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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 : 7/10

vs
industry
vs
history
Cash to Debt 12.40
TWO's Cash to Debt is ranked higher than
91% of the 565 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. TWO: 12.40 )
Ranked among companies with meaningful Cash to Debt only.
TWO' s 10-Year Cash to Debt Range
Min: 0.18  Med: 10000.00 Max: No Debt
Current: 12.4
Equity to Asset 0.19
TWO's Equity to Asset is ranked lower than
90% of the 590 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.47 vs. TWO: 0.19 )
Ranked among companies with meaningful Equity to Asset only.
TWO' s 10-Year Equity to Asset Range
Min: 0.15  Med: 0.21 Max: 0.7
Current: 0.19
0.15
0.7
Interest Coverage 3.11
TWO's Interest Coverage is ranked higher than
54% of the 467 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.79 vs. TWO: 3.11 )
Ranked among companies with meaningful Interest Coverage only.
TWO' s 10-Year Interest Coverage Range
Min: 3.11  Med: 7.36 Max: 9999.99
Current: 3.11
3.11
9999.99
F-Score: 2
Z-Score: 1.26
M-Score: 15.23
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 : 7/10

vs
industry
vs
history
Operating margin (%) 58.57
TWO's Operating margin (%) is ranked higher than
63% of the 603 Companies
in the Global REIT - Residential industry.

( Industry Median: 44.68 vs. TWO: 58.57 )
Ranked among companies with meaningful Operating margin (%) only.
TWO' s 10-Year Operating margin (%) Range
Min: -356.93  Med: 76.16 Max: 86.42
Current: 58.57
-356.93
86.42
Net-margin (%) 48.38
TWO's Net-margin (%) is ranked higher than
61% of the 603 Companies
in the Global REIT - Residential industry.

( Industry Median: 35.44 vs. TWO: 48.38 )
Ranked among companies with meaningful Net-margin (%) only.
TWO' s 10-Year Net-margin (%) Range
Min: -319.71  Med: 63.20 Max: 104.22
Current: 48.38
-319.71
104.22
ROE (%) 7.20
TWO's ROE (%) is ranked higher than
53% of the 603 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.70 vs. TWO: 7.20 )
Ranked among companies with meaningful ROE (%) only.
TWO' s 10-Year ROE (%) Range
Min: -5.78  Med: 12.37 Max: 15.85
Current: 7.2
-5.78
15.85
ROA (%) 1.50
TWO's ROA (%) is ranked lower than
71% of the 613 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.12 vs. TWO: 1.50 )
Ranked among companies with meaningful ROA (%) only.
TWO' s 10-Year ROA (%) Range
Min: -2.18  Med: 2.34 Max: 3.41
Current: 1.5
-2.18
3.41
ROC (Joel Greenblatt) (%) 25.47
TWO's ROC (Joel Greenblatt) (%) is ranked higher than
57% of the 527 Companies
in the Global REIT - Residential industry.

( Industry Median: 9.00 vs. TWO: 25.47 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TWO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -7.53  Med: 6.70 Max: 106.82
Current: 25.47
-7.53
106.82
Revenue Growth (3Y)(%) -8.20
TWO's Revenue Growth (3Y)(%) is ranked lower than
80% of the 420 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. TWO: -8.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TWO' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: -4.10 Max: 150.2
Current: -8.2
0
150.2
EBITDA Growth (3Y)(%) -28.60
TWO's EBITDA Growth (3Y)(%) is ranked lower than
91% of the 372 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.10 vs. TWO: -28.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
TWO' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -28.6  Med: 7.20 Max: 120.9
Current: -28.6
-28.6
120.9
EPS Growth (3Y)(%) -29.10
TWO's EPS Growth (3Y)(%) is ranked lower than
87% of the 316 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.80 vs. TWO: -29.10 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
TWO' s 10-Year EPS Growth (3Y)(%) Range
Min: -29.1  Med: 76.70 Max: 198.8
Current: -29.1
-29.1
198.8
» TWO's 10-Y Financials

Financials


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

» Details

Guru Trades

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 (-54.60%)
» More
Q4 2014

TWO Guru Trades in Q4 2014

David Dreman 15,924 sh (+9.53%)
Leon Cooperman 100,000 sh (unchged)
Jim Simons 2,610,800 sh (-27.28%)
Paul Tudor Jones 25,115 sh (-37.38%)
» More
Q1 2015

TWO Guru Trades in Q1 2015

David Dreman 17,456 sh (+9.62%)
Leon Cooperman 100,000 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons 730,900 sh (-72.00%)
» 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%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 12.59
TWO's P/E(ttm) is ranked higher than
64% of the 481 Companies
in the Global REIT - Residential industry.

