Two Harbors Investment (NYSE:TWO) Sets New 1-Year Low - Here's What Happened

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.15 and last traded at $11.19, with a volume of 97019 shares. The stock had previously closed at $11.44.

Analyst Ratings Changes

TWO has been the subject of several recent analyst reports. Compass Point reduced their price target on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. decreased their price target on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised Two Harbors Investment to a "sell" rating in a report on Thursday, December 12th. JMP Securities lowered their target price on 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, Royal Bank of Canada dropped their price target on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Two Harbors Investment has an average rating of "Hold" and an average price target of $13.71.

Two Harbors Investment Trading Down 1.3 %

The business has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $12.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.17 billion, a PE ratio of -2.34 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released 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). The business had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.94%. Two Harbors Investment's dividend payout ratio is presently -37.34%.

Institutional Trading of Two Harbors Investment

Institutional investors have recently modified their holdings of the company. Phocas Financial Corp. acquired a new position in shares of Two Harbors Investment during the third quarter worth about $3,505,000. Geode Capital Management LLC lifted its position in Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after acquiring an additional 48,264 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust's stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. Barclays PLC grew its position in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after acquiring an additional 133,869 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Two Harbors Investment during the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 64.19% of the company's stock.

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.