Two Harbors Investments (NYSE:TWO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Two Harbors Investments Corp (NYSE:TWO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.46 and traded as high as $12.43. Two Harbors Investments shares last traded at $12.4050, with a volume of 3,676,138 shares.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of analyst reports. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Zacks Research raised Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. downgraded Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $12.50 to $11.00 in a research note on Thursday, April 16th. Finally, Compass Point reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Two Harbors Investments has a consensus rating of “Reduce” and an average target price of $12.50.

Two Harbors Investments Stock Up 0.1%

The company’s 50-day moving average is $12.13 and its 200 day moving average is $11.46. The company has a market capitalization of $1.30 billion, a PE ratio of -3.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $225.08 million during the quarter, compared to analyst estimates of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. As a group, analysts anticipate that Two Harbors Investments Corp will post 0.8 EPS for the current year.

Two Harbors Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 annualized dividend and a dividend yield of 11.0%. Two Harbors Investments’s dividend payout ratio (DPR) is -35.60%.

Hedge Funds Weigh In On Two Harbors Investments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWO. Quarry LP boosted its stake in Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter worth $42,000. Ballast Advisors LLC bought a new position in shares of Two Harbors Investments during the first quarter valued at $50,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Two Harbors Investments during the fourth quarter valued at $68,000. 64.19% of the stock is owned by institutional investors.

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.