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

Two Harbors Investments (NYSE:TWO) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28, FiscalAI reports. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The company had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million.

Two Harbors Investments Trading Up 0.0%

Shares of Two Harbors Investments stock traded up $0.01 during trading hours on Wednesday, hitting $12.11. The company’s stock had a trading volume of 221,365 shares, compared to its average volume of 2,879,323. Two Harbors Investments has a twelve month low of $8.78 and a twelve month high of $14.17. The firm has a fifty day moving average of $12.27 and a 200-day moving average of $11.70. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -3.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. Two Harbors Investments’s payout ratio is currently -12.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TWO shares. JPMorgan Chase & Co. boosted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Compass Point restated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. Royal Bank Of Canada raised their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Two Harbors Investments in a research report on Friday. One research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.75.

Institutional Trading of Two Harbors Investments

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP boosted its stake in Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 981 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments in the 3rd quarter valued at approximately $42,000. Kemnay Advisory Services Inc. acquired a new position in shares of Two Harbors Investments in the 4th quarter worth approximately $68,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Two Harbors Investments during the 4th quarter worth approximately $75,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.