOWNGRADE	Buy → Neutral
Feb 4, 2026	JP Morgan	MAINTAIN	Neutral → Neutral
Jan 23, 2026	UBS	DOWNGRADE	Buy → Neutral
Dec 18, 2025	Maxim Group	DOWNGRADE	Buy → Hold

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$0.29	$0.26 — $0.32	5% YoY	3
Next Q	$0.31 ▲ +2.1%	$0.27 — $0.35	-15% YoY	3
Current FY	$1.27 ▲ +19.2%	$1.14 — $1.38	12% YoY	4
Next FY	$1.16 ▼ -12.9%	$0.69 — $1.40	-9% YoY	5

Top Institutional Holders

Fund	Value	Move
BlackRock, Inc.	$189.2M	—
VANGUARD PORTFOLIO MANAGEMENT LLC	$69.9M	—
BALYASNY ASSET MANAGEMENT L.P.	$56.3M	DOUBLED
VANGUARD CAPITAL MANAGEMENT LLC	$53.1M	—
STATE STREET CORP	$44.9M	—

Recent Insider Trades

Date	Insider	Type	Value
May 15, 2026	Abraham Spencer	SELL	$56.9K
May 15, 2026	KASNET STEPHEN	SELL	$88.4K

Reddit Sentiment

63°▲

Warm

Bearish Neutral Bullish

15 mentions 7 bullish 2 bearish

50 institutional holders with $626.3M total value (55,015,894 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, BALYASNY. Net selling activity: 16 institutions trimmed/exited vs 8 added.

Top Institutional Holders — 2026-Q1

#	Fund	Shares	Value	% of Tracked	Last Move
1	BlackRock, Inc.	16,566,640	$189.2M	30.2%	—
2	VANGUARD PORTFOLIO MANAGEMENT LLC	6,119,894	$69.9M	11.2%	—
3	BALYASNY ASSET MANAGEMENT L.P.	4,929,421	$56.3M	9.0%	DOUBLED +126.7%
4	VANGUARD CAPITAL MANAGEMENT LLC	4,651,280	$53.1M	8.5%	—
5	STATE STREET CORP	3,934,529	$44.9M	7.2%	—
6	Invesco Ltd.	1,955,820	$22.3M	3.6%	—
7	ALLIANCEBERNSTEIN L.P.	2,109,499	$22.1M	3.5%	NEW
8	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	1,841,376	$21.0M	3.4%	ADD +63.8%
9	GOLDMAN SACHS GROUP INC	1,497,453	$17.1M	2.7%	—
10	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,378,605	$15.7M	2.5%	—
11	MORGAN STANLEY	1,175,801	$13.4M	2.1%	ADD +42.6%
12	VICTORY CAPITAL MANAGEMENT INC	863,903	$9.9M	1.6%	TRIM -27.9%
13	SUSQUEHANNA INTERNATIONAL GROUP, LLP	779,300	$8.9M	1.4%	—
14	BARCLAYS PLC	763,054	$8.7M	1.4%	ADD +69.1%
15	VANGUARD FIDUCIARY TRUST CO	702,183	$8.0M	1.3%	—
16	ADAGE CAPITAL PARTNERS GP, L.L.C.	700,000	$8.0M	1.3%	DOUBLED +180.0%
17	BANK OF AMERICA CORP /DE/	670,152	$7.7M	1.2%	TRIM -40.6%
18	SUSQUEHANNA INTERNATIONAL GROUP, LLP	593,700	$6.8M	1.1%	—
19	Verition Fund Management LLC	415,373	$4.7M	0.8%	TRIM -50.2%
20	PUBLIC SECTOR PENSION INVESTMENT BOARD	375,545	$4.3M	0.7%	—

