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

Two Harbors Investment (NYSE:TWO) posted its earnings results on Monday. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04), Zacks reports. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The firm had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million.

Two Harbors Investment Stock Performance

Shares of TWO opened at $12.02 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 12 month low of $10.16 and a 12 month high of $14.28. The firm has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $12.30. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 5.70 and a beta of 1.36.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.98%. The ex-dividend date is Friday, April 4th. Two Harbors Investment’s dividend payout ratio is presently 85.31%.

Analyst Ratings Changes

Several analysts recently commented on TWO shares. JPMorgan Chase & Co. dropped their price objective on Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. JMP Securities lowered their target price on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.46.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

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.