Two Harbors Investments (NYSE:TWO) Sees Unusually-High Trading Volume – Here’s Why

Two Harbors Investments Corp (NYSE:TWOGet Free Report) shares saw unusually-high trading volume on Monday . 3,610,001 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,919,974 shares.The stock last traded at $12.0550 and had previously closed at $12.09.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TWO. Weiss Ratings restated a “sell (d+)” rating on shares of Two Harbors Investments in a research report on Friday, July 24th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Compass Point restated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Royal Bank Of Canada lifted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Two Harbors Investments presently has an average rating of “Hold” and an average price target of $12.75.

Check Out Our Latest Stock Analysis on TWO

Two Harbors Investments Stock Performance

The firm has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $11.71. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The company has a market cap of $1.27 billion, a PE ratio of -16.29 and a beta of 1.04.

Two Harbors Investments (NYSE:TWOGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. On average, research analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s payout ratio is presently -66.22%.

Hedge Funds Weigh In On Two Harbors Investments

Several institutional investors and hedge funds have recently made changes to their positions in TWO. SG Americas Securities LLC bought a new stake in shares of Two Harbors Investments in the 4th quarter worth about $1,621,000. UBS Group AG increased its holdings in Two Harbors Investments by 42.3% in the fourth quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after buying an additional 464,929 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Two Harbors Investments during the fourth quarter valued at approximately $525,000. Credit Industriel ET Commercial bought a new position in Two Harbors Investments during the 1st quarter worth approximately $1,062,000. Finally, ABC Arbitrage SA acquired a new position in shares of Two Harbors Investments in the 4th quarter worth approximately $1,033,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Company Profile

(Get Free Report)

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.

Further Reading

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