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

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

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock traded down $0.14 during midday trading on Thursday, hitting $11.62. 455,208 shares of the company traded hands, compared to its average volume of 1,101,704. The firm’s fifty day moving average price is $13.43 and its 200-day moving average price is $13.18. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 28.72 and a beta of 1.85. Two Harbors Investment has a 12 month low of $10.34 and a 12 month high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.49%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 439.02%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TWO. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday. Compass Point began coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price for the company. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, JMP Securities decreased their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.