Two Harbors Investment (NYSE:TWO) Reaches New 52-Week Low - Time to Sell?

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.74 and last traded at $11.03, with a volume of 576619 shares changing hands. The stock had previously closed at $11.54.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. JMP Securities restated a "market outperform" rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods cut their target price on shares of Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.81.

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Two Harbors Investment Price Performance

The company has a 50 day moving average of $13.16 and a 200 day moving average of $12.45. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.08 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities research analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 16.78%. The ex-dividend date is Friday, April 4th. Two Harbors Investment's dividend payout ratio is currently 85.31%.

Insider Activity

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the sale, the insider now owns 146,803 shares of the company's stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total value of $64,713.36. Following the sale, the executive now owns 168,935 shares of the company's stock, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,163 shares of company stock valued at $154,005 in the last ninety days. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TWO. Simplify Asset Management Inc. raised its stake in shares of Two Harbors Investment by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after acquiring an additional 1,000 shares during the period. Sei Investments Co. increased its holdings in Two Harbors Investment by 1.3% in the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock valued at $1,656,000 after purchasing an additional 1,770 shares in the last quarter. MetLife Investment Management LLC raised its position in Two Harbors Investment by 4.0% in the fourth quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 2,384 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after buying an additional 3,077 shares during the period. 64.19% of the stock is owned by institutional investors and hedge funds.

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.