Two Harbors Investments Corp (NYSE:TWO) – B. Riley dropped their FY2017 EPS estimates for Two Harbors Investments Corp in a report released on Friday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will earn $2.09 per share for the year, down from their prior forecast of $2.12. B. Riley currently has a “Buy” rating and a $16.50 target price on the stock. B. Riley also issued estimates for Two Harbors Investments Corp’s Q4 2017 earnings at $0.47 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.80 EPS.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, October 25th. ValuEngine raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 2nd. Barclays PLC upped their price objective on shares of Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Maxim Group reissued a “buy” rating and issued a $20.50 price objective on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.50.

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Shares of Two Harbors Investments Corp (NYSE TWO) opened at $15.51 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33. Two Harbors Investments Corp has a 1-year low of $15.21 and a 1-year high of $21.08. The stock has a market cap of $2,678.41, a PE ratio of 7.34 and a beta of 0.58.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. Two Harbors Investments Corp had a net margin of 63.23% and a return on equity of 10.27%. The firm had revenue of $115.03 million during the quarter, compared to analyst estimates of $112.87 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Two Harbors Investments Corp’s quarterly revenue was up 6.0% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.08 dividend on an annualized basis and a yield of 13.41%. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. Two Harbors Investments Corp’s dividend payout ratio is presently 71.23%.

In related news, major shareholder Two Harbors Investment Corp. bought 5,555 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were bought at an average price of $18.96 per share, with a total value of $105,322.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 126,144 shares of company stock worth $2,372,473 in the last ninety days. 1.16% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P lifted its position in shares of Two Harbors Investments Corp by 8,595.4% during the second quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after purchasing an additional 1,848,609 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Two Harbors Investments Corp by 5,046.7% during the second quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after purchasing an additional 3,118,060 shares in the last quarter. Crawford Investment Counsel Inc. lifted its position in shares of Two Harbors Investments Corp by 6.0% during the second quarter. Crawford Investment Counsel Inc. now owns 218,700 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 12,390 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Two Harbors Investments Corp during the second quarter worth about $11,869,000. Finally, Chicago Equity Partners LLC lifted its position in shares of Two Harbors Investments Corp by 122.9% during the second quarter. Chicago Equity Partners LLC now owns 534,735 shares of the real estate investment trust’s stock worth $5,299,000 after purchasing an additional 294,855 shares in the last quarter.

About Two Harbors Investments Corp

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

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