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

Two Harbors Investment Corp (NYSE:TWO) – Research analysts at B. Riley lifted their Q2 2018 earnings per share estimates for shares of Two Harbors Investment in a note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts 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 has been the subject of several other reports. Maxim Group reissued a “buy” rating and set a $17.00 target price (down from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday. ValuEngine lowered shares of Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Barclays increased their target price on shares of Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.93.

Shares of Two Harbors Investment (NYSE:TWO) opened at $15.70 on Friday. Two Harbors Investment has a one year low of $15.21 and a one year high of $33.50. The company has a market cap of $2,740.00, a P/E ratio of 5.41 and a beta of 0.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were given a $0.47 dividend. The ex-dividend date was Friday, December 22nd. This represents a $1.88 annualized dividend and a dividend yield of 11.97%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 72.41%.

In other news, Director Brian Taylor purchased 9,500 shares of Two Harbors Investment stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $15.64 per share, for a total transaction of $148,580.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Two Harbors Investment Corp. purchased 4,597 shares of Two Harbors Investment stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average price of $18.96 per share, with a total value of $87,159.12. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 77,338 shares of company stock valued at $1,389,578. 1.16% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Two Harbors Investment by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock valued at $282,437,000 after acquiring an additional 329,603 shares in the last quarter. Delphi Financial Group Inc. lifted its position in shares of Two Harbors Investment by 1.1% in the 3rd quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock valued at $72,442,000 after acquiring an additional 80,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Two Harbors Investment by 110.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock valued at $58,555,000 after acquiring an additional 3,099,465 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Two Harbors Investment by 145.8% in the 3rd quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock valued at $57,515,000 after acquiring an additional 3,384,072 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Two Harbors Investment by 4.3% in the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock valued at $52,078,000 after acquiring an additional 217,529 shares in the last quarter.

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About Two Harbors Investment

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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