Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $11.47 and last traded at $11.48, with a volume of 328071 shares changing hands. The stock had previously closed at $11.50.
Wall Street Analysts Forecast Growth
TWO has been the subject of a number of recent analyst reports. StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Tuesday. Royal Bank of Canada cut their target price on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a "buy" rating and a $15.00 price target on the stock. Compass Point started coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.32.
View Our Latest Stock Analysis on Two Harbors Investment
Two Harbors Investment Stock Down 0.8 %
The business has a 50-day simple moving average of $13.34 and a 200-day simple moving average of $13.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.07. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 1.85.
Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million during the quarter. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities analysts anticipate that Two Harbors Investment Corp. will post 0.7 earnings per share for the current fiscal year.
Two Harbors Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 15.78%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio (DPR) is presently -37.34%.
Institutional Investors Weigh In On Two Harbors Investment
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust's stock worth $154,997,000 after purchasing an additional 1,135,012 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Two Harbors Investment by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust's stock valued at $73,303,000 after acquiring an additional 84,038 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Two Harbors Investment by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust's stock valued at $18,516,000 after acquiring an additional 801,837 shares during the last quarter. Van ECK Associates Corp boosted its stake in Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock valued at $11,324,000 after acquiring an additional 278,666 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Two Harbors Investment by 1.1% during the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust's stock worth $4,106,000 after purchasing an additional 3,408 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.
Two Harbors Investment Company Profile
(
Get Free Report)
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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