According to Sachs, stock market analysts expect Two Harbors Investment Corp.’s sales volume. (NYSE: TWO) will total $ 31.38 million in the current quarter. The two analysts provided estimates of Two Harbors Investment’s earnings, with the lowest estimate of sales at $ 23.70 million and the highest estimate at $ 39.05 million. Two Harbors Investment had sales of $ 45.21 million for the same quarter last year, implying negative 30.6% year-on-year growth. The company plans to publish its next quarterly income statement on Wednesday, August 4th.
On average, analysts expect Two Harbors Investment to report full year sales of $ 128.01 million in the current fiscal year, with estimates ranging from $ 107.30 to $ 148.71 million. Analysts expect the company to report sales of $ 125.82 million in the next fiscal year, with an estimate of $ 100.50 million to $ 151.14 million. Zacks Average Sales are an average based on a survey of analysts who track Two Harbors Investment.
Two Harbors Investment (NYSE: TWO) last released quarterly results on Wednesday, May 5th. The real estate investment fund reported earnings per share for the quarter at $ 0.17, down from the $ 0.21 consensus estimate ($ 0.04). Two Harbors Investment had a return on equity of 13.10% and a net margin of 147.30%.
TWO has been the subject of a number of research reports. BTIG Research reaffirmed its Hold rating on Two Harbors Investment in a report on Friday May 7th. TheStreet upgraded Two Harbor Investment’s rating from “d” to “c” in a research note on Wednesday, May 26th. Finally, Zacks Investment Research upgraded Two Harbor Investment’s rating from Sell to Hold in its research report on Saturday, May 22nd. Eight analysts gave the stock a holding rating and one a buy rating for the stock. The stock currently has an average Hold rating and an agreed price target of $ 6.79.
In other news, CEO Thomas Searing sold 200,000 shares of Two Harbors Investment in a deal that took place on Thursday 13 May. The shares were sold at an average price of US $ 6.98 for a total transaction amount of US $ 1,396,000. Following the completion of the transaction, the director now directly owns 549,706 shares of the company for approximately $ 3,836,947.88. The sale was disclosed in filing with the Securities and Exchange Commission, which can be accessed at this hyperlink. 0.84% of the shares are owned by insiders.
Institutional investors and hedge funds have recently increased or decreased their stakes in equities. Inspire Advisors LLC acquired a new position in Two Harbors Investment stock in Q4 for $ 44,000. In the first quarter, Baldwin Brothers Inc. MA increased its positions in Two Harbors Investment stock by 97.6%. Baldwin Brothers Inc. MA now owns 8,100 shares in a $ 59,000 real estate investment fund after purchasing an additional 4,000 shares in the last quarter. CM Bidwell & Associates Ltd. bought a new stake in Two Harbors Investment in Q1 for approximately $ 63,000. Camden Capital LLC bought a new stake in Two Harbor Investment in the 4th quarter for approximately $ 64,000. Finally, Barnett & Company Inc. increased its positions in Two Harbors Investment shares by 340.0% in the 1st quarter. Barnett & Company Inc. now owns 8,800 shares in a $ 65,000 real estate investment fund after purchasing an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company’s shares.
The NYSE TWO opened at $ 7.61 on Friday. The 50-day moving average for business is $ 7.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt to equity ratio of 0.43. The company has a market cap of $ 2.08 billion, a P / E ratio of 5.60 and a beta of 1.82. The minimum price for 1 year is $ 4.62 and the maximum price is $ 7.89 for one year.
The company also recently announced its quarterly dividend, which was paid on Thursday, April 29th. Record investors received a $ 0.17 dividend on Monday, March 29th. This represents an annualized dividend of $ 0.68 and a yield of 8.94%. The ex-dividend date for these dividends was Friday, March 26th. Two Harbors Investment’s dividend payout ratio is currently 87.18%.
Two Harbor Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment fund (REIT) that specializes in investing, financing and managing residential mortgage-backed securities (RMBS), non-agent securities, mortgage rights, and other financial assets in the United States. States. Its target assets include RMBS, backed by fixed rate mortgages, adjustable rate mortgages and adjustable rate hybrid (ARM) mortgages; and other assets such as financial and mortgage assets, including non-agency securities and non-hedging transactions.
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7 stocks Katie Wood is buying and you should too
If you are a hot hand investor, then they are not much cooler than Katie Wood. The founder and CEO of ARK Investment Management delivered over 100% of all five exchange-traded funds (ETFs) of her firm in 2020.
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Check out “The 7 Shares Katie Wood Buys That You Should Too.”