Two Harbors Investment (NYSE:TWO – Get Free Report) 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
Read Our Latest Stock Report 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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