Research Analysts Issue Forecasts for Two Harbors Investment Corp’s Q2 2018 Earnings (TWO)

Two Harbors Investment Corp (NYSE:TWO) – Equities research analysts at B. Riley raised their Q2 2018 earnings estimates for shares of Two Harbors Investment in a report issued on Thursday. B. Riley analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.44. B. Riley currently has a “Buy” rating and a $16.50 target price on the stock. B. Riley also issued estimates for Two Harbors Investment’s Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.81 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.47 EPS and Q4 2019 earnings at $0.44 EPS.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.24. Two Harbors Investment had a return on equity of 10.27% and a net margin of 63.23%. The company had revenue of $115.03 million during the quarter, compared to analyst estimates of $112.87 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.

Several other equities research analysts have also weighed in on TWO. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. ValuEngine raised Two Harbors Investment from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 2nd. Maxim Group reissued a “buy” rating and issued a $17.00 price objective (down previously from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. Finally, Barclays lifted their price objective on Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.93.

Shares of Two Harbors Investment (TWO) opened at $15.70 on Friday. Two Harbors Investment has a twelve month low of $15.21 and a twelve month high of $33.50. The firm has a market capitalization of $2,740.00, a PE ratio of 5.41 and a beta of 0.52. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37.

Hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors boosted its position in shares of Two Harbors Investment by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 117 shares during the last quarter. CIBC World Markets Inc. boosted its position in shares of Two Harbors Investment by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 162 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Two Harbors Investment by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 262 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Two Harbors Investment by 3.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 18,698 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 609 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Two Harbors Investment by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 718 shares during the last quarter.

In related news, Director William Reid Sanders bought 5,000 shares of Two Harbors Investment stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $15.53 per share, with a total value of $77,650.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Two Harbors Investment Corp. bought 4,741 shares of Two Harbors Investment stock in a transaction on Tuesday, October 17th. The shares were bought at an average cost of $18.96 per share, with a total value of $89,889.36. The disclosure for this purchase can be found here. Insiders have acquired a total of 77,338 shares of company stock valued at $1,389,578 in the last ninety days. Insiders own 1.16% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.97%. The ex-dividend date of this dividend was Friday, December 22nd. Two Harbors Investment’s payout ratio is presently 72.41%.

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Two Harbors Investment 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 Investment (NYSE:TWO)

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