Posted by MarketBeat News on Jan 27th, 2024
Two Harbors Investment (NYSE:TWO – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, January 29th. Analysts expect Two Harbors Investment to post earnings of $0.08 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Two Harbors Investment (NYSE:TWO – Get Free Report) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.20). Two Harbors Investment had a return on equity of 3.34% and a net margin of 12.38%. The company had revenue of $123.61 million during the quarter. During the same period in the previous year, the business posted $0.61 earnings per share. On average, analysts expect Two Harbors Investment to post $-3 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Two Harbors Investment Price Performance
Shares of NYSE TWO opened at $13.57 on Friday. The stock has a fifty day simple moving average of $13.85 and a two-hundred day simple moving average of $13.25. Two Harbors Investment has a 1-year low of $9.83 and a 1-year high of $18.67. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -28.29 and a beta of 1.88. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.
Two Harbors Investment Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, January 12th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.26%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -374.99%.
Insider Activity at Two Harbors Investment
In related news, insider Robert Rush sold 3,443 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total transaction of $48,374.15. Following the completion of the sale, the insider now owns 78,433 shares of the company’s stock, valued at approximately $1,101,983.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,466 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $46,028.48. Following the sale, the insider now directly owns 119,759 shares in the company, valued at approximately $1,590,399.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Rush sold 3,443 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total transaction of $48,374.15. Following the completion of the sale, the insider now directly owns 78,433 shares in the company, valued at $1,101,983.65. The disclosure for this sale can be found here. Insiders sold 43,665 shares of company stock worth $594,605 over the last three months. Company insiders own 0.45% of the company’s stock.
Institutional Trading of Two Harbors Investment
Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in Two Harbors Investment by 1.6% in the second quarter. Barclays PLC now owns 51,085 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 786 shares during the period. Captrust Financial Advisors increased its stake in shares of Two Harbors Investment by 4.5% in the third quarter. Captrust Financial Advisors now owns 20,164 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 860 shares during the last quarter. FMR LLC increased its stake in shares of Two Harbors Investment by 22.1% in the third quarter. FMR LLC now owns 5,324 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 964 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Two Harbors Investment by 8.9% during the third quarter. Glenmede Trust Co. NA now owns 18,274 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Two Harbors Investment by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 27,885 shares of the real estate investment trust’s stock valued at $387,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 63.80% of the company’s stock.
Analyst Ratings Changes
TWO has been the topic of several research reports. JMP Securities lifted their price objective on Two Harbors Investment from $12.50 to $15.00 and gave the company a “market outperform” rating in a research report on Friday, December 15th. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Friday, January 19th. UBS Group assumed coverage on Two Harbors Investment in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $14.50 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.11.
Get Our Latest Report on Two Harbors Investment
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. The company is scheduled to release its earnings data after the market closes on Monday, January 29th, 2024. Analysts expect Two Harbors Investment to post earnings of $0.08 per share for the quarter [[1]].
In the previous quarterly earnings report released on October 30th, 2023, Two Harbors Investment reported an EPS of ($0.01), which missed the consensus estimate of $0.19 by ($0.20). The company had a return on equity of 3.34% and a net margin of 12.38%. The revenue for the quarter was $123.61 million. In the same period of the previous year, the company posted earnings per share of $0.61 [[1]].
For the current fiscal year, analysts expect Two Harbors Investment to post $-3 EPS, while for the next fiscal year, the expectation is $1 EPS [[1]].
Regarding the price performance, on Friday, January 26th, 2024, shares of Two Harbors Investment opened at $13.57. The stock has a fifty-day simple moving average of $13.85 and a two-hundred-day simple moving average of $13.25. The company has a 1-year low of $9.83 and a 1-year high of $18.67. Its market cap is $1.31 billion, and it has a price-to-earnings ratio of -28.29 and a beta of 1.88. The company has a current ratio of 1.08, a quick ratio of 1.08, and a debt-to-equity ratio of 1.12 [[1]].
Two Harbors Investment recently announced a quarterly dividend. Stockholders of record on Friday, January 12th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.26%. The company's dividend payout ratio (DPR) is currently -374.99% [[1]].
In terms of insider activity, there have been recent sales of company stock by insiders. For example, insider Robert Rush sold 3,443 shares of the company's stock on Tuesday, January 9th, at an average price of $14.05 per share. Insider Rebecca B. Sandberg also sold 3,466 shares of the stock on Tuesday, January 16th, at an average price of $13.28 per share. Insiders sold a total of 43,665 shares of company stock worth $594,605 over the last three months. Company insiders currently own 0.45% of the company's stock [[1]].
Institutional trading activity has also been observed. Hedge funds have made changes to their positions in the company. For example, Barclays PLC increased its holdings in Two Harbors Investment by 1.6% in the second quarter. Captrust Financial Advisors and FMR LLC also increased their stakes in the company during the third quarter. Overall, institutional investors and hedge funds own 63.80% of the company's stock [[1]].
Several research reports have been published on Two Harbors Investment. JMP Securities lifted their price objective on the company from $12.50 to $15.00 and gave it a "market outperform" rating. StockNews.com downgraded Two Harbors Investment from a "hold" rating to a "sell" rating. UBS Group assumed coverage on the company with a "neutral" rating and a $14.50 price objective. Keefe, Bruyette & Woods increased their price objective on the shares from $14.00 to $17.00 and gave the company a "market perform" rating. The stock currently has an average rating of "Hold" and a consensus target price of $15.11 [[1]].
In conclusion, Two Harbors Investment Corp. is a real estate investment trust that focuses on residential mortgage-backed securities and other financial assets. The company is scheduled to release its earnings data on January 29th, 2024, and analysts expect earnings of $0.08 per share for the quarter. The stock has a 1-year low of $9.83 and a 1-year high of $18.67. Two Harbors Investment recently announced a quarterly dividend and has seen insider activity and institutional trading. Various research reports have been published on the company, with a consensus target price of $15.11 [[1]].
