Shares of Two Harbors Investments Corp (NYSE:TWO – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 7,564,618 shares traded hands during mid-day trading, an increase of 151% from the previous session’s volume of 3,016,221 shares.The stock last traded at $12.0750 and had previously closed at $12.35.
Analysts Set New Price Targets
Several analysts have commented on TWO shares. Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th. Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.50.
Read Our Latest Stock Analysis on TWO
Two Harbors Investments Stock Down 2.2%
Two Harbors Investments (NYSE:TWO – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The firm had revenue of $225.08 million during the quarter, compared to analysts’ expectations of $2.33 million. On average, equities analysts anticipate that Two Harbors Investments Corp will post 0.8 earnings per share for the current year.
Two Harbors Investments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. Two Harbors Investments’s payout ratio is -35.60%.
Institutional Trading of Two Harbors Investments
A number of large investors 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 fourth quarter worth about $1,621,000. UBS Group AG lifted its holdings in shares of Two Harbors Investments by 42.3% during the 4th quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after purchasing an additional 464,929 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Two Harbors Investments during the 4th quarter valued at about $1,033,000. Gabelli Funds LLC acquired a new position in shares of Two Harbors Investments in the 4th quarter valued at approximately $525,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Two Harbors Investments in the 4th quarter valued at approximately $538,000. Institutional investors own 64.19% of the company’s stock.
Two Harbors Investments Company Profile
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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