Two Harbors Investment (NYSE:TWO - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%.
Two Harbors Investment Stock Performance
Shares of NYSE:TWO traded down $0.21 during midday trading on Wednesday, reaching $11.79. 2,104,788 shares of the company's stock traded hands, compared to its average volume of 1,351,697. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment has a one year low of $10.84 and a one year high of $14.27. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -2.45 and a beta of 1.83. The stock has a 50 day moving average of $11.73 and a 200 day moving average of $12.68.
Two Harbors Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.27%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment's payout ratio is -37.34%.
Wall Street Analyst Weigh In
A number of research analysts have commented on TWO shares. StockNews.com raised Two Harbors Investment to a "sell" rating in a research report on Tuesday. JMP Securities restated a "market outperform" rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $11.50 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $13.54.
View Our Latest Report on TWO
Insiders Place Their Bets
In related news, insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.14, for a total value of $42,164.90. Following the completion of the sale, the insider now owns 152,378 shares of the company's stock, valued at $1,697,490.92. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CIO Nicholas Letica sold 6,040 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the transaction, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is owned by insiders.
About Two Harbors Investment
(
Get Free Report)
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.
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