Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Two Harbors Investment (TWO) Share Price
Media coverage about Two Harbors Investment (NYSE:TWO) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Two Harbors Investment earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.0593594161686 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Two Harbors Investment Corp. : TWO-US: Dividend Analysis : December 26th, 2017 (record date) : By the numbers : December 25, 2017 (finance.yahoo.com)
- Two Harbors Investment Target of Unusually High Options Trading (TWO) (americanbankingnews.com)
- Two Harbors Investment Corp. (NYSE: TWO) – Here’s What Short-Term Traders Should Know – Alpha Beta Stock (alphabetastock.com)
- Active Stock’s Volume Buzz: Two Harbors Investment Corp. (TWO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Two Harbors Investment Corp.: Two Harbors Investment Corp. Announces Conversion Rate Adjustment for its Convertible Senior Notes Due 2022 (twst.com)
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. B. Riley upgraded Two Harbors Investment from a “neutral” rating to a “buy” rating and cut their price target for the company from $20.00 to $16.50 in a research note on Friday, November 10th. They noted that the move was a valuation call. Barclays lifted their price target on Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Maxim Group restated a “buy” rating and issued a $17.00 target price (down previously from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. Finally, ValuEngine downgraded Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Two Harbors Investment currently has a consensus rating of “Buy” and a consensus target price of $18.50.
Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.24. Two Harbors Investment had a return on equity of 10.27% and a net margin of 63.23%. The firm had revenue of $115.03 million for the quarter, compared to the consensus estimate of $112.87 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. research analysts expect that Two Harbors Investment will post 2.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 26th will be paid a $0.47 dividend. The ex-dividend date is Friday, December 22nd. This represents a $1.88 annualized dividend and a yield of 11.53%. Two Harbors Investment’s payout ratio is 72.76%.
In other news, major shareholder Two Harbors Investment Corp. acquired 5,210 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of $18.95 per share, for a total transaction of $98,729.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Siering acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $15.30 per share, for a total transaction of $53,550.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 113,132 shares of company stock worth $2,067,765. 1.16% of the stock is owned by company insiders.
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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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