Two Harbors Investment Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.88
Dividend & Yield2.40$ (14.88%)
Beta 1.73
Market capitalization 1.58B
Operating cash flow N/A
ESG Scores unknown

Company description

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.

Sector: Real Estate - Industry: REIT—Mortgage

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -35.29M -168.23M 2.68M
Total Cashflows From Investing Activities -6.08B 14.9B 6.31B
Net Borrowings 5.74B -14.23B -7.21B
Total Cash From Financing Activities 5.54B -14.51B -7.3B
Change To Operating Activities 1.77M -29.69M 9.63M
Issuance Of Stock 336.25M 372k 450.6M
Net Income 323.96M -1.63B 187.23M 220.24M
Change In Cash 519.06M 1.03B -557.76M
Effect Of Exchange Rate
Total Cash From Operating Activities 1.06B 631.6M 423.51M
Depreciation
Change To Account Receivables
Other Cashflows From Financing Activities
Change To Netincome 770.56M 2.41B 200.07M
Capital Expenditures

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 310.4M -1.67B 191.42M 324.45M
Net Income 323.96M -1.63B 187.23M 220.24M
Selling General Administrative 93.33M 69.46M 35.04M 40.72M
Gross Profit 1.13B -626.37M 358.54M -18.2M
Ebit
Operating Income 310.4M -1.65B 196.64M 340.32M
Interest Expense
Income Tax Expense -13.56M -35.69M 4.19M 104.21M
Total Revenue 1.2B -532.1M 444.79M 75.92M
Cost Of Revenue 74.61M 94.27M 86.25M 94.12M
Total Other Income ExpenseNet -10.91M -5.22M -15.87M
Net Income From Continuing Ops 323.96M -1.63B 187.23M 220.24M
Net Income Applicable To Common Shares 248.16M -1.71B 128.04M 186.78M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 30.95B 16.43B 9.37B 11.28B
Total Stockholder Equity 3.99B 2.11B 2.04B 1.55B
Other Current Liabilities 128.12M 65.48M 72.41M 64.5M
Total Assets 35.92B 19.52B 12.11B 13.47B
Common Stock 2.73M 2.74M 3.44M 864k
Other Current Assets 1.1B 1.34B 1.07B 443.03M
Retained Earnings -1.85B -3.7B -3.77B -3.82B
Treasury Stock 689.4M 641.6M 186.35M -278.71M
Cash 558.14M 1.38B 1.15B 683.48M
Total Current Liabilities 29.59B 15.3B 8.08B 9B
Other Stockholder Equity 689.4M 641.6M 186.35M -278.71M
Property, Plant, and Equipment
Total Current Assets 2.5B 3.13B 2.63B 2.51B
Net Tangible Assets 3.99B 2.11B 2.04B 1.55B
Net Receivables 429.14M 216.11M 195.67M 289.39M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Two Harbors Investment Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
RUSH ROBERTSale at price 16.73 per share.D2023-02-27Officer3.67k
VINAR JASONSale at price 16.73 per share.D2023-02-27Chief Operating Officer1.95k
HANSON ALECIASale at price 16.73 per share.D2023-02-27Officer1.68k
KEEN MATTHEWSale at price 16.73 per share.D2023-02-27Chief Technology Officer1.16k
SANDBERG REBECCA BSale at price 16.97 per share.D2023-02-08General Counsel2.54k
RISKEY MARY KATHRYNSale at price 16.97 per share.D2023-02-08Chief Financial Officer2.18k
GREENBERG WILLIAM ROSSSale at price 16.99 per share.D2023-02-08Chief Executive Officer7.41k
RUSH ROBERTSale at price 16.97 per share.D2023-02-08Officer2.3k
VINAR JASONSale at price 16.97 per share.D2023-02-08Chief Operating Officer1.23k
HANSON ALECIASale at price 17.02 per share.D2023-02-08Officer915
KEEN MATTHEWSale at price 16.96 per share.D2023-02-08Chief Technology Officer544
SANDBERG REBECCA BSale at price 17.70 per share.D2023-01-30General Counsel2.85k
RISKEY MARY KATHRYNSale at price 17.74 per share.D2023-01-30Chief Financial Officer2.19k
GREENBERG WILLIAM ROSSSale at price 17.72 per share.D2023-01-30Chief Executive Officer4.02k
RUSH ROBERTSale at price 17.74 per share.D2023-01-30Officer2.6k
VINAR JASONSale at price 17.73 per share.D2023-01-30Chief Operating Officer1.23k
HANSON ALECIASale at price 17.73 per share.D2023-01-30Officer1.03k
KEEN MATTHEWSale at price 17.72 per share.D2023-01-30Chief Technology Officer746
SANDBERG REBECCA BD2023-01-13General Counsel20.8k
RISKEY MARY KATHRYND2023-01-13Chief Financial Officer17.21k
GREENBERG WILLIAM ROSSD2023-01-13Chief Executive Officer57.98k
RUSH ROBERTD2023-01-13Officer19.36k
VINAR JASOND2023-01-13Chief Operating Officer10.33k
HANSON ALECIAD2023-01-13Officer6.88k
KEEN MATTHEWD2023-01-13Chief Technology Officer6.45k
LETICA NICHOLASD2023-01-13Officer34.42k
LETICA NICHOLASD2022-08-15Chief Investment Officer207.69k
SANDBERG REBECCA BSale at price 4.99 per share.D2022-05-20General Counsel17.14k
RISKEY MARY KATHRYNSale at price 4.97 per share.D2022-05-20Chief Financial Officer15.11k
GREENBERG WILLIAM ROSSSale at price 4.99 per share.D2022-05-20Chief Executive Officer34.95k
KASNET STEPHEN GARFIELDSale at price 5.00 per share.D2022-05-19Director19.21k
BENDER JAMES JSale at price 5.00 per share.D2022-05-19Director6.15k
ABRAHAM EDWARD SPENCERSale at price 5.00 per share.D2022-05-19Director6.15k
STERN JAMES AD2022-05-18Director23.55k
KASNET STEPHEN GARFIELDD2022-05-18Director78.44k
SANDERS WILLIAM REIDD2022-05-18Director23.55k
BENDER JAMES JD2022-05-18Director23.55k
ABRAHAM EDWARD SPENCERD2022-05-18Director23.55k
WOODHOUSE HOPE BD2022-05-18Director23.55k
HAMMOND KAREND2022-05-18Director23.55k
SANDBERG REBECCA BD2022-02-07General Counsel68.27k
RISKEY MARY KATHRYND2022-02-07Chief Financial Officer56.5k
GREENBERG WILLIAM ROSSD2022-02-07Chief Executive Officer190.68k
SANDBERG REBECCA BSale at price 5.68 per share.D2022-01-31General Counsel18.17k
RISKEY MARY KATHRYNSale at price 5.69 per share.D2022-01-31Chief Financial Officer14k
GREENBERG WILLIAM ROSSSale at price 5.71 per share.D2022-01-31Chief Executive Officer16.68k
KOEPPEN MATTHEWSale at price 6.43 - 6.46 per share.D2021-08-12Former294.91k
STERN JAMES AD2021-05-19Director15.38k
KASNET STEPHEN GARFIELDD2021-05-19Director61.89k
SANDERS WILLIAM REIDD2021-05-19Director15.38k
BENDER JAMES JD2021-05-19Director15.38k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Two Harbors Investment Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Two Harbors Investment Corp

