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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 2.02
NYSE:TWO's Cash to Debt is ranked higher than
89% of the 666 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. NYSE:TWO: 2.02 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:TWO' s Cash to Debt Range Over the Past 10 Years
Min: 0.18  Med: No Debt Max: No Debt
Current: 2.02
Equity to Asset 0.16
NYSE:TWO's Equity to Asset is ranked lower than
94% of the 691 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.52 vs. NYSE:TWO: 0.16 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:TWO' s Equity to Asset Range Over the Past 10 Years
Min: 0.15  Med: 0.21 Max: 0.7
Current: 0.16
0.15
0.7
Interest Coverage 1.53
NYSE:TWO's Interest Coverage is ranked lower than
80% of the 660 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.50 vs. NYSE:TWO: 1.53 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:TWO' s Interest Coverage Range Over the Past 10 Years
Min: 1.53  Med: 5.99 Max: No Debt
Current: 1.53
F-Score: 4
Z-Score: 1.37
M-Score: -1.89
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 (%) 49.91
NYSE:TWO's Operating margin (%) is ranked higher than
51% of the 695 Companies
in the Global REIT - Residential industry.

( Industry Median: 48.88 vs. NYSE:TWO: 49.91 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:TWO' s Operating margin (%) Range Over the Past 10 Years
Min: -356.93  Med: 69.64 Max: 88.14
Current: 49.91
-356.93
88.14
Net-margin (%) 37.85
NYSE:TWO's Net-margin (%) is ranked lower than
52% of the 696 Companies
in the Global REIT - Residential industry.

( Industry Median: 39.78 vs. NYSE:TWO: 37.85 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:TWO' s Net-margin (%) Range Over the Past 10 Years
Min: -319.71  Med: 63.68 Max: 104.22
Current: 37.85
-319.71
104.22
ROE (%) 6.32
NYSE:TWO's ROE (%) is ranked lower than
52% of the 701 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.49 vs. NYSE:TWO: 6.32 )
Ranked among companies with meaningful ROE (%) only.
NYSE:TWO' s ROE (%) Range Over the Past 10 Years
Min: -5.78  Med: 12.37 Max: 15.85
Current: 6.32
-5.78
15.85
ROA (%) 1.22
NYSE:TWO's ROA (%) is ranked lower than
76% of the 705 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.32 vs. NYSE:TWO: 1.22 )
Ranked among companies with meaningful ROA (%) only.
NYSE:TWO' s ROA (%) Range Over the Past 10 Years
Min: -2.18  Med: 2.34 Max: 3.41
Current: 1.22
-2.18
3.41
ROC (Joel Greenblatt) (%) 9.40
NYSE:TWO's ROC (Joel Greenblatt) (%) is ranked lower than
53% of the 577 Companies
in the Global REIT - Residential industry.

( Industry Median: 12.47 vs. NYSE:TWO: 9.40 )
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: 10.47 Max: 81048.02
Current: 9.4
-17.65
81048.02
Revenue Growth (3Y)(%) -4.20
NYSE:TWO's Revenue Growth (3Y)(%) is ranked lower than
75% of the 479 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.50 vs. NYSE:TWO: -4.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:TWO' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -4.15 Max: 150.8
Current: -4.2
0
150.8
EBITDA Growth (3Y)(%) 8.80
NYSE:TWO's EBITDA Growth (3Y)(%) is ranked higher than
62% of the 437 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.70 vs. NYSE:TWO: 8.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:TWO' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -28.4  Med: 7.95 Max: 123
Current: 8.8
-28.4
123
EPS Growth (3Y)(%) 4.60
NYSE:TWO's EPS Growth (3Y)(%) is ranked lower than
52% of the 362 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.30 vs. NYSE:TWO: 4.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NYSE:TWO' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -29.1  Med: 4.6 Max: 198.8
Current: 4.6
-29.1
198.8
» NYSE:TWO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

TWO Guru Trades in Q4 2015

Jim Simons 1,517,800 sh (New)
Leon Cooperman Sold Out
Ray Dalio 10,442 sh (-22.32%)
David Dreman 3,559 sh (-76.63%)
» More
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
» Details

Insider Trades

Latest Guru Trades with TWO

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Business Description

Industry: REITs » REIT - Residential    NAICS: 531110    SIC: 6798
Compare:NYSE:EDR, NYSE:PPS, NYSE:NRZ, NYSE:MORE, OTCPK:BOWFF, OTCPK:MSTUF, NYSE:CMO, NYSE:AMH, NYSE:ARR, NYSE:IRET, NAS:NYMT, NYSE:RESI, NYSE:SUI, NYSE:SBY, AMEX:IRT, OTCPK:KMMPF, NYSE:UMH, NYSE:DX, AMEX:BRG, OTCPK:PMULF » 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
P/E(ttm) 14.69
TWO's P/E(ttm) is ranked higher than
55% of the 601 Companies
in the Global REIT - Residential industry.

