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

Two Harbors Investment (NYSE:TWO) 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

A number of research firms have weighed in on TWO. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Compass Point began coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They set a “buy” rating and a $15.75 price target on the stock. Finally, StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.71.

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.