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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 1.91
NYSE:TWO's Cash-to-Debt is ranked higher than
88% of the 511 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. NYSE:TWO: 1.91 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:TWO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.48  Med: No Debt Max: No Debt
Current: 1.91
Equity-to-Asset 0.17
NYSE:TWO's Equity-to-Asset is ranked lower than
93% of the 535 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.51 vs. NYSE:TWO: 0.17 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:TWO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16  Med: 0.21 Max: 0.7
Current: 0.17
0.16
0.7
Interest Coverage 2.17
NYSE:TWO's Interest Coverage is ranked lower than
70% of the 696 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.62 vs. NYSE:TWO: 2.17 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:TWO' s Interest Coverage Range Over the Past 10 Years
Min: 2.17  Med: 4.61 Max: No Debt
Current: 2.17
Piotroski F-Score: 4
Altman Z-Score: 1.23
Beneish M-Score: -1.30
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 76.04
NYSE:TWO's Operating Margin % is ranked higher than
78% of the 540 Companies
in the Global REIT - Residential industry.

( Industry Median: 45.95 vs. NYSE:TWO: 76.04 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:TWO' s Operating Margin % Range Over the Past 10 Years
Min: -356.93  Med: 72.98 Max: 88.14
Current: 76.04
-356.93
88.14
Net Margin % 55.77
NYSE:TWO's Net Margin % is ranked higher than
64% of the 541 Companies
in the Global REIT - Residential industry.

( Industry Median: 37.77 vs. NYSE:TWO: 55.77 )
Ranked among companies with meaningful Net Margin % only.
NYSE:TWO' s Net Margin % Range Over the Past 10 Years
Min: -319.71  Med: 63.2 Max: 104.22
Current: 55.77
-319.71
104.22
ROE % 10.24
NYSE:TWO's ROE % is ranked higher than
71% of the 546 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.34 vs. NYSE:TWO: 10.24 )
Ranked among companies with meaningful ROE % only.
NYSE:TWO' s ROE % Range Over the Past 10 Years
Min: -5.78  Med: 11.25 Max: 15.85
Current: 10.24
-5.78
15.85
ROA % 1.88
NYSE:TWO's ROA % is ranked lower than
68% of the 549 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.25 vs. NYSE:TWO: 1.88 )
Ranked among companies with meaningful ROA % only.
NYSE:TWO' s ROA % Range Over the Past 10 Years
Min: -2.18  Med: 2.19 Max: 3.41
Current: 1.88
-2.18
3.41
ROC (Joel Greenblatt) % 14.12
NYSE:TWO's ROC (Joel Greenblatt) % is ranked higher than
52% of the 461 Companies
in the Global REIT - Residential industry.

( Industry Median: 10.72 vs. NYSE:TWO: 14.12 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:TWO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.65  Med: 12.75 Max: 81048.02
Current: 14.12
-17.65
81048.02
3-Year Revenue Growth Rate 4.80
NYSE:TWO's 3-Year Revenue Growth Rate is ranked higher than
63% of the 479 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.60 vs. NYSE:TWO: 4.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:TWO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -4.1 Max: 150.8
Current: 4.8
0
150.8
3-Year EBITDA Growth Rate -8.00
NYSE:TWO's 3-Year EBITDA Growth Rate is ranked lower than
77% of the 431 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.30 vs. NYSE:TWO: -8.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:TWO' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -28.4  Med: 7.1 Max: 123
Current: -8
-28.4
123
3-Year EPS without NRI Growth Rate -14.90
NYSE:TWO's 3-Year EPS without NRI Growth Rate is ranked lower than
78% of the 366 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.00 vs. NYSE:TWO: -14.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:TWO' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -29.1  Med: 2.7 Max: 198.8
Current: -14.9
-29.1
198.8
GuruFocus has detected 8 Warning Signs with Two Harbors Investment Corp $NYSE:TWO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:TWO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

TWO Guru Trades in Q1 2016

Paul Tudor Jones 152,361 sh (New)
Jim Simons 2,578,916 sh (+69.91%)
David Dreman 3,655 sh (+2.70%)
Ray Dalio Sold Out
» More
Q2 2016

TWO Guru Trades in Q2 2016

Louis Moore Bacon 150,000 sh (New)
Paul Tudor Jones 171,569 sh (+12.61%)
Jim Simons 1,742,600 sh (-32.43%)
David Dreman 345 sh (-90.56%)
» More
Q3 2016

