Two Harbors Investment (NYSE:TWO) Issues Earnings Results, Misses Expectations By $0.22 EPS

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

Two Harbors Investment Stock Down 1.8 %

NYSE:TWO traded down $0.21 during mid-day trading on Wednesday, hitting $11.76. The company had a trading volume of 2,417,193 shares, compared to its average volume of 1,105,615. The business has a fifty day simple moving average of $13.47 and a 200-day simple moving average of $13.19. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 29.02 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 current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.31%. Two Harbors Investment's dividend payout ratio is currently 439.02%.

Analyst Ratings Changes

TWO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday. Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a "buy" rating and a $15.00 price target on the stock. JMP Securities dropped their price objective on shares of 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. StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Compass Point assumed coverage on shares of Two Harbors Investment in a research report on Thursday, October 3rd. They set a "buy" rating and a $15.75 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Two Harbors Investment currently has a consensus rating of "Hold" and a consensus price target 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.