Two Harbors Investments (NYSE:TWO – Get 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
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
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.
Featured Articles
- Five stocks we like better than Two Harbors Investments
- Powering Up: NextEra and Brookfield Build an Off-Grid Empire
- DoorDash’s Drone Certification Could Reshape Its Delivery Margins
- 2 Unique Space ETFs That Could Upend the Industry
- Corning Stock Crashes on Earnings, But the Sell-Off Looks Overdone
Receive News & Ratings for Two Harbors Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments and related companies with MarketBeat.com's FREE daily email newsletter.
