Two Harbors Investments (NYSE:TWO) Sees Strong Trading Volume – Here’s What Happened

Shares of Two Harbors Investments Corp (NYSE:TWO) saw strong trading volume on Tuesday . 3,242,028 shares were traded during mid-day trading, an increase of 20% from the previous session’s volume of 2,699,656 shares.The stock last traded at $12.0150 and had previously closed at $12.03.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TWO. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Compass Point restated a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Two Harbors Investments presently has a consensus rating of “Hold” and an average price target of $12.75.

Two Harbors Investments Stock Performance

The company has a market cap of $1.27 billion, a P/E ratio of -16.27 and a beta of 1.04. The stock has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $11.63. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. On average, research analysts predict that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s payout ratio is presently -64.86%.

Institutional Trading of Two Harbors Investments

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. UBS Group AG grew its stake in Two Harbors Investments by 42.3% during the fourth quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock worth $16,426,000 after buying an additional 464,929 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Two Harbors Investments by 200.0% in the 1st quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $1,713,000 after buying an additional 100,000 shares in the last quarter. Credit Industriel ET Commercial bought a new stake in shares of Two Harbors Investments during the 1st quarter worth approximately $1,062,000. Quantinno Capital Management LP lifted its holdings in shares of Two Harbors Investments by 243.0% during the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after acquiring an additional 98,987 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in shares of Two Harbors Investments during the 4th quarter worth approximately $1,033,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.