Two Harbors Investment (TWO) Scheduled to Post Quarterly Earnings on Monday

Two Harbors Investment (NYSE:TWO) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Two Harbors Investment Trading Up 1.4 %

NYSE:TWO opened at $12.53 on Friday. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $12.94. The firm has a market capitalization of $1.30 billion, a P/E ratio of -6.27 and a beta of 1.87.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.37%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is currently -90.00%.

Insider Activity

In other news, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $29,028.00. Following the completion of the transaction, the insider now directly owns 117,399 shares of the company’s stock, valued at $1,444,007.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $29,028.00. Following the completion of the sale, the insider now directly owns 117,399 shares of the company’s stock, valued at $1,444,007.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the sale, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock valued at $169,150 over the last three months. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

TWO has been the topic of several research reports. TheStreet lowered shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. Jonestrading began coverage on shares of Two Harbors Investment in a report on Friday, March 22nd. They issued a “hold” rating for the company. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.