Two Harbors Investment (TWO) Scheduled to Post Earnings on Monday

Two Harbors Investment (NYSE:TWO) is scheduled to be posting 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Two Harbors Investment Stock Up 1.4 %

TWO opened at $12.53 on Friday. The business has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.94. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $1.30 billion, a P/E ratio of -6.27 and a beta of 1.87.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.80 annualized dividend and a yield of 14.37%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -90.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TWO. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Thursday, April 18th. Jonestrading began coverage on Two Harbors Investment in a report on Friday, March 22nd. They issued a “hold” rating for the company. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.50.

Insider Transactions at Two Harbors Investment

In other news, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the sale, the chief financial officer now directly owns 83,605 shares in the company, valued at $1,028,341.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the sale, the chief executive officer now directly owns 264,079 shares in the company, valued at $3,248,171.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the sale, the chief financial officer now owns 83,605 shares in the company, valued at $1,028,341.50. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock worth $169,150 over the last three months. 0.61% of the stock is currently owned by insiders.

Two Harbors Investment Company Profile

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.