Two Harbors Investments (NYSE:TWO) Sets New 52-Week High – Time to Buy?

Two Harbors Investments Corp (NYSE:TWO) shares hit a new 52-week high on Monday . The stock traded as high as $12.18 and last traded at $12.18, with a volume of 51884 shares changing hands. The stock had previously closed at $12.05.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TWO. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, 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. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Trading Up 1.1%

The stock has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $11.59.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The company had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. As a group, equities analysts expect that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is presently -64.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TWO. JNBA Financial Advisors purchased a new position in shares of Two Harbors Investments in the second quarter valued at about $48,000. Triumph Capital Management bought a new stake in shares of Two Harbors Investments in the 2nd quarter worth approximately $60,000. Nykredit A S bought a new position in shares of Two Harbors Investments during the second quarter valued at approximately $61,000. Global Retirement Partners LLC purchased a new stake in shares of Two Harbors Investments in the 2nd quarter worth about $36,000. Finally, Quarry LP boosted its stake in shares of 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 in the last quarter. 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.