Two Harbors Investment (NYSE:TWO – Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.13 earnings per share (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 quarter in the prior year, the business posted ($0.01) EPS.
Two Harbors Investment Trading Down 0.9 %
Shares of TWO stock traded down $0.11 during mid-day trading on Thursday, reaching $11.65. The company’s stock had a trading volume of 224,118 shares, compared to its average volume of 1,101,448. The company’s 50 day simple moving average is $13.43 and its 200-day simple moving average is $13.18. Two Harbors Investment has a 12-month low of $10.34 and a 12-month high of $14.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.21 billion, a PE ratio of 28.72 and a beta of 1.85.
Two Harbors Investment Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 15.45%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is presently 439.02%.
Analysts Set New Price Targets
Check Out Our Latest Stock 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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