Two Harbors Investment (TWO) Set to Announce Earnings on Monday

Two Harbors Investment (NYSE:TWO) is scheduled to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Two Harbors Investment to post earnings of ($0.12) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Two Harbors Investment Stock Up 1.9 %

NYSE:TWO opened at $12.13 on Monday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -6.07 and a beta of 1.87. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59. The stock’s 50 day moving average price is $12.66 and its two-hundred day moving average price is $12.94. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 14.84%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is -90.00%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the transaction, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the transaction, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock valued at $169,150 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Two Harbors Investment by 3.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 84,418 shares of the real estate investment trust’s stock worth $1,176,000 after buying an additional 2,543 shares in the last quarter. Barclays PLC raised its holdings in shares of Two Harbors Investment by 227.3% during the 4th quarter. Barclays PLC now owns 155,918 shares of the real estate investment trust’s stock worth $2,172,000 after buying an additional 108,279 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Two Harbors Investment by 10.6% during the 4th quarter. Voya Investment Management LLC now owns 71,417 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 6,868 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Two Harbors Investment by 39.8% during the 4th quarter. Nuveen Asset Management LLC now owns 329,197 shares of the real estate investment trust’s stock worth $4,586,000 after buying an additional 93,694 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Two Harbors Investment by 67.9% during the 4th quarter. Public Sector Pension Investment Board now owns 199,606 shares of the real estate investment trust’s stock worth $2,781,000 after buying an additional 80,746 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jonestrading started coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. TheStreet downgraded Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday. Finally, StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

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.