Two Harbors Investments Corp (NYSE:TWO – Get Free Report) shares saw an uptick in trading volume on Tuesday . 3,242,028 shares were traded during trading, an increase of 20% from the previous session’s volume of 2,699,656 shares.The stock last traded at $12.0150 and had previously closed at $12.03.
Analyst Ratings Changes
A number of brokerages have weighed in on TWO. JPMorgan Chase & Co. raised their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Compass Point reiterated a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Royal Bank Of Canada raised their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Finally, Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.75.
Check Out Our Latest Analysis on Two Harbors Investments
Two Harbors Investments Trading Down 0.3%
Two Harbors Investments (NYSE:TWO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, research analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current year.
Two Harbors Investments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 11.3%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s payout ratio is presently -64.86%.
Hedge Funds Weigh In On Two Harbors Investments
A number of large investors have recently modified their holdings of TWO. Quarry LP grew its stake in shares of Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Two Harbors Investments in the 2nd quarter worth $36,000. Smartleaf Asset Management LLC increased its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments during the 3rd quarter worth $42,000. Finally, Ballast Advisors LLC purchased a new position in shares of Two Harbors Investments during the 1st quarter worth $50,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.
About Two Harbors Investments
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.
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