Here is the result of two systematic investment strategies applied to Two Harbors Investment Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Two Harbors Investment Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Two Harbors Investment Corp:

Two Harbors Investment Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -22.29% on the backtest period.

Performance at glance

Performance

-22.29 %

Latent gain

-500.98 $

Invested capital

2247.3 $

Annualized return

-5.38 %
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Momentum strategy results on Two Harbors Investment Corp

This is the result of two momentum investment strategies applied to Two Harbors Investment Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Two Harbors Investment Corp

The following chart shows all the entries opened by the momentum investment system on Two Harbors Investment Corp:

Two Harbors Investment Corp momentum entries
  • The first momentum investment strategy would give -27.94% of return on Two Harbors Investment Corp. That represents -1397.94$ of latent gain with 5003.46$ of employed capital.
  • The second momentum investment strategy would give -26.94% of return on Two Harbors Investment Corp. That represents -873.88$ of latent gain with 3244.36$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-27.94 %

Latent gain

-1397.94 $

Invested capital

5003.46 $

Annualized return

-23.83 %
Performance at glance (2Q Momentum)

Performance

-26.94 %

Latent gain

-873.88 $

Invested capital

3244.36 $

Annualized return

-7.36 %

Momentum equity curve on Two Harbors Investment Corp

The following chart shows the equity curve of the two momentum strategies applied to Two Harbors Investment Corp:

Two Harbors Investment Corp momentum equity

Note: the dividends potentially given by Two Harbors Investment Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Two Harbors Investment Corp

