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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 : 6/10

vs
industry
vs
history
Cash to Debt 16.96
TWO's Cash to Debt is ranked higher than
94% of the 810 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.05 vs. TWO: 16.96 )
TWO' s 10-Year Cash to Debt Range
Min: 0.18   Max: No Debt
Current: 16.96

Equity to Asset 0.22
TWO's Equity to Asset is ranked lower than
51% of the 824 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.48 vs. TWO: 0.22 )
TWO' s 10-Year Equity to Asset Range
Min: 0.15   Max: 0.7
Current: 0.22

0.15
0.7
Interest Coverage 4.65
TWO's Interest Coverage is ranked higher than
82% of the 689 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.61 vs. TWO: 4.65 )
TWO' s 10-Year Interest Coverage Range
Min: 4.65   Max: 9999.99
Current: 4.65

4.65
9999.99
F-Score: 2
Z-Score: 1.48
M-Score: -2.68
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 : 8/10

vs
industry
vs
history
Operating margin (%) 75.84
TWO's Operating margin (%) is ranked higher than
90% of the 840 Companies
in the Global REIT - Residential industry.

( Industry Median: 41.50 vs. TWO: 75.84 )
TWO' s 10-Year Operating margin (%) Range
Min: -356.93   Max: 86.42
Current: 75.84

-356.93
86.42
Net-margin (%) 79.42
TWO's Net-margin (%) is ranked higher than
90% of the 841 Companies
in the Global REIT - Residential industry.

( Industry Median: 33.29 vs. TWO: 79.42 )
TWO' s 10-Year Net-margin (%) Range
Min: -319.71   Max: 104.22
Current: 79.42

-319.71
104.22
ROE (%) 11.24
TWO's ROE (%) is ranked higher than
86% of the 850 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.61 vs. TWO: 11.24 )
TWO' s 10-Year ROE (%) Range
Min: -5.72   Max: 15.85
Current: 11.24

-5.72
15.85
ROA (%) 2.50
TWO's ROA (%) is ranked higher than
69% of the 855 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.95 vs. TWO: 2.50 )
TWO' s 10-Year ROA (%) Range
Min: -2.18   Max: 3.41
Current: 2.5

-2.18
3.41
ROC (Joel Greenblatt) (%) 30.53
TWO's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 762 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.20 vs. TWO: 30.53 )
TWO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 47.48   Max: 47.48
Current: 30.53

Revenue Growth (3Y)(%) -0.40
TWO's Revenue Growth (3Y)(%) is ranked higher than
74% of the 660 Companies
in the Global REIT - Residential industry.

( Industry Median: -0.70 vs. TWO: -0.40 )
TWO' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 150.2
Current: -0.4

0
150.2
EPS Growth (3Y)(%) 0.80
TWO's EPS Growth (3Y)(%) is ranked higher than
75% of the 477 Companies
in the Global REIT - Residential industry.

( Industry Median: -2.60 vs. TWO: 0.80 )
TWO' s 10-Year EPS Growth (3Y)(%) Range
Min: 0.8   Max: 198.8
Current: 0.8

0.8
198.8
» TWO's 10-Y Financials

Financials


» Details

Guru Trades

Q4 2013

TWO Guru Trades in Q4 2013

Steven Cohen 20,718 sh (+9.13%)
Leon Cooperman 100,000 sh (unchged)
Jeremy Grantham Sold Out
» More
Q1 2014

TWO Guru Trades in Q1 2014

David Dreman 13,146 sh (New)
Jim Simons 1,689,845 sh (New)
Paul Tudor Jones 46,392 sh (New)
Leon Cooperman 100,000 sh (unchged)
Steven Cohen 20,528 sh (-0.92%)
» More
Q2 2014

TWO Guru Trades in Q2 2014

Jim Simons 3,678,200 sh (+117.66%)
Paul Tudor Jones 88,345 sh (+90.43%)
David Dreman 14,071 sh (+7.04%)
Leon Cooperman 100,000 sh (unchged)
» More
Q3 2014

TWO Guru Trades in Q3 2014

David Dreman 14,539 sh (+3.33%)
Leon Cooperman 100,000 sh (unchged)
Jim Simons 3,590,400 sh (-2.39%)
Paul Tudor Jones 40,109 sh (-54.6%)
» More
» Details

Insider Trades

Latest Guru Trades with TWO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2014-03-31 New Buy0.01%$9.22 - $10.63 $ 10.414%13146
Whitney Tilson 2013-09-30 Sold Out 0.43%$9.06 - $10.27 $ 10.416%0
Ray Dalio 2013-09-30 Sold Out $9.06 - $10.27 $ 10.416%0
David Tepper 2013-06-30 Sold Out 0.65%$10.25 - $12.45 $ 10.41-9%0
Whitney Tilson 2013-06-30 New Buy0.43%$10.25 - $12.45 $ 10.41-9%43645
Ray Dalio 2013-06-30 New Buy$10.25 - $12.45 $ 10.41-9%50142
George Soros 2013-03-31 Sold Out 0.03%$10.311 - $12.982 $ 10.41-12%0
George Soros 2012-12-31 New Buy0.03%$10.15 - $12.11 $ 10.41-10%226050
Whitney Tilson 2012-06-30 Sold Out 0.05%$9.96 - $10.72 $ 10.411%0
Leon Cooperman 2012-06-30 New Buy0.02%$9.96 - $10.72 $ 10.411%100000
David Tepper 2012-03-31 New Buy0.75%$9.06 - $10.59 $ 10.4111%3000000
Whitney Tilson 2012-03-31 Reduce -55.26%0.09%$9.06 - $10.59 $ 10.4111%16195
Whitney Tilson 2011-09-30 Reduce -93.1%1.49%$8.75 - $11.01 $ 10.417%36195
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 8.60
TWO's P/E(ttm) is ranked higher than
92% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 27.30 vs. TWO: 8.60 )
TWO' s 10-Year P/E(ttm) Range
Min: 4.08   Max: 69.04
Current: 8.6

