Two Harbors Investment (NYSE:TWO) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Two Harbors Investment (NYSE:TWO) released its earnings results on Monday. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business earned ($0.01) earnings per share.

Two Harbors Investment Trading Down 0.8 %

TWO stock traded down $0.09 during midday trading on Wednesday, reaching $11.88. 688,970 shares of the company’s stock traded hands, compared to its average volume of 1,096,509. Two Harbors Investment has a fifty-two week low of $10.34 and a fifty-two week high of $14.59. The company has a market capitalization of $1.23 billion, a P/E ratio of 29.12 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average price of $13.47 and a two-hundred day moving average price of $13.19.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.15%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is currently 439.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TWO shares. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective on the stock. JMP Securities lowered their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Finally, 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 objective for the company. One 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 stock. According to data from MarketBeat.com, Two Harbors Investment presently has a consensus rating of “Hold” and an average price target of $14.96.

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.