The following chart shows the employed capital evolution of the two momentum strategies on Two Harbors Investment Corp since the beginning:

Two Harbors Investment Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Two Harbors Investment Corp

Buy the dip entry openings on Two Harbors Investment Corp

Two Harbors Investment Corp

The performance achieved by the robo-advisor on Two Harbors Investment Corp is -51.0%. That represents -124.38$ of latent gain with 243.9$ of employed capital. The following chart shows Two Harbors Investment Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Two Harbors Investment Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-51.0 %

Latent gain

-124.38 $

Invested capital

243.9 $

Annualized return

-23.83 %

Equity curve of the strategy applied to Two Harbors Investment Corp

The following chart shows the result of the investment strategy applied to Two Harbors Investment Corp:

Two Harbors Investment Corp

Note: the dividends potentially given by Two Harbors Investment Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Two Harbors Investment Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Two Harbors Investment Corp:

Two Harbors Investment Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Two Harbors Investment Corp

In this section, I will compare the three previous investment strategies applied to Two Harbors Investment Corp.

Equity curve comparison on Two Harbors Investment Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Two Harbors Investment Corp investment strategy comparison

Employed capital comparison on Two Harbors Investment Corp

Two Harbors Investment Corp investment comparison

Performance comparison on Two Harbors Investment Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -22.29% -500.98$ 2247.3$ -5.38%
Momentum 1 quarter -27.94% -1397.94$ 5003.46$ -7.16%
Momentum 2 quarters -26.94% -873.88$ 3244.36$ -7.36%
Non-directional -51.0% -124.38$ 243.9$ -23.83%
Annualized return comparison

Automatic investment

-5.38 %

Momentum 1Q

-7.36 %

Momentum 2Q

-7.36 %

Non-directional

-23.83 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Two Harbors Investment Corp:

Positive correlations

Most correlated stocks this year

  • Two Harbors Investment Corp

  • Most correlated stocks last 3 months

  • Bridgewater Bancshares Inc
  • Agilysys Inc
  • National Vision Holdings Inc
  • Heartland Financial USA Inc
  • First Internet Bancorp
  • BJ`s Restaurant Inc
  • Texas Roadhouse Inc
  • WideOpenWest Inc
  • CHS Inc
  • McGrath Rentcorp
  • Mechel PJSC
  • CMS Energy Corporation
  • CrossAmerica Partners LP
  • TPG RE Finance Trust Inc
  • Stifel Financial Corp
  • Prosperity Bancshares Inc
  • Texas Capital Bancshares Inc
  • Enova International Inc
  • Globe Life Inc
  • RE/MAX Holdings Inc - Class A
  • KB Home
  • Caci International Inc
  • PJT Partners Inc - Class A
  • Performance Food Group Company
  • Allstate Corp (The)
  • iShares Trust iShares Preferred and Income Securit
  • American Express Company
  • Cowen Inc
  • TopBuild Corp
  • Tennessee Valley Authority
  • BMO LOW VOLATILITY US EQUITY ETF CAD
  • Mercury General Corp
  • PTC Inc
  • KKR Real Estate Finance Trust Inc
  • Two Harbors Investment Corp
  • Great Ajax Corp
  • ALTUS GROUP LIMITED
  • Four Corners Property Trust Inc
  • MFS Charter Income Trust
  • Algonquin Power & Utilities Corp
  • Thomson-Reuters Corp
  • Monarch Casino & Resort Inc
  • First Trust Utilities AlphaDEX Fund
  • FIRM CAPITAL MORTGAGE INV. CORP.
  • Spirit Realty Capital Inc
  • Bank of James Financial Group Inc
  • Controladora Vuela Cia De Aviacion
  • SS&C Technologies Holdings Inc
  • ALGONQUIN POWER AND UTILITIES CORP.
  • Chesapeake Utilities Corp
  • BlackRock Utility Infrastructure & Power Opportuni
  • WSP GLOBAL INC
  • TC Energy Corporation
  • HYDRO ONE LIMITED
  • Deckers Outdoor Corp
  • AGNC Investment Corp Depositary Shares Each Repres
  • Plymouth Industrial Reit Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Two Harbors Investment Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Two Harbors Investment Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Two Harbors Investment Corp
    Country United States
    City Minnetonka
    Address 1601 Utica Avenue South
    Phone 612 453 4100
    Website www.twoharborsinvestment.com
    FullTime employees
    Industry REIT—Mortgage
    Sector Real Estate
    Exchange XNYS
    Ticker TWO
    Market www.nyse.com

    Two Harbors Investment Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown