Two Harbors Investment (NYSE:TWO) Sees Strong Trading Volume - Here's What Happened

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 2,058,192 shares were traded during mid-day trading, an increase of 90% from the previous session's volume of 1,083,173 shares.The stock last traded at $12.22 and had previously closed at $12.81.

Analyst Ratings Changes

TWO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Sunday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a "neutral" rating in a report on Tuesday, July 16th. Compass Point initiated coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price objective on the stock. JMP Securities lowered their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a report on Thursday, October 17th. Finally, Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a "buy" rating and a $15.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.96.

Two Harbors Investment Stock Performance

The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 29.59 and a beta of 1.85. The stock's fifty day moving average is $13.51 and its two-hundred day moving average is $13.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, analysts predict that Two Harbors Investment Corp. will post 0.7 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 15.04%. Two Harbors Investment's dividend payout ratio (DPR) is 439.02%.

Hedge Funds Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 2,100 shares during the period. PNC Financial Services Group Inc. boosted its position in Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 2,306 shares during the period. QRG Capital Management Inc. bought a new position in Two Harbors Investment during the second quarter worth $144,000. AQR Capital Management LLC bought a new stake in shares of Two Harbors Investment in the second quarter valued at about $147,000. Finally, Legacy Financial Strategies LLC bought a new stake in shares of Two Harbors Investment in the second quarter valued at about $170,000. 64.19% of the stock is owned by institutional investors.

About Two Harbors Investment

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.