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

Two Harbors Investment (NYSE:TWO) issued its 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. The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period in the prior year, the company posted ($0.01) earnings per share.

Two Harbors Investment Trading Down 0.6 %

Shares of NYSE:TWO traded down $0.07 on Wednesday, hitting $11.90. The company had a trading volume of 584,729 shares, compared to its average volume of 1,096,008. The firm’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.19. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 29.12 and a beta of 1.85. 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 has a 1 year low of $10.34 and a 1 year high of $14.59.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.13%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s payout ratio is currently 439.02%.

Analysts Set New Price Targets

TWO has been the topic of several recent research reports. JMP Securities reduced their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective on the stock. 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 price target on the stock. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Two Harbors Investment presently has a consensus rating of “Hold” and a consensus target price of $14.96.

Two Harbors Investment Company Profile

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.