( Industry Median: 15.40 vs. TWO: 14.69 )
Ranked among companies with meaningful P/E(ttm) only.
TWO' s P/E(ttm) Range Over the Past 10 Years
Min: 3.9  Med: 9.07 Max: 442.5
Current: 14.69
3.9
442.5
Forward P/E 9.53
TWO's Forward P/E is ranked higher than
89% of the 187 Companies
in the Global REIT - Residential industry.

( Industry Median: 16.78 vs. TWO: 9.53 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.69
TWO's PE(NRI) is ranked higher than
56% of the 603 Companies
in the Global REIT - Residential industry.

( Industry Median: 15.50 vs. TWO: 14.69 )
Ranked among companies with meaningful PE(NRI) only.
TWO' s PE(NRI) Range Over the Past 10 Years
Min: 3.94  Med: 9.11 Max: 442.5
Current: 14.69
3.94
442.5
P/B 0.85
TWO's P/B is ranked higher than
75% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.11 vs. TWO: 0.85 )
Ranked among companies with meaningful P/B only.
TWO' s P/B Range Over the Past 10 Years
Min: 0.56  Med: 0.94 Max: 1.66
Current: 0.85
0.56
1.66
P/S 5.47
TWO's P/S is ranked higher than
70% of the 669 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.92 vs. TWO: 5.47 )
Ranked among companies with meaningful P/S only.
TWO' s P/S Range Over the Past 10 Years
Min: 3.81  Med: 5.85 Max: 76.97
Current: 5.47
3.81
76.97
Current Ratio 86.40
TWO's Current Ratio is ranked higher than
99% of the 658 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. TWO: 86.40 )
Ranked among companies with meaningful Current Ratio only.
TWO' s Current Ratio Range Over the Past 10 Years
Min: 0.15  Med: 5.47 Max: 96.4
Current: 86.4
0.15
96.4
Quick Ratio 86.40
TWO's Quick Ratio is ranked higher than
99% of the 658 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.92 vs. TWO: 86.40 )
Ranked among companies with meaningful Quick Ratio only.
TWO' s Quick Ratio Range Over the Past 10 Years
Min: 0.15  Med: 5.47 Max: 96.4
Current: 86.4
0.15
96.4
Days Sales Outstanding 76.47
TWO's Days Sales Outstanding is ranked lower than
87% of the 487 Companies
in the Global REIT - Residential industry.

( Industry Median: 19.15 vs. TWO: 76.47 )
Ranked among companies with meaningful Days Sales Outstanding only.
TWO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.73  Med: 56.75 Max: 344.31
Current: 76.47
40.73
344.31

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 10.44
TWO's Dividend Yield is ranked higher than
95% of the 890 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.41 vs. TWO: 10.44 )
Ranked among companies with meaningful Dividend Yield only.
TWO' s Dividend Yield Range Over the Past 10 Years
Min: 2.84  Med: 12.84 Max: 19.61
Current: 10.44
2.84
19.61
Dividend Payout 1.56
TWO's Dividend Payout is ranked lower than
82% of the 689 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.16 vs. TWO: 1.56 )
Ranked among companies with meaningful Dividend Payout only.
TWO' s Dividend Payout Range Over the Past 10 Years
Min: 0.29  Med: 0.86 Max: 3.64
Current: 1.56
0.29
3.64
Dividend Growth (3y) -15.30
TWO's Dividend Growth (3y) is ranked lower than
88% of the 368 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.80 vs. TWO: -15.30 )
Ranked among companies with meaningful Dividend Growth (3y) only.
TWO' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: -14.35 Max: 87.4
Current: -15.3
0
87.4
Forward Dividend Yield 10.15
TWO's Forward Dividend Yield is ranked higher than
92% of the 888 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.54 vs. TWO: 10.15 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 6.37
TWO's Yield on cost (5-Year) is ranked higher than
57% of the 890 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.36 vs. TWO: 6.37 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TWO' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 1.73  Med: 7.84 Max: 11.97
Current: 6.37
1.73
11.97
3-Year Average Share Buyback Ratio -5.80
TWO's 3-Year Average Share Buyback Ratio is ranked higher than
53% of the 410 Companies
in the Global REIT - Residential industry.

