Two Harbors Investment (NYSE:TWO) Issues Earnings Results

Two Harbors Investment (NYSE:TWO) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.44%.

Two Harbors Investment Price Performance

Shares of NYSE TWO traded up $0.21 during midday trading on Friday, hitting $12.77. The company had a trading volume of 363,118 shares, compared to its average volume of 1,353,033. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $12.67. Two Harbors Investment has a twelve month low of $10.84 and a twelve month high of $14.27. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.05 and a beta of 1.83.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 14.10%. Two Harbors Investment’s dividend payout ratio is currently 85.31%.

Insider Transactions at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 5,025 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the sale, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $44,346.76. Following the completion of the transaction, the executive now owns 180,712 shares in the company, valued at $2,025,781.52. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,754 shares of company stock valued at $333,307 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on TWO shares. Compass Point dropped their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.54.

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.