4.08
69.04
P/B 0.93
TWO's P/B is ranked higher than
85% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.28 vs. TWO: 0.93 )
TWO' s 10-Year P/B Range
Min: 0.56   Max: 1.15
Current: 0.93

0.56
1.15
P/S 6.80
TWO's P/S is ranked higher than
75% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 8.01 vs. TWO: 6.80 )
TWO' s 10-Year P/S Range
Min: 4.58   Max: 57.23
Current: 6.8

4.58
57.23
EV-to-EBIT -26.37
TWO's EV-to-EBIT is ranked higher than
53% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 32.78 vs. TWO: -26.37 )
TWO' s 10-Year EV-to-EBIT Range
Min: -92.7   Max: 1460
Current: -26.37

-92.7
1460
Shiller P/E 10.64
TWO's Shiller P/E is ranked higher than
96% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. TWO: 10.64 )
TWO' s 10-Year Shiller P/E Range
Min: 9.9   Max: 12.52
Current: 10.64

9.9
12.52
Current Ratio 64.50
TWO's Current Ratio is ranked higher than
99% of the 771 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.85 vs. TWO: 64.50 )
TWO' s 10-Year Current Ratio Range
Min: 0.15   Max: 64.5
Current: 64.5

0.15
64.5
Quick Ratio 64.50
TWO's Quick Ratio is ranked higher than
99% of the 771 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.77 vs. TWO: 64.50 )
TWO' s 10-Year Quick Ratio Range
Min: 0.15   Max: 64.5
Current: 64.5

0.15
64.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 9.99
TWO's Dividend Yield is ranked higher than
93% of the 829 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.40 vs. TWO: 9.99 )
TWO' s 10-Year Dividend Yield Range
Min: 2.84   Max: 19.61
Current: 9.99

2.84
19.61
Dividend Payout 0.86
TWO's Dividend Payout is ranked higher than
76% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.31 vs. TWO: 0.86 )
TWO' s 10-Year Dividend Payout Range
Min: 0.29   Max: 3.64
Current: 0.86

0.29
3.64
Dividend growth (3y) -7.50
TWO's Dividend growth (3y) is ranked higher than
60% of the 517 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.90 vs. TWO: -7.50 )
TWO' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 87.4
Current: -7.5

0
87.4
Yield on cost (5-Year) 48.92
TWO's Yield on cost (5-Year) is ranked higher than
98% of the 832 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.80 vs. TWO: 48.92 )
TWO' s 10-Year Yield on cost (5-Year) Range
Min: 13.76   Max: 94.99
Current: 48.92

13.76
94.99
Share Buyback Rate -150.30
TWO's Share Buyback Rate is ranked higher than
50% of the 621 Companies
in the Global REIT - Residential industry.

( Industry Median: -6.20 vs. TWO: -150.30 )
TWO' s 10-Year Share Buyback Rate Range
Min: -24.5   Max: -150.3
Current: -150.3

Valuation & Return

vs
industry
vs
history
Price/Net Cash 4.34
TWO's Price/Net Cash is ranked higher than
99% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. TWO: 4.34 )
TWO' s 10-Year Price/Net Cash Range
Min: 1.17   Max: 4.1
Current: 4.34

1.17
4.1
Price/Net Current Asset Value 4.07
TWO's Price/Net Current Asset Value is ranked higher than
99% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. TWO: 4.07 )
TWO' s 10-Year Price/Net Current Asset Value Range
Min: 1.15   Max: 3.84
Current: 4.07

1.15
3.84
Price/Tangible Book 1.05
TWO's Price/Tangible Book is ranked higher than
82% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.35 vs. TWO: 1.05 )
TWO' s 10-Year Price/Tangible Book Range
Min: 0.58   Max: 1.66
Current: 1.05

0.58
1.66
Price/DCF (Projected) 1.31
TWO's Price/DCF (Projected) is ranked higher than
91% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. TWO: 1.31 )
TWO' s 10-Year Price/DCF (Projected) Range
Min: 1.1   Max: 1.38
Current: 1.31

1.1
1.38
Price/Median PS Value 1.11
TWO's Price/Median PS Value is ranked higher than
76% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.22 vs. TWO: 1.11 )
TWO' s 10-Year Price/Median PS Value Range
Min: 0.75   Max: 9.31
Current: 1.11

0.75
9.31
Price/Graham Number 0.64
TWO's Price/Graham Number is ranked higher than
91% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.49 vs. TWO: 0.64 )
TWO' s 10-Year Price/Graham Number Range
Min: 0.44   Max: 4.96
Current: 0.64

0.44
4.96
Earnings Yield (Greenblatt) -3.80
TWO's Earnings Yield (Greenblatt) is ranked lower than
54% of the 830 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.40 vs. TWO: -3.80 )
TWO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 147.4
Current: -3.8

0.1
147.4

Business Description

Industry: REITs » REIT - Residential
Compare: » details
Traded in other countries:2H2.Germany,
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 global 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.
» More Articles for TWO

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Pine River’s Two Harbors Now Targets Non-Prime Mortgages Nov 05 2014
TWO HARBORS INVESTMENT CORP. Files SEC form 10-Q, Quarterly Report Nov 05 2014
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