Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) were down 4.4% during mid-day trading on Friday . The company traded as low as $10.56 and last traded at $10.64. Approximately 647,206 shares changed hands during trading, a decline of 48% from the average daily volume of 1,240,556 shares. The stock had previously closed at $11.12.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on TWO shares. JPMorgan Chase & Co. cut their target price on 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. JMP Securities lowered their price target on 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. UBS Group upped their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank of Canada lowered their price target on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday. Finally, Wall Street Zen cut Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $13.14.
View Our Latest Analysis on Two Harbors Investment
Two Harbors Investment Trading Down 4.7%
The business has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $12.19. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 5.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The company had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current year.
Two Harbors Investment Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is presently -352.94%.
Institutional Investors Weigh In On Two Harbors Investment
Hedge funds have recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Two Harbors Investment by 68.4% during 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. Sterling Capital Management LLC boosted its holdings in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth $40,000. Montag A & Associates Inc. boosted its holdings in shares of Two Harbors Investment by 29.2% during the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 1,193 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 3,077 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.
About Two Harbors Investment
(
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.
Further Reading
Before you consider Two Harbors Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Two Harbors Investment wasn't on the list.
While Two Harbors Investment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