TWO Guru Trades in Q3 2016

Ken Fisher 10,368 sh (New)
Louis Moore Bacon 185,000 sh (+23.33%)
David Dreman 345 sh (unchged)
Jim Simons 1,735,900 sh (-0.38%)
Paul Tudor Jones 132,046 sh (-23.04%)
» More
Q4 2016

TWO Guru Trades in Q4 2016

David Dreman 52,004 sh (+14973.62%)
Jim Simons 2,460,300 sh (+41.73%)
Ken Fisher Sold Out
Paul Tudor Jones 68,317 sh (-48.26%)
» More
» Details

Insider Trades

Latest Guru Trades with TWO

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Business Description

Industry: REITs » REIT - Residential    NAICS: 531110    SIC: 6798
Compare:OTCPK:CDPYF, NYSE:EDR, OTCPK:BOWFF, NYSE:NRZ, NYSE:AMH, NYSE:CMO, NYSE:ARR, NYSE:IRET, NAS:NYMT, AMEX:IRT, NYSE:UMH, OTCPK:MNARF, NYSE:APTS, NYSE:DX, NYSE:SUI, AMEX:BRG, OTCPK:FREVS, NYSE:BRT, NAS:RVEN, NAS:AGNC » details
Traded in other countries:2H2.Germany,
Two Harbors Investment Corp is a REIT. It invests in, finances and manages residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights, commercial real estate debt and related assets and other financial assets.

Two Harbors Investment Corp. is a Maryland corporation incorporated on May 21, 2009 and commenced operations as a publicly traded company on October 28, 2009. The Company is engaged in investing in, financing and managing residential mortgage-backed securities, or RMBS, residential mortgage loans, mortgage servicing rights, or MSR, and other financial assets. The Company deploys moderate leverage as part of its investment strategy through short-term borrowings structured as repurchase agreements. The Company's assets include, agency RMBS, meaning RMBS whose principal and interest payments are guaranteed by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac); Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; MSR; Prime nonconforming residential mortgage loans and credit sensitive residential mortgage loans, or CSL; and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P., or Pine River, a multi-strategy asset management firm. It competes with other REITs, specialty finance companies, savings and loan associations, banks, mortgage bankers, insurance companies, mutual funds, institutional investors, investment banking firms, financial institutions, governmental agencies, mortgage loan servicers and other entities. The Company's business is subject to extensive regulation by U.S. federal and state governmental authorities, self-regulatory organizations and securities exchanges.

Ratios

vs
industry
vs
history
PE Ratio 9.11
TWO's PE Ratio is ranked higher than
79% of the 485 Companies
in the Global REIT - Residential industry.

( Industry Median: 53.83 vs. TWO: 9.11 )
Ranked among companies with meaningful PE Ratio only.
TWO' s PE Ratio Range Over the Past 10 Years
Min: 3.9  Med: 8.97 Max: 442.5
Current: 9.11
3.9
442.5
Forward PE Ratio 9.49
TWO's Forward PE Ratio is ranked higher than
93% of the 243 Companies
in the Global REIT - Residential industry.

( Industry Median: 18.32 vs. TWO: 9.49 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 9.11
TWO's PE Ratio without NRI is ranked higher than
79% of the 485 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.55 vs. TWO: 9.11 )
Ranked among companies with meaningful PE Ratio without NRI only.
TWO' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.94  Med: 9.01 Max: 442.5
Current: 9.11
3.94
442.5
PB Ratio 0.95
TWO's PB Ratio is ranked higher than
68% of the 539 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.18 vs. TWO: 0.95 )
Ranked among companies with meaningful PB Ratio only.
TWO' s PB Ratio Range Over the Past 10 Years
Min: 0.56  Med: 0.94 Max: 1.66
Current: 0.95
0.56
1.66
PS Ratio 5.10
TWO's PS Ratio is ranked higher than
73% of the 535 Companies
in the Global REIT - Residential industry.

