News coverage about Two Harbors Investments Corp (NYSE:TWO) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Two Harbors Investments Corp earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.1775313986452 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Two Harbors Investments Corp (TWO) CEO Purchases $53,550.00 in Stock (americanbankingnews.com)
- Insider Buying: Two Harbors Investments Corp (TWO) Director Buys 5,000 Shares of Stock (americanbankingnews.com)
- Earnings Review and Free Research Report: Mid-America Apartment’s Revenue Surged 38.8%; FFO Soared 50.2% (finance.yahoo.com)
- Two Harbors Investments Corp (TWO) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Stock Performance Review on REIT Industry — Equity Residential, New Residential Investment, Orchid Island Capital … – PR Newswire (press release) (prnewswire.com)
Shares of Two Harbors Investments Corp (NYSE:TWO) opened at $15.41 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2,690.00 and a P/E ratio of 7.42. Two Harbors Investments Corp has a 52-week low of $15.21 and a 52-week high of $21.08.
Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million during the quarter, compared to the consensus estimate of $112.87 million. Two Harbors Investments Corp had a return on equity of 10.27% and a net margin of 63.23%. Two Harbors Investments Corp’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. research analysts anticipate that Two Harbors Investments Corp will post 2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 13.50%. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 71.72%.
A number of research analysts have recently weighed in on TWO shares. B. Riley restated a “neutral” rating on shares of Two Harbors Investments Corp in a report on Wednesday, November 1st. BidaskClub upgraded Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Maxim Group restated a “buy” rating and issued a $17.00 target price (down previously from $20.50) on shares of Two Harbors Investments Corp in a report on Thursday, November 9th. ValuEngine lowered Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Credit Suisse Group restated a “buy” rating and issued a $20.00 target price on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $18.50.
In other news, Director William Reid Sanders bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $15.53 per share, with a total value of $77,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Siering bought 3,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $15.30 per share, with a total value of $53,550.00. The disclosure for this purchase can be found here. Insiders have purchased 134,644 shares of company stock valued at $2,503,673 over the last ninety days. 1.16% of the stock is currently owned by company insiders.
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.
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