Two Harbors Investment Corp. (NYSE:TWO) Short Interest Update

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,220,000 shares, a growth of 25.8% from the October 15th total of 2,560,000 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 3.0 days.

Two Harbors Investment Stock Performance

Shares of TWO traded up $0.01 during mid-day trading on Friday, hitting $11.57. The stock had a trading volume of 376,114 shares, compared to its average volume of 1,109,191. The company has a market cap of $1.20 billion, a PE ratio of -2.39 and a beta of 1.87. Two Harbors Investment has a fifty-two week low of $11.28 and a fifty-two week high of $14.59. The company's fifty day simple moving average is $12.92 and its two-hundred day simple moving average is $13.13. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced 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 for the quarter. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities analysts expect that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.56%. Two Harbors Investment's dividend payout ratio (DPR) is currently -37.34%.

Institutional Trading of Two Harbors Investment

Several hedge funds have recently added to or reduced their stakes in TWO. Northwestern Mutual Wealth Management Co. boosted its stake in Two Harbors Investment by 1,680.0% in 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 in the last quarter. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment during the third quarter worth $134,000. QRG Capital Management Inc. bought a new position in Two Harbors Investment during the 2nd quarter worth about $144,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment in the 2nd 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. Institutional investors own 64.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. JMP Securities cut their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research report on Thursday, October 17th. Janney Montgomery Scott started coverage on Two Harbors Investment in a research report on Friday, August 16th. They set a "buy" rating and a $15.00 price objective for the company. Compass Point initiated coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They set a "buy" rating and a $15.75 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $14.32.

Two Harbors Investment Company Profile

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.