Two Harbors Investment (NYSE:TWO) Issues Quarterly Earnings Results

Two Harbors Investment (NYSE:TWO) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22), Zacks reports. The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same quarter last year, the business earned ($0.01) earnings per share.

Two Harbors Investment Stock Down 0.8 %

NYSE TWO traded down $0.10 during trading on Wednesday, reaching $11.87. 697,920 shares of the company’s stock were exchanged, compared to its average volume of 1,097,428. The company has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $13.19. The stock has a market cap of $1.23 billion, a P/E ratio of 29.12 and a beta of 1.85. Two Harbors Investment has a 1 year low of $10.34 and a 1 year high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 15.16%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 439.02%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TWO shares. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Compass Point initiated coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price for the company. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. Finally, JMP Securities lowered their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.96.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.