Two Harbors Investments (NYSE:TWO) Hits New 12-Month Low – What’s Next?

Two Harbors Investments Corp (NYSE:TWO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.98 and last traded at $11.9850, with a volume of 7738703 shares trading hands. The stock had previously closed at $12.03.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TWO. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. JPMorgan Chase & Co. lifted 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 report on Friday, July 17th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Compass Point restated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada raised their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Price Performance

The company has a 50-day moving average of $12.19 and a 200 day moving average of $11.64. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1.26 billion, a PE ratio of -16.20 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The company had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. Sell-side analysts predict that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

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

Institutional Trading of Two Harbors Investments

Several large investors have recently bought and sold shares of TWO. Ieq Capital LLC acquired a new stake in Two Harbors Investments in the 2nd quarter valued at about $153,000. NINE MASTS CAPITAL Ltd purchased a new position in Two Harbors Investments in the 2nd quarter worth approximately $1,124,000. BlackRock Inc. acquired a new position in shares of Two Harbors Investments during the 2nd quarter worth approximately $211,685,000. Deutsche Bank AG acquired a new position in shares of Two Harbors Investments during the 2nd quarter worth approximately $1,408,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Two Harbors Investments in the second quarter valued at approximately $531,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

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.