( Industry Median: 7.42 vs. TWO: 5.10 )
Ranked among companies with meaningful PS Ratio only.
TWO' s PS Ratio Range Over the Past 10 Years
Min: 3.81  Med: 5.68 Max: 76.97
Current: 5.1
3.81
76.97
Current Ratio 62.55
TWO's Current Ratio is ranked higher than
99% of the 505 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.87 vs. TWO: 62.55 )
Ranked among companies with meaningful Current Ratio only.
TWO' s Current Ratio Range Over the Past 10 Years
Min: 1.14  Med: 22.42 Max: 96.4
Current: 62.55
1.14
96.4
Quick Ratio 62.55
TWO's Quick Ratio is ranked higher than
99% of the 505 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.78 vs. TWO: 62.55 )
Ranked among companies with meaningful Quick Ratio only.
TWO' s Quick Ratio Range Over the Past 10 Years
Min: 1.14  Med: 22.42 Max: 96.4
Current: 62.55
1.14
96.4
Days Sales Outstanding 70.94
TWO's Days Sales Outstanding is ranked lower than
84% of the 384 Companies
in the Global REIT - Residential industry.

( Industry Median: 18.63 vs. TWO: 70.94 )
Ranked among companies with meaningful Days Sales Outstanding only.
TWO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.73  Med: 63.97 Max: 344.31
Current: 70.94
40.73
344.31

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 10.01
TWO's Dividend Yield % is ranked higher than
93% of the 906 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.79 vs. TWO: 10.01 )
Ranked among companies with meaningful Dividend Yield % only.
TWO' s Dividend Yield % Range Over the Past 10 Years
Min: 2.84  Med: 12.69 Max: 19.61
Current: 10.01
2.84
19.61
Dividend Payout Ratio 1.56
TWO's Dividend Payout Ratio is ranked lower than
82% of the 707 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.29 vs. TWO: 1.56 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TWO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.71  Med: 0.93 Max: 2.26
Current: 1.56
0.71
2.26
3-Year Dividend Growth Rate -7.40
TWO's 3-Year Dividend Growth Rate is ranked lower than
84% of the 378 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.20 vs. TWO: -7.40 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TWO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -13.4 Max: 87.4
Current: -7.4
0
87.4
Forward Dividend Yield % 10.32
TWO's Forward Dividend Yield % is ranked higher than
92% of the 906 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.36 vs. TWO: 10.32 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.40
TWO's 5-Year Yield-on-Cost % is ranked lower than
62% of the 905 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.07 vs. TWO: 5.40 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TWO' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.53  Med: 6.85 Max: 10.59
Current: 5.4
1.53
10.59
3-Year Average Share Buyback Ratio 1.60
TWO's 3-Year Average Share Buyback Ratio is ranked higher than
96% of the 407 Companies
in the Global REIT - Residential industry.

( Industry Median: -5.80 vs. TWO: 1.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TWO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -181.6  Med: -37.6 Max: 1.6
Current: 1.6
-181.6
1.6

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 4.84
TWO's Price-to-Net-Current-Asset-Value is ranked higher than
53% of the 38 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.03 vs. TWO: 4.84 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
TWO' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.03  Med: 1.2 Max: 4.85
Current: 4.84
1.03
4.85
Price-to-Tangible-Book 1.19
TWO's Price-to-Tangible-Book is ranked higher than
51% of the 531 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.21 vs. TWO: 1.19 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TWO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88  Med: 0.98 Max: 1.51
Current: 1.19
0.88
1.51
Price-to-Median-PS-Value 0.90
TWO's Price-to-Median-PS-Value is ranked higher than
81% of the 420 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.13 vs. TWO: 0.90 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TWO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.67  Med: 0.94 Max: 13.41
Current: 0.9
0.67
13.41
Price-to-Graham-Number 0.69
TWO's Price-to-Graham-Number is ranked higher than
74% of the 448 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. TWO: 0.69 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TWO' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47  Med: 0.59 Max: 3.06
Current: 0.69
0.47
3.06
Earnings Yield (Greenblatt) % -18.38
TWO's Earnings Yield (Greenblatt) % is ranked lower than
98% of the 539 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.60 vs. TWO: -18.38 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TWO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -18.42  Med: 1.5 Max: 12001.1
Current: -18.38
-18.42
12001.1
Forward Rate of Return (Yacktman) % -24.15
TWO's Forward Rate of Return (Yacktman) % is ranked lower than
92% of the 376 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.44 vs. TWO: -24.15 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TWO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -29.1  Med: -17.7 Max: 10.4
Current: -24.15
-29.1
10.4

More Statistics

Revenue (TTM) (Mil) $633.5
EPS (TTM) $ 1.02
Beta0.70
Short Percentage of Float1.15%
52-Week Range $7.45 - 9.34
Shares Outstanding (Mil)347.65

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 0.98 1.00
EPS without NRI ($) 0.98 1.00
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.94 0.96
» More Articles for NYSE:TWO

Headlines

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