Two Harbors Investment Corp (TWO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.22 EPS for the quarter. Analysts had a consensus estimate of $0.22. The company posted revenue of $100.80 million in the period, compared to analysts expectations of $95.48 million. The company’s revenue was down -14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Two Harbors Investment Corp. Shares were Reiterated by Maxim Group on May 6, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $10.50 .
Two Harbors Investment Corp closed down -0.14 points or -1.59% at $8.66 with 16,18,768 shares getting traded on Tusday. Post opening the session at $8.77, the shares hit an intraday low of $8.62 and an intraday high of $8.8065 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 1, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,488 shares at $8.48 per share price. According to the SEC, on Jun 1, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 2,127 shares at $8.48 per share price. On Jun 1, 2016, Brad Farrell (CFO and Treasurer) sold 12,898 shares at $8.48 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.