Two Harbors Investment (NYSE:TWO) Posts Earnings Results, Misses Expectations By $0.04 EPS

Two Harbors Investment (NYSE:TWO - Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04), Zacks reports. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. The firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million.

Two Harbors Investment Stock Up 0.9 %

Shares of TWO traded up $0.11 during midday trading on Friday, hitting $11.88. 125,725 shares of the company's stock traded hands, compared to its average volume of 1,202,354. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.62 and a beta of 1.36. Two Harbors Investment has a 1 year low of $10.16 and a 1 year high of $14.28. The firm's fifty day moving average is $12.62 and its 200-day moving average is $12.30.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 15.16%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's dividend payout ratio is currently -352.94%.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the sale, the insider now owns 146,803 shares of the company's stock, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TWO shares. JMP Securities decreased their price objective on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. StockNews.com lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada lifted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.29.

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.