Two Harbors Investment Corp. (NYSE:TWO – Get Rating) shares reached a new 52-week low on Friday . The company traded as low as $4.26 and last traded at $4.26, with a volume of 36017 shares changing hands. The stock had previously closed at $4.41.
Analysts Set New Price Targets
Separately, JMP Securities restated a “buy” rating and issued a $5.50 price target on shares of Two Harbors Investment in a research note on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.65.
Two Harbors Investment Trading Down 3.6 %
The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.07 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a fifty day moving average price of $4.99 and a 200-day moving average price of $5.06.
Two Harbors Investment Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 16.00%. The ex-dividend date is Friday, September 30th. Two Harbors Investment’s dividend payout ratio (DPR) is currently 113.33%.
Institutional Trading of Two Harbors Investment
Several large investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in Two Harbors Investment in the second quarter valued at about $96,000. Legal & General Group Plc boosted its stake in shares of Two Harbors Investment by 0.9% during the second quarter. Legal & General Group Plc now owns 1,021,380 shares of the real estate investment trust’s stock valued at $5,086,000 after purchasing an additional 9,564 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Two Harbors Investment during the second quarter valued at about $403,000. International Assets Investment Management LLC acquired a new stake in shares of Two Harbors Investment during the second quarter valued at about $226,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Two Harbors Investment by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 266,376 shares of the real estate investment trust’s stock valued at $1,327,000 after purchasing an additional 3,795 shares in the last quarter. 63.99% of the stock is owned by institutional investors and hedge funds.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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