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

Two Harbors Investment (NYSE:TWO) will 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 registering for the company’s conference call can do so using this link.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $12.53 on Friday. The stock has a 50 day moving average of $12.63 and a 200-day moving average of $12.94. The company has a market capitalization of $1.30 billion, a P/E ratio of -6.27 and a beta of 1.87. Two Harbors Investment has a 12 month low of $9.83 and a 12 month high of $14.59. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be paid 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 presently -90.00%.

Insider Activity

In other news, CEO William Ross Greenberg sold 7,170 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 264,079 shares in the company, valued at approximately $3,248,171.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca B. Sandberg sold 2,360 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 $29,028.00. Following the transaction, the insider now directly owns 117,399 shares of the company’s stock, valued at approximately $1,444,007.70. The disclosure for this sale can be found here. In the last three months, insiders sold 13,752 shares of company stock worth $169,150. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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