Two Harbors Investments Corp (NYSE:TWO) issued its earnings results on Monday. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02, Briefing.com reports. Two Harbors Investments Corp had a net margin of 74.05% and a return on equity of 9.81%. The firm had revenue of $117.79 million during the quarter, compared to analyst estimates of $123.04 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Two Harbors Investments Corp’s revenue for the quarter was up 16.8% on a year-over-year basis.

Shares of Two Harbors Investments Corp (NYSE:TWO) traded down 0.51% during midday trading on Tuesday, hitting $9.78. 468,397 shares of the stock traded hands. Two Harbors Investments Corp has a 12-month low of $7.91 and a 12-month high of $10.54. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 6.64 and a beta of 0.59. The company’s 50 day moving average price is $10.00 and its 200-day moving average price is $9.65.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were paid a dividend of $0.26 per share. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 10.58%. Two Harbors Investments Corp’s dividend payout ratio is presently 75.91%.

A number of brokerages recently weighed in on TWO. BidaskClub upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group began coverage on shares of Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 target price for the company. Maxim Group restated a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. Finally, Wells Fargo & Company lowered shares of Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 target price for the company. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $9.96.

In other news, CFO Brad Farrell sold 19,663 shares of Two Harbors Investments Corp stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total transaction of $193,877.18. Following the transaction, the chief financial officer now owns 410,727 shares in the company, valued at approximately $4,049,768.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Rebecca B. Sandberg sold 5,566 shares of Two Harbors Investments Corp stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total value of $54,825.10. Following the transaction, the general counsel now owns 179,466 shares in the company, valued at approximately $1,767,740.10. The disclosure for this sale can be found here. 1.16% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in Two Harbors Investments Corp during the first quarter valued at approximately $106,000. Cadence Capital Management LLC bought a new position in Two Harbors Investments Corp during the first quarter valued at approximately $116,000. World Asset Management Inc raised its position in Two Harbors Investments Corp by 0.7% in the first quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 83 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Two Harbors Investments Corp during the first quarter valued at approximately $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Two Harbors Investments Corp by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,264 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,456 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

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Two Harbors Investments Corp 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 for Two Harbors Investments Corp (NYSE:TWO)

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