Two Harbors Investment (NYSE:TWO) Releases Earnings Results, Misses Estimates By $0.04 EPS

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

Two Harbors Investment Trading Up 2.1 %

TWO opened at $12.02 on Tuesday. Two Harbors Investment has a fifty-two week low of $10.16 and a fifty-two week high of $14.28. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 5.70 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $12.72 and a 200 day simple moving average of $12.30.

Two Harbors Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

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.