Two Harbors Investments (NYSE:TWO) Sees Unusually-High Trading Volume – What’s Next?

Shares of Two Harbors Investments Corp (NYSE:TWO) saw strong trading volume on Thursday . Approximately 7,564,618 shares changed hands during trading, an increase of 151% from the previous session’s volume of 3,016,221 shares.The stock last traded at $12.0750 and had previously closed at $12.35.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $12.50 to $11.00 in a report on Thursday, April 16th. Compass Point restated a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. 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. Finally, Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $12.50.

Two Harbors Investments Stock Performance

The business has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $11.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1.27 billion, a PE ratio of -3.16 and a beta of 1.03.

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

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 11.3%. The ex-dividend date is Thursday, July 2nd. Two Harbors Investments’s payout ratio is -35.60%.

Institutional Trading of Two Harbors Investments

Several hedge funds have recently modified their holdings of TWO. Millennium Management LLC grew its position in shares of Two Harbors Investments by 45.3% in the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after buying an additional 1,415,062 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Two Harbors Investments by 490.7% in the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares during the last quarter. Invesco Ltd. grew its holdings in Two Harbors Investments by 44.5% in the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after purchasing an additional 815,931 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Two Harbors Investments by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock worth $26,098,000 after purchasing an additional 21,212 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Two Harbors Investments during the fourth quarter worth $23,886,000. 64.19% of the stock is owned by hedge funds and other 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.