Two Harbors Investment (NYSE:TWO – Get Free Report) 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
Get Our Latest Analysis on TWO
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.
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