Two Harbors Investment (NYSE:TWO) Trading 3.6% Higher - What's Next?

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) rose 3.6% during trading on Tuesday . The stock traded as high as $12.30 and last traded at $12.44. Approximately 327,580 shares changed hands during trading, a decline of 73% from the average daily volume of 1,194,294 shares. The stock had previously closed at $12.00.

Wall Street Analysts Forecast Growth

TWO has been the subject of several research reports. StockNews.com downgraded Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday. UBS Group lifted their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday. JMP Securities lowered their price target on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada lifted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Two Harbors Investment presently has an average rating of "Hold" and a consensus price target of $13.29.

Two Harbors Investment Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a market capitalization of $1.23 billion, a PE ratio of 5.63 and a beta of 1.36. The business's 50-day moving average price is $12.58 and its 200 day moving average price is $12.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Research analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.16%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's payout ratio is currently -352.94%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares of the company's stock, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently made changes to their positions in TWO. CWM LLC boosted its holdings in Two Harbors Investment by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 890 shares during the last quarter. Simplify Asset Management Inc. boosted its stake in shares of Two Harbors Investment by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after buying an additional 1,000 shares during the last quarter. Motiv8 Investments LLC grew its holdings in shares of Two Harbors Investment by 10.9% in the first quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 1,194 shares during the period. Sei Investments Co. increased its position in Two Harbors Investment by 1.3% during the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock valued at $1,656,000 after acquiring an additional 1,770 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in Two Harbors Investment by 4.0% in the fourth quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 2,384 shares during the last quarter. Institutional investors own 64.19% of the company's stock.

About Two Harbors Investment

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.