Two Harbors Investment Corp (TWO) Releases Quarterly Earnings Results
Two Harbors Investment Corp (NYSE:TWO) announced its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01, StockRatingsNetwork reports. The company had revenue of $115.20 million for the quarter, compared to the consensus estimate of $116.22 million. During the same quarter last year, the company posted $0.21 earnings per share. Two Harbors Investment Corp’s revenue was down 4.5% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Two Harbors Investment Corp from $11.00 to $11.50 in a research note on Tuesday, May 27th. Analysts at Wunderlich upgraded shares of Two Harbors Investment Corp to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.90.
Shares of Two Harbors Investment Corp (NYSE:TWO) traded up 1.58% during mid-day trading on Wednesday, hitting $10.29. The stock had a trading volume of 2,655,770 shares. Two Harbors Investment Corp has a 1-year low of $8.94 and a 1-year high of $10.79. The stock has a 50-day moving average of $10.42 and a 200-day moving average of $10.30. The company has a market cap of $3.767 billion and a price-to-earnings ratio of 9.15.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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