Two Harbors Investment Corp Expected to Earn FY2019 Earnings of $1.82 Per Share (TWO)
Two Harbors Investment Corp (NYSE:TWO) – Equities researchers at B. Riley issued their FY2019 earnings estimates for shares of Two Harbors Investment in a note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner anticipates that the real estate investment trust will post earnings of $1.82 per share for the year. B. Riley currently has a “Buy” rating and a $16.50 price target on the stock.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.24. The firm had revenue of $115.03 million for the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investment had a return on equity of 10.27% and a net margin of 63.23%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS.
Shares of Two Harbors Investment (NYSE TWO) traded down $0.15 during mid-day trading on Monday, reaching $15.70. The company had a trading volume of 2,060,600 shares, compared to its average volume of 1,846,245. The firm has a market cap of $2,740.00, a PE ratio of 5.41 and a beta of 0.52. Two Harbors Investment has a 1 year low of $13.96 and a 1 year high of $17.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.97%. The ex-dividend date was Friday, December 22nd. Two Harbors Investment’s payout ratio is 72.41%.
In other news, major shareholder Two Harbors Investment Corp. purchased 4,741 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were acquired at an average price of $18.96 per share, with a total value of $89,889.36. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Siering purchased 3,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average cost of $15.30 per share, for a total transaction of $53,550.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 72,741 shares of company stock worth $1,302,419 in the last quarter. 1.16% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Optimum Investment Advisors lifted its stake in Two Harbors Investment by 0.7% in the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 117 shares in the last quarter. CIBC World Markets Inc. lifted its stake in Two Harbors Investment by 1.1% in the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 162 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Two Harbors Investment by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 718 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Two Harbors Investment by 1.3% in the 2nd quarter. Suntrust Banks Inc. now owns 57,509 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 758 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in Two Harbors Investment by 3.4% in the 2nd quarter. Stephens Inc. AR now owns 27,752 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 900 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.
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