Two Harbors Investment (NYSE:TWO) Hits New 52-Week Low – What’s Next?

Two Harbors Investment Corp. (NYSE:TWO)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $11.15 and last traded at $11.19, with a volume of 97019 shares trading hands. The stock had previously closed at $11.44.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TWO shares. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. JMP Securities cut their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, Compass Point cut their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price of $13.71.

Two Harbors Investment Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.34 and a beta of 1.83. The business has a 50-day moving average price of $11.72 and a 200-day moving average price of $12.83.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the prior year, the business posted ($0.01) EPS. As a group, sell-side analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.93%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,100 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter worth about $64,000. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at about $134,000. AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the 2nd quarter valued at about $147,000. Finally, QRG Capital Management Inc. raised its holdings in Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.