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

Two Harbors Investment (NYSE:TWO) announced its quarterly earnings results 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 during the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period last year, the firm posted ($0.01) earnings per share.

Two Harbors Investment Stock Performance

Shares of TWO stock traded down $0.20 during trading hours on Wednesday, reaching $11.78. 2,418,276 shares of the company’s stock were exchanged, compared to its average volume of 1,105,617. Two Harbors Investment has a fifty-two week low of $10.34 and a fifty-two week high of $14.59. The stock has a market capitalization of $1.22 billion, a P/E ratio of 29.02 and a beta of 1.85. The business has a fifty day moving average price of $13.47 and a 200-day moving average price of $13.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.29%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 439.02%.

Analyst Ratings Changes

Several brokerages recently commented on TWO. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. Janney Montgomery Scott began coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. JMP Securities lowered their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Compass Point assumed coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.71.

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.