Two Harbors Investments Corp (NYSE:TWO) – Research analysts at FBR & Co increased their Q2 2017 earnings estimates for shares of Two Harbors Investments Corp in a report released on Tuesday. FBR & Co analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings per share of $0.27 for the quarter, up from their prior estimate of $0.24. FBR & Co also issued estimates for Two Harbors Investments Corp’s FY2017 earnings at $1.08 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.27 EPS and Q3 2018 earnings at $0.25 EPS.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Two Harbors Investments Corp had a net margin of 74.05% and a return on equity of 9.81%. The business had revenue of $116.20 million for the quarter, compared to the consensus estimate of $107.90 million. During the same period in the previous year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/07/21/two-harbors-investments-corp-to-post-q2-2017-earnings-of-0-27-per-share-fbr-co-forecasts-two.html.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday. Wells Fargo & Company downgraded shares of Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 target price on the stock. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 target price on the stock. Finally, Maxim Group restated a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.84.

Shares of Two Harbors Investments Corp (TWO) opened at 9.76 on Wednesday. The company has a market capitalization of $3.41 billion, a P/E ratio of 6.63 and a beta of 0.60. The company has a 50 day moving average of $10.08 and a 200-day moving average of $9.58. Two Harbors Investments Corp has a 12-month low of $7.91 and a 12-month high of $10.54.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Friday, June 30th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.66%. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 28th. Two Harbors Investments Corp’s dividend payout ratio (DPR) is currently 75.91%.

In related news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $9.85, for a total value of $54,825.10. Following the sale, the general counsel now directly owns 179,466 shares in the company, valued at approximately $1,767,740.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $9.86, for a total transaction of $193,877.18. Following the completion of the sale, the chief financial officer now owns 410,727 shares in the company, valued at $4,049,768.22. The disclosure for this sale can be found here. Company insiders own 1.16% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Opera Trading Capital purchased a new stake in shares of Two Harbors Investments Corp during the second quarter worth $1,189,000. Aperio Group LLC increased its stake in shares of Two Harbors Investments Corp by 16.1% in the second quarter. Aperio Group LLC now owns 818,496 shares of the real estate investment trust’s stock worth $8,111,000 after buying an additional 113,649 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Two Harbors Investments Corp by 25.0% in the second quarter. Nisa Investment Advisors LLC now owns 105,500 shares of the real estate investment trust’s stock worth $1,051,000 after buying an additional 21,100 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Two Harbors Investments Corp by 1,253.5% in the second quarter. James Investment Research Inc. now owns 217,580 shares of the real estate investment trust’s stock worth $2,156,000 after buying an additional 201,505 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Two Harbors Investments Corp by 6.8% in the second quarter. Creative Planning now owns 31,455 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 2,009 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Two Harbors Investments Corp Company Profile

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.

Earnings History and Estimates for Two Harbors Investments Corp (NYSE:TWO)

Receive News & Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related companies with MarketBeat.com's FREE daily email newsletter.