Two Harbors Investment (TWO) Scheduled to Post Quarterly Earnings on Monday

Two Harbors Investment (NYSE:TWO) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Two Harbors Investment to post earnings of ($0.12) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Two Harbors Investment Stock Up 1.4 %

Shares of Two Harbors Investment stock opened at $12.53 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59. The firm’s 50-day moving average is $12.63 and its two-hundred day moving average is $12.94. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -6.27 and a beta of 1.87.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.37%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is -90.00%.

Insider Buying and Selling

In related news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now directly owns 264,079 shares in the company, valued at approximately $3,248,171.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the transaction, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock worth $169,150 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TWO shares. TheStreet cut shares of Two Harbors Investment from a “c-” rating to a “d” rating in a report on Tuesday, January 30th. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a report on Thursday, April 18th. Jonestrading started coverage on shares of Two Harbors Investment in a report on Friday, March 22nd. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.50.

About Two Harbors Investment

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.