Two Harbors Investments (NYSE:TWO) Announces Quarterly Earnings Results

Two Harbors Investments (NYSE:TWOGet Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28, FiscalAI reports. Two Harbors Investments had a positive return on equity of 12.74% and a negative net margin of 6.09%.The company had revenue of $247.57 million during the quarter, compared to analysts’ expectations of $9.45 million.

Two Harbors Investments Stock Performance

Shares of TWO traded up $0.01 during midday trading on Thursday, reaching $12.11. 268,950 shares of the stock were exchanged, compared to its average volume of 2,879,029. Two Harbors Investments has a twelve month low of $8.78 and a twelve month high of $14.17. The company has a market cap of $1.27 billion, a P/E ratio of -16.36 and a beta of 1.03. The stock’s 50 day simple moving average is $12.26 and its 200 day simple moving average is $11.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -35.60%.

Institutional Investors Weigh In On Two Harbors Investments

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its holdings in Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the period. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments in the third quarter worth $42,000. Kemnay Advisory Services Inc. acquired a new position in Two Harbors Investments in the fourth quarter valued at about $68,000. Finally, Los Angeles Capital Management LLC bought a new stake in Two Harbors Investments during the fourth quarter worth about $75,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TWO. Royal Bank Of Canada increased their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Monday. Compass Point reiterated a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Two Harbors Investments in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Two Harbors Investments currently has a consensus rating of “Hold” and a consensus target price of $12.75.

Read Our Latest Stock Report on Two Harbors Investments

Two Harbors Investments Company Profile

(Get Free Report)

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.

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Earnings History for Two Harbors Investments (NYSE:TWO)

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