Recent Position Changes

Fund	Action	Prev Shares	Curr Shares	Change %	Value	Quarter
BALYASNY ASSET MANAGEMENT L.P.	DOUBLED	2,174,570	4,929,421	+126.7%	$56.3M	2026-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	ADD	1,124,353	1,841,376	+63.8%	$21.0M	2026-Q1
VICTORY CAPITAL MANAGEMENT INC	TRIM	1,197,477	863,903	-27.9%	$9.9M	2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C.	DOUBLED	250,000	700,000	+180.0%	$8.0M	2026-Q1
BANK OF AMERICA CORP /DE/	TRIM	1,128,996	670,152	-40.6%	$7.7M	2026-Q1
Verition Fund Management LLC	TRIM	833,902	415,373	-50.2%	$4.7M	2026-Q1
AMERIPRISE FINANCIAL INC	NEAR_EXIT	1,378,324	177,604	-87.1%	$2.0M	2026-Q1
GABELLI FUNDS LLC	DOUBLED	50,000	150,000	+200.0%	$1.7M	2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD	DOUBLED	22,214	47,412	+113.4%	$541.4K	2026-Q1
MARSHALL WACE, LLP	NEAR_EXIT	2,274,860	46,843	-97.9%	$534.9K	2026-Q1
TORONTO DOMINION BANK	TRIM	60,402	29,566	-51.1%	$337.6K	2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE	TRIM	45,686	27,998	-38.7%	$319.7K	2026-Q1
FIFTH THIRD BANCORP	DOUBLED	72	25,861	+35818.1%	$295.3K	2026-Q1
State of Tennessee, Department of Treasury	TRIM	38,194	21,972	-42.5%	$250.9K	2026-Q1
VOYA INVESTMENT MANAGEMENT LLC	TRIM	44,795	19,561	-56.3%	$223.4K	2026-Q1
Amundi	ADD	11,852	19,420	+63.9%	$221.8K	2026-Q1
Russell Investments Group, Ltd.	TRIM	25,423	17,242	-32.2%	$196.9K	2026-Q1
SEI INVESTMENTS CO	NEAR_EXIT	78,477	14,476	-81.6%	$165.3K	2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC	TRIM	19,054	13,521	-29.0%	$154.4K	2026-Q1
PNC FINANCIAL SERVICES GROUP, INC.	TRIM	13,672	8,963	-34.4%	$102.4K	2026-Q1
NISA INVESTMENT ADVISORS, LLC	TRIM	19,716	8,135	-58.7%	$92.9K	2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC	NEAR_EXIT	7,126	282	-96.0%	$3.2K	2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/	ADD	90,647	113,706	+25.4%	$1.3K	2026-Q1
Allspring Global Investments Holdings, LLC	EXIT	1,761,802	0	-100.0%	$0.00	2026-Q1
MARSHALL WACE, LLP	NEW	—	2,274,860	—	$23.9M	2025-Q4

2 unique insiders with 2 transactions. Net insider value: -$145.3K ($0.00 bought, $145.3K sold).

Insider Transactions

Date	Insider	Title	Type	Shares	Price	Value
May 15, 2026	Abraham Spencer	Director	SELL	4,522	$12.58	$56.9K
May 15, 2026	KASNET STEPHEN G	Director	SELL	7,034	$12.57	$88.4K

∅

No SEC filing reports analyzed yet. Reports are generated when new filings are detected and processed by the LLM pipeline.

∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Sell (0% buy). Based on 16 analysts: 0 strong buy, 0 buy, 10 hold, 5 sell, 1 strong sell.

Analyst Price Targets

$11.63 mean target -5.8% upside Sell (3.13)

$11.00 Low $13.00 High

Metric	Value
Current Price	$12.34
Target Low	$11.00
Target Mean	$11.63
Target Median	$11.25
Target High	$13.00
# Analysts	4
Recommendation	Sell (3.13)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-06-30	$0.29	$0.26	$0.32	4.8%	+0.0%	1↑ 1↓	$-0.0B	46.0%	3
Next Q 2026-09-30	$0.31	$0.27	$0.35	-14.8%	+2.1%	1↑ 1↓	$-0.0B	53.4%	3
Current FY 2026-12-31	$1.27	$1.14	$1.38	11.6%	+19.2%	1↑ 1↓	$-0.0B	49.0%	4
Next FY 2027-12-31	$1.16	$0.69	$1.40	-8.9%	-12.9%	1↑ 0↓	$0.0B	102.5%	5

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$0.293
7d ago	$0.293
30d ago	$0.293
60d ago	$0.281	+0.012
90d ago	$0.276	+0.017

4 analyst firms have rated this stock: 0 upgrades, 4 downgrades, 0 initiations.

