Two Harbors Investment Corp (NYSE:TWO) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 9,637,200 shares, an increase of 26.5% from the May 30th total of 7,618,600 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily volume of 2,970,000 shares, the short-interest ratio is presently 3.2 days.
Institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in Two Harbors Investment by 14.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 30,862 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 3,936 shares in the last quarter. Two Sigma Investments LP boosted its stake in Two Harbors Investment by 41.4% in the fourth quarter. Two Sigma Investments LP now owns 734,881 shares of the real estate investment trust’s stock worth $9,436,000 after buying an additional 215,241 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Two Harbors Investment in the first quarter worth approximately $939,000. Edge Capital Group LLC purchased a new stake in Two Harbors Investment in the fourth quarter worth approximately $385,000. Finally, Bank of Montreal Can boosted its stake in Two Harbors Investment by 23.2% in the first quarter. Bank of Montreal Can now owns 53,591 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 10,102 shares in the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on TWO shares. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Nomura decreased their price objective on shares of Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.89.
Shares of TWO opened at $13.13 on Friday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 6.60 and a beta of 0.63. The stock has a 50 day moving average price of $12.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.31 and a current ratio of 1.31. Two Harbors Investment has a 1 year low of $12.06 and a 1 year high of $16.09.
Two Harbors Investment (NYSE:TWO) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $82.00 million during the quarter, compared to analyst estimates of $84.64 million. Two Harbors Investment had a positive return on equity of 14.23% and a negative net margin of 35.93%. Two Harbors Investment’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts anticipate that Two Harbors Investment will post 1.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Monday, July 1st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.19%. The ex-dividend date is Friday, June 28th. Two Harbors Investment’s dividend payout ratio is currently 81.22%.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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