Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) saw strong trading volume on Tuesday . 1,235,228 shares traded hands during mid-day trading, an increase of 1% from the previous session's volume of 1,225,217 shares.The stock last traded at $10.78 and had previously closed at $10.85.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. UBS Group upped their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.14.
Check Out Our Latest Stock Report on Two Harbors Investment
Two Harbors Investment Trading Down 4.7%
The company has a market capitalization of $1.10 billion, a P/E ratio of 5.02 and a beta of 1.33. The stock's 50 day moving average is $11.67 and its 200-day moving average is $12.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07.
Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The company had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. As a group, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.
Two Harbors Investment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 16.98%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's payout ratio is currently -352.94%.
Hedge Funds Weigh In On Two Harbors Investment
A number of institutional investors have recently bought and sold shares of TWO. Millennium Management LLC grew its holdings in Two Harbors Investment by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock worth $12,905,000 after purchasing an additional 996,188 shares during the period. Invesco Ltd. grew its holdings in Two Harbors Investment by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock worth $25,491,000 after purchasing an additional 478,958 shares during the period. Balyasny Asset Management L.P. grew its holdings in Two Harbors Investment by 19.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock worth $27,373,000 after purchasing an additional 371,436 shares during the period. Vanguard Group Inc. grew its holdings in Two Harbors Investment by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock worth $135,928,000 after purchasing an additional 329,762 shares during the period. Finally, Norges Bank purchased a new stake in Two Harbors Investment in the fourth quarter worth about $3,898,000. 64.19% of the stock is owned by institutional investors.
Two Harbors Investment Company Profile
(
Get Free Report)
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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