( Industry Median: -6.30 vs. TWO: -5.80 )
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: -50 Max: -5.8
Current: -5.8
-181.6
-5.8

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 2.29
TWO's Price/Net Current Asset Value is ranked higher than
67% of the 52 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.96 vs. TWO: 2.29 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
TWO' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 1.01  Med: 1.27 Max: 2.3
Current: 2.29
1.01
2.3
Price/Tangible Book 1.05
TWO's Price/Tangible Book is ranked higher than
65% of the 682 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.12 vs. TWO: 1.05 )
Ranked among companies with meaningful Price/Tangible Book only.
TWO' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.58  Med: 0.98 Max: 1.66
Current: 1.05
0.58
1.66
Price/Median PS Value 0.93
TWO's Price/Median PS Value is ranked higher than
78% of the 501 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.03 vs. TWO: 0.93 )
Ranked among companies with meaningful Price/Median PS Value only.
TWO' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.65  Med: 0.97 Max: 13.03
Current: 0.93
0.65
13.03
Price/Graham Number 0.83
TWO's Price/Graham Number is ranked higher than
59% of the 528 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.90 vs. TWO: 0.83 )
Ranked among companies with meaningful Price/Graham Number only.
TWO' s Price/Graham Number Range Over the Past 10 Years
Min: 0.38  Med: 0.63 Max: 4.52
Current: 0.83
0.38
4.52
Earnings Yield (Greenblatt) (%) -9.00
TWO's Earnings Yield (Greenblatt) (%) is ranked lower than
97% of the 669 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.70 vs. TWO: -9.00 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TWO' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -9.02  Med: 1.5 Max: 12001.1
Current: -9
-9.02
12001.1
Forward Rate of Return (Yacktman) (%) -8.57
TWO's Forward Rate of Return (Yacktman) (%) is ranked lower than
73% of the 372 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.01 vs. TWO: -8.57 )
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: -8.9  Med: -5.2 Max: 10.4
Current: -8.57
-8.9
10.4

More Statistics

Revenue (TTM) (Mil) $588.0
EPS (TTM) $ 0.62
Beta0.57
Short Percentage of Float0.76%
52-Week Range $6.91 - 9.18
Shares Outstanding (Mil)347.64

Analyst Estimate

Dec16 Dec17
Revenue (Mil $)
EPS ($) 0.91 0.95
EPS w/o NRI ($) 0.91 0.95
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 0.92 0.92
» More Articles for NYSE:TWO

Headlines

Articles On GuruFocus.com
Weekly 3-Year Low Highlights: Ventas, Calpine, Targa Resources, Two Harbors Investment Nov 10 2015 
Valuation Update on Mortgage REITs and BDCs Jan 06 2015 
Mortgage REITs: Dividends Stable, Stocks Trading Below Book Value Oct 10 2014 
Humble Beginnings, Leon Cooperman’s Top-Yield Stocks in Review Dec 16 2013 
Bargain Hunting with Guru Leon Cooperman, Lowest PE Stocks Oct 27 2013 
Leon Cooperman’s Top Yields Are REITs Oct 14 2013 
Top 5 Insider Buys of the Week May 31 2013 
My Three Favorite High-Yield Stocks With Low Beta Ratios Mar 30 2013 
My 3 Favorite Stocks with Unbelievably High Dividends and Low P/Es Mar 18 2013 
Weekly CEO Buys Highlight: TRNO, WTSLA, TWO, MTGE, NTWK Feb 24 2013 

More From Other Websites
ETFs with exposure to Two Harbors Investment Corp. : December 9, 2016 Dec 09 2016
TWO HARBORS INVESTMENT CORP. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and... Dec 06 2016
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Two Harbors Investment Corp (TWO) Getting More Love From Hedge Funds Nov 29 2016
TWO HARBORS INVESTMENT CORP. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and... Nov 29 2016
Two Harbors Investment Corp. breached its 50 day moving average in a Bullish Manner : TWO-US :... Nov 23 2016
ETFs with exposure to Two Harbors Investment Corp. : November 18, 2016 Nov 18 2016
TWO HARBORS INVESTMENT CORP. Financials Nov 09 2016
ETF’s with exposure to Two Harbors Investment Corp. : November 8, 2016 Nov 08 2016
Two Harbors Investment Corp. :TWO-US: Earnings Analysis: Q3, 2016 By the Numbers : November 7, 2016 Nov 07 2016
Two Harbors Investment upgraded by Wells Fargo Nov 04 2016
Edited Transcript of TWO earnings conference call or presentation 3-Nov-16 1:00pm GMT Nov 03 2016
TWO HARBORS INVESTMENT CORP. Files SEC form 10-Q, Quarterly Report Nov 03 2016
Two Harbors Investment Corp Earnings Call scheduled for 9:00 am ET today Nov 03 2016
Two Harbors Investment Corp. Reports Third Quarter 2016 Financial Results Nov 02 2016
TWO HARBORS INVESTMENT CORP. Files SEC form 8-K, Results of Operations and Financial Condition,... Nov 02 2016
Two Harbors Investment Corp. Reports Third Quarter 2016 Financial Results Nov 02 2016
Q3 2016 Two Harbors Investment Corp Earnings Release - After Market Close Nov 02 2016

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