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

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

Two Harbors Investment Stock Performance

TWO stock traded up $0.10 during trading on Friday, reaching $11.87. 1,079,199 shares of the company's stock were exchanged, compared to its average volume of 1,205,307. Two Harbors Investment has a 1-year low of $10.16 and a 1-year high of $14.28. The firm has a market cap of $1.23 billion, a PE ratio of 5.63 and a beta of 1.36. The company's fifty day moving average price is $12.58 and its 200-day moving average price is $12.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Two Harbors Investment Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TWO shares. StockNews.com downgraded shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada upped their target price 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. Keefe, Bruyette & Woods raised their price target on Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday. Finally, UBS Group upped their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.29.

Insider Activity

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

Two Harbors Investment Company Profile

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.