Two Harbors Investments Corp (NYSE:TWO) Short