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

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

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $12.13 on Monday. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The business has a fifty day moving average price of $12.66 and a 200-day moving average price of $12.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $1.26 billion, a P/E ratio of -6.07 and a beta of 1.87.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.84%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is currently -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 the firm’s stock in a transaction dated 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 owns 264,079 shares in the company, valued at $3,248,171.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction dated 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 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 can be accessed through this link. Also, insider Rebecca B. Sandberg sold 2,360 shares of Two Harbors Investment stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the completion of the transaction, the insider now owns 117,399 shares in the company, valued at approximately $1,444,007.70. The disclosure for this sale can be found here. Insiders have sold 13,752 shares of company stock worth $169,150 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Two Harbors Investment by 3.1% in the fourth 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 during the period. Barclays PLC increased its holdings in shares of Two Harbors Investment by 227.3% in the fourth 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 during the period. Voya Investment Management LLC increased its holdings in shares of Two Harbors Investment by 10.6% in the fourth 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 during the period. Nuveen Asset Management LLC increased its holdings in 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 valued at $4,586,000 after purchasing an additional 93,694 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in 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 valued at $2,781,000 after purchasing an additional 80,746 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of analyst reports. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Jonestrading started coverage on Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating for the company. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price objective 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. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.50.

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.