Individual Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
Apr 16, 2026	JP Morgan	DOWNGRADE	Neutral	Underweight
Mar 27, 2026	Compass Point	DOWNGRADE	Buy	Neutral
Feb 4, 2026	JP Morgan	MAINTAIN	Neutral	Neutral
Jan 23, 2026	UBS	DOWNGRADE	Buy	Neutral
Dec 18, 2025	Maxim Group	DOWNGRADE	Buy	Hold

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Sell	Strong Sell	Buy %
Jun 1, 2026	0	0	10	5	1	0%
May 1, 2026	0	0	10	5	1	0%
Apr 1, 2026	0	0	11	4	1	0%
Mar 1, 2026	2	2	9	0	0	31%
Feb 1, 2026	2	2	9	0	0	31%
Jan 1, 2026	2	3	8	0	0	38%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

63°

Warm

Bearish Neutral Bullish

15 mentions 7 bullish 2 bearish 15 time periods

Reddit Sentiment History

Date	Mentions	Sentiment	Bullish	Bearish	Threads
May 22, 2026	1	60° Warm	1	0	1
May 22, 2026	1	60° Warm	1	0	1
May 2, 2026	1	40° Cool	0	1	1
May 2, 2026	1	40° Cool	0	1	1
Apr 27, 2026	1	50° Neutral	0	0	1
Apr 27, 2026	1	50° Neutral	0	0	1
Apr 22, 2026	1	60° Warm	1	0	1
Apr 22, 2026	1	60° Warm	1	0	1
Apr 7, 2026	1	50° Neutral	0	0	1
Apr 7, 2026	1	50° Neutral	0	0	1
Apr 6, 2026	1	60° Warm	1	0	1
Mar 20, 2026	1	44° Neutral	0	0	1
Mar 20, 2026	1	44° Neutral	0	0	1
Mar 19, 2026	1	60° Warm	1	0	1
Mar 19, 2026	1	60° Warm	1	0	1

Apr 28, 2026

earnings_calendar

TWO Q1 2026 Earnings After Market Close — 2026-04-28

Apr 21, 2026

short_volume

Short Volume: TWO — 55.6% short (0.5M / 0.9M)

Short: 473,501 | Exempt: 707 | TRF Vol: 851,783 | Short Ratio: 55.6% | Off-exchange volume (dark pool + OTC)

Apr 1, 2026

short_interest

FTD: TWO — 46,199 shares ($0.5M) failed to deliver

Settlement: 20260401, Price: $11.42, FTD Value: $527,592.58, TWO HBRS INVT CORP COM PAR $(M

Mar 27, 2026

short_interest

FTD: TWO — 68,839 shares ($0.8M) failed to deliver

Settlement: 20260327, Price: $11.40, FTD Value: $784,764.6, TWO HBRS INVT CORP COM PAR $(M

Mar 26, 2026

short_volume

Short Volume: TWO — 70.2% short (1.1M / 1.6M)

Short: 1,092,571 | Exempt: 1,893 | TRF Vol: 1,555,899 | Short Ratio: 70.2% | Off-exchange volume (dark pool + OTC)

Mar 24, 2026

short_volume

Short Volume: TWO — 60.7% short (0.8M / 1.3M)

Short: 799,782 | Exempt: 3,432 | TRF Vol: 1,318,121 | Short Ratio: 60.7% | Off-exchange volume (dark pool + OTC)

Mar 23, 2026

short_volume

Short Volume: TWO — 60.0% short (2.8M / 4.7M)

Short: 2,829,253 | Exempt: 8,959 | TRF Vol: 4,715,838 | Short Ratio: 60.0% | Off-exchange volume (dark pool + OTC)

Mar 20, 2026

short_interest

FTD: TWO — 168,124 shares ($1.8M) failed to deliver

Settlement: 20260320, Price: $10.77, FTD Value: $1,810,695.48, TWO HBRS INVT CORP COM PAR $(M

Mar 6, 2026

short_interest

FTD: TWO — 399,952 shares ($3.8M) failed to deliver

Settlement: 20260306, Price: $9.60, FTD Value: $3,839,539.2, TWO HBRS INVT CORP COM PAR $(M