Two Harbors Investments Corp (NYSE:TWO – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $12.03 and last traded at $12.0450, with a volume of 64648 shares changing hands. The stock had previously closed at $12.03.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on TWO shares. 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. JPMorgan Chase & Co. lifted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Royal Bank Of Canada upped their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Two Harbors Investments in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.75.
View Our Latest Stock Report on Two Harbors Investments
Two Harbors Investments Trading Up 0.5%
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 EPS for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The company had revenue of $247.57 million during the quarter, compared to analyst estimates of $9.45 million. As a group, equities research analysts anticipate that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.
Two Harbors Investments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s payout ratio is presently -64.86%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Two Harbors Investments during the 2nd quarter worth $36,000. Quarry LP lifted 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 worth $34,000 after buying an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 981 shares in the last quarter. Advisory Services Network LLC acquired a new position in Two Harbors Investments during the third quarter worth about $42,000. Finally, Ballast Advisors LLC acquired a new position in Two Harbors Investments during the first quarter worth about $50,000. 64.19% of the stock is 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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