Wall Street analysts expect that Two Harbors Investment Corp (NYSE:TWO) will report $0.47 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Two Harbors Investment’s earnings. Two Harbors Investment reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year-over-year growth rate of 13%. The company is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Two Harbors Investment will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.89. For the next year, analysts forecast that the firm will report earnings of $1.87 per share, with EPS estimates ranging from $1.81 to $1.93. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Two Harbors Investment.
Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $112.40 million. Two Harbors Investment had a return on equity of 10.60% and a net margin of 41.26%. During the same period last year, the firm posted $0.24 earnings per share.
Several brokerages have issued reports on TWO. B. Riley set a $17.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Saturday, January 20th. Finally, ValuEngine cut Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.00.
NYSE:TWO traded up $0.16 on Tuesday, hitting $15.58. The stock had a trading volume of 2,770,339 shares, compared to its average volume of 1,547,185. The stock has a market capitalization of $2,733.34, a price-to-earnings ratio of 7.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.19. Two Harbors Investment has a 52-week low of $13.85 and a 52-week high of $17.29.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 2nd will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 12.07%. The ex-dividend date is Thursday, March 29th. Two Harbors Investment’s dividend payout ratio (DPR) is currently 90.38%.
In other news, insider William Roth sold 44,028 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.16, for a total value of $667,464.48. Following the transaction, the insider now owns 744,845 shares of the company’s stock, valued at $11,291,850.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brad Farrell sold 24,761 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.17, for a total value of $375,624.37. Following the completion of the transaction, the chief financial officer now directly owns 284,978 shares in the company, valued at approximately $4,323,116.26. The disclosure for this sale can be found here. Insiders sold 81,903 shares of company stock worth $1,241,847 in the last ninety days. Corporate insiders own 1.16% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Two Harbors Investment in the fourth quarter worth about $256,000. Belpointe Asset Management LLC bought a new stake in Two Harbors Investment during the 4th quarter valued at approximately $532,000. Jane Street Group LLC raised its stake in Two Harbors Investment by 80.4% during the 4th quarter. Jane Street Group LLC now owns 20,714 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 9,230 shares during the period. Bramshill Investments LLC bought a new stake in Two Harbors Investment during the 4th quarter valued at approximately $1,023,000. Finally, Two Sigma Securities LLC bought a new stake in Two Harbors Investment during the 4th quarter valued at approximately $219,000. 68.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Two Harbors Investment
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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