Brokerages expect that Two Harbors Investment Corp. (NYSE:TWO) will report $0.21 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Two Harbors Investment’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.24. Two Harbors Investment reported earnings per share of $0.25 during the same quarter last year, which would indicate a negative year-over-year growth rate of 16%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, May 5th.
On average, analysts expect that Two Harbors Investment will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.88 to $0.91. For the next fiscal year, analysts forecast that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.91 to $0.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Two Harbors Investment.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Monday, February 8th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Two Harbors Investment had a positive return on equity of 11.09% and a negative net margin of 246.97%.
In related news, CEO William Ross Greenberg purchased 35,000 shares of the firm’s stock in a transaction dated Thursday, February 18th. The stock was purchased at an average price of $6.58 per share, with a total value of $230,300.00. Insiders own 0.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Inspire Advisors LLC purchased a new position in Two Harbors Investment during the fourth quarter valued at approximately $44,000. Baldwin Brothers Inc. MA grew its holdings in Two Harbors Investment by 97.6% in the first quarter. Baldwin Brothers Inc. MA now owns 8,100 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 4,000 shares during the last quarter. Camden Capital LLC purchased a new position in Two Harbors Investment in the fourth quarter worth $64,000. IHT Wealth Management LLC grew its holdings in Two Harbors Investment by 20.2% in the third quarter. IHT Wealth Management LLC now owns 12,709 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Barnett & Company Inc. grew its holdings in Two Harbors Investment by 340.0% in the first quarter. Barnett & Company Inc. now owns 8,800 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 6,800 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors.
Two Harbors Investment stock traded down $0.05 during trading on Tuesday, reaching $7.76. The company had a trading volume of 223,070 shares, compared to its average volume of 3,649,947. Two Harbors Investment has a 52 week low of $3.82 and a 52 week high of $7.88. The firm’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $6.64. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -1.18 and a beta of 1.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 29th. Shareholders of record on Monday, March 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 8.76%. The ex-dividend date was Friday, March 26th. Two Harbors Investment’s payout ratio is currently 49.64%.
About Two Harbors Investment
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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