( Industry Median: 16.30 vs. TWO: 12.59 )
Ranked among companies with meaningful P/E(ttm) only.
TWO' s 10-Year P/E(ttm) Range
Min: 4.08  Med: 9.14 Max: 307.72
Current: 12.59
4.08
307.72
Forward P/E 9.26
TWO's Forward P/E is ranked higher than
86% of the 319 Companies
in the Global REIT - Residential industry.

( Industry Median: 18.02 vs. TWO: 9.26 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 12.40
TWO's PE(NRI) is ranked higher than
64% of the 474 Companies
in the Global REIT - Residential industry.

( Industry Median: 16.40 vs. TWO: 12.40 )
Ranked among companies with meaningful PE(NRI) only.
TWO' s 10-Year PE(NRI) Range
Min: 4.11  Med: 9.19 Max: 307.72
Current: 12.4
4.11
307.72
P/B 0.89
TWO's P/B is ranked higher than
74% of the 594 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.17 vs. TWO: 0.89 )
Ranked among companies with meaningful P/B only.
TWO' s 10-Year P/B Range
Min: 0.56  Med: 0.96 Max: 1.66
Current: 0.89
0.56
1.66
P/S 6.13
TWO's P/S is ranked higher than
61% of the 604 Companies
in the Global REIT - Residential industry.

( Industry Median: 7.10 vs. TWO: 6.13 )
Ranked among companies with meaningful P/S only.
TWO' s 10-Year P/S Range
Min: 4.21  Med: 6.37 Max: 57.23
Current: 6.13
4.21
57.23
Shiller P/E 9.88
TWO's Shiller P/E is ranked higher than
80% of the 273 Companies
in the Global REIT - Residential industry.

( Industry Median: 22.61 vs. TWO: 9.88 )
Ranked among companies with meaningful Shiller P/E only.
TWO' s 10-Year Shiller P/E Range
Min: 9.69  Med: 10.86 Max: 12.52
Current: 9.88
9.69
12.52
Current Ratio 6.74
TWO's Current Ratio is ranked higher than
94% of the 564 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.91 vs. TWO: 6.74 )
Ranked among companies with meaningful Current Ratio only.
TWO' s 10-Year Current Ratio Range
Min: 0.15  Med: 1.80 Max: 64.5
Current: 6.74
0.15
64.5
Quick Ratio 6.74
TWO's Quick Ratio is ranked higher than
94% of the 564 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.82 vs. TWO: 6.74 )
Ranked among companies with meaningful Quick Ratio only.
TWO' s 10-Year Quick Ratio Range
Min: 0.15  Med: 1.80 Max: 64.5
Current: 6.74
0.15
64.5
Days Sales Outstanding 56.57
TWO's Days Sales Outstanding is ranked lower than
79% of the 492 Companies
in the Global REIT - Residential industry.

( Industry Median: 18.04 vs. TWO: 56.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
TWO' s 10-Year Days Sales Outstanding Range
Min: 48.97  Med: 63.97 Max: 344.31
Current: 56.57
48.97
344.31

