Two Harbors Investment Corp.TWO

$12.32+0.03 (+0.24%)
NYSEReal Estate24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
-46%
2016 — today
10-Year Price
-78%
2016 — today
52-Week Range
$8.91$14.10
Current $12.32· 66%

Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. The firm is actively involved in acquiring, funding, and overseeing a diverse portfolio of financial instruments, primarily residential mortgage-backed securities (RMBS). This portfolio encompasses both agency RMBS – which are often backed by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans – as well as non-agency securities, mortgage servicing rights (MSRs), and other related financial assets. Being structured as a REIT grants the company specific federal income tax advantages, contingent on distributing a minimum of 90% of its annual taxable earnings to its shareholders. Established in 2009, Two Harbors Investment Corp. maintains its corporate headquarters in Minnetonka, Minnesota.

Valuation in context

P/E ratio
-3.2
N/A
Not meaningful — company is unprofitable
P/B ratio
0.8
Historically pricey
Historically pricey — last 10 years
EV / EBITDA
70.8
Near historic high
Near historic highs — last 10 years
Dividend Yield
11.4%
Below average
Below the 10-year average
FCF Yield
-5.2%
Below average
Below the 10-year average
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