Two Harbors Investments (NYSE:TWO) Hits New 52-Week Low - What's Next?

Shares of Two Harbors Investments Corp (NYSE:TWO - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $10.15 and last traded at $10.15, with a volume of 675373 shares trading hands. The stock had previously closed at $10.28.

Analysts Set New Price Targets

TWO has been the subject of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. UBS Group decreased their target price on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a report on Thursday. Finally, Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Two Harbors Investments has a consensus rating of "Hold" and a consensus price target of $13.00.

Two Harbors Investments Stock Performance

The company has a market capitalization of $1.05 billion, a PE ratio of -19.85 and a beta of 1.26. The company has a 50 day moving average of $10.95 and a two-hundred day moving average of $11.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.05.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The business had revenue of ($20.33) million during the quarter, compared to analysts' expectations of ($28.53) million. As a group, equities research analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 15.41%. Two Harbors Investments's dividend payout ratio (DPR) is presently -305.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in Two Harbors Investments 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. Sterling Capital Management LLC boosted its position in Two Harbors Investments by 818.5% in 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 bought a new position in shares of Two Harbors Investments in the fourth quarter worth about $40,000. Montag A & Associates Inc. raised its stake in shares of Two Harbors Investments by 29.2% in the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after buying an additional 1,193 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 233.0% in the first quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock worth $86,000 after buying an additional 4,552 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

About Two Harbors Investments

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.