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 10.34
TWO's Dividend Yield is ranked higher than
91% of the 790 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.94 vs. TWO: 10.34 )
Ranked among companies with meaningful Dividend Yield only.
TWO' s 10-Year Dividend Yield Range
Min: 2.84  Med: 14.33 Max: 19.61
Current: 10.34
2.84
19.61
Dividend Payout 1.31
TWO's Dividend Payout is ranked lower than
73% of the 576 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.88 vs. TWO: 1.31 )
Ranked among companies with meaningful Dividend Payout only.
TWO' s 10-Year Dividend Payout Range
Min: 0.29  Med: 0.95 Max: 3.64
Current: 1.31
0.29
3.64
Dividend growth (3y) -13.40
TWO's Dividend growth (3y) is ranked lower than
84% of the 325 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.20 vs. TWO: -13.40 )
Ranked among companies with meaningful Dividend growth (3y) only.
TWO' s 10-Year Dividend growth (3y) Range
Min: 0  Med: -13.40 Max: 87.4
Current: -13.4
0
87.4
Yield on cost (5-Year) 25.73
TWO's Yield on cost (5-Year) is ranked higher than
97% of the 789 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.53 vs. TWO: 25.73 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TWO' s 10-Year Yield on cost (5-Year) Range
Min: 6.98  Med: 35.21 Max: 48.19
Current: 25.73
6.98
48.19
Share Buyback Rate -54.70
TWO's Share Buyback Rate is ranked lower than
95% of the 397 Companies
in the Global REIT - Residential industry.

( Industry Median: -7.00 vs. TWO: -54.70 )
Ranked among companies with meaningful Share Buyback Rate only.
TWO' s 10-Year Share Buyback Rate Range
Min: -24.5  Med: -58.30 Max: -150.3
Current: -54.7

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 1.20
TWO's Price/Net Current Asset Value is ranked higher than
78% of the 36 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.56 vs. TWO: 1.20 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
TWO' s 10-Year Price/Net Current Asset Value Range
Min: 1.01  Med: 1.22 Max: 1.57
Current: 1.2
1.01
1.57
Price/Tangible Book 0.90
TWO's Price/Tangible Book is ranked higher than
75% of the 582 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. TWO: 0.90 )
Ranked among companies with meaningful Price/Tangible Book only.
TWO' s 10-Year Price/Tangible Book Range
Min: 0.58  Med: 0.98 Max: 1.66
Current: 0.9
0.58
1.66
Price/Projected FCF 1.29
TWO's Price/Projected FCF is ranked higher than
59% of the 256 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.44 vs. TWO: 1.29 )
Ranked among companies with meaningful Price/Projected FCF only.
TWO' s 10-Year Price/Projected FCF Range
Min: 1.1  Med: 1.23 Max: 1.38
Current: 1.29
1.1
1.38
Price/Median PS Value 0.95
TWO's Price/Median PS Value is ranked higher than
72% of the 550 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.09 vs. TWO: 0.95 )
Ranked among companies with meaningful Price/Median PS Value only.
TWO' s 10-Year Price/Median PS Value Range
Min: 0.66  Med: 0.98 Max: 8.94
Current: 0.95
0.66
8.94
Price/Peter Lynch Fair Value 1.19
TWO's Price/Peter Lynch Fair Value is ranked higher than
51% of the 131 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.21 vs. TWO: 1.19 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
TWO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.27  Med: 1.27 Max: 1.27
Current: 1.19
Price/Graham Number 0.71
TWO's Price/Graham Number is ranked higher than
72% of the 468 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.94 vs. TWO: 0.71 )
Ranked among companies with meaningful Price/Graham Number only.
TWO' s 10-Year Price/Graham Number Range
Min: 0.44  Med: 0.75 Max: 4.96
Current: 0.71
0.44
4.96
Earnings Yield (Greenblatt) (%) -2.90
TWO's Earnings Yield (Greenblatt) (%) is ranked lower than
96% of the 583 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.20 vs. TWO: -2.90 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TWO' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: -2.9  Med: 1.60 Max: 160.8
Current: -2.9
-2.9
160.8
Forward Rate of Return (Yacktman) (%) 8.93
TWO's Forward Rate of Return (Yacktman) (%) is ranked higher than
67% of the 323 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.88 vs. TWO: 8.93 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
TWO' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -1.4  Med: -1.30 Max: 9.1
Current: 8.93
-1.4
9.1

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

Headlines

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Weekly CEO Buys Highlight: TRNO, WTSLA, TWO, MTGE, NTWK Feb 24 2013 
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