Two Harbors Investment (NYSE:TWO) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Two Harbors Investment (NYSE:TWO) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07), Zacks reports. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%.

Two Harbors Investment Trading Down 1.7 %

Shares of TWO stock traded down $0.21 on Wednesday, hitting $11.79. 2,104,788 shares of the stock traded hands, compared to its average volume of 1,351,871. Two Harbors Investment has a twelve month low of $10.84 and a twelve month high of $14.27. The stock has a market capitalization of $1.22 billion, a PE ratio of -2.45 and a beta of 1.83. The firm’s 50-day moving average price is $11.73 and its two-hundred day moving average price is $12.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.27%. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Analyst Ratings Changes

TWO has been the topic of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Royal Bank of Canada decreased their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Tuesday. Finally, Compass Point reduced their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and a consensus target price of $13.54.

Insider Buying and Selling

In related news, insider Rebecca B. Sandberg sold 5,025 shares of Two Harbors Investment stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the sale, the insider now owns 156,163 shares in the company, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,754 shares of company stock worth $333,307. Insiders own 0.61% of the company’s stock.

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.