Two Harbors Investment Corp (TWO) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.21 EPS for the quarter. Analysts had a consensus estimate of $0.21. The company posted revenue of $89.40 million in the period, compared to analysts expectations of $97.95 million. The company’s revenue was down -30.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Two Harbors Investment Corp closed down -0.05 points or -0.64% at $7.78 with 30,41,432 shares getting traded on Monday. Post opening the session at $7.85, the shares hit an intraday low of $7.77 and an intraday high of $7.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 18, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 1,367 shares at $7.29 per share price. According to the SEC, on Feb 16, 2016, Thomas Siering (CEO) purchased 5,000 shares at $7.15 per share price. On Feb 10, 2016, Brad Farrell (CFO and Treasurer) sold 13,825 shares at $7.36 per share price, according to the Form-4 filing with the securities and exchange commission.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s investment objective is to provide risk-adjusted total return to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives) meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Non-Agency RMBS meaning RMBS that are not issued or guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC a subsidiary of Pine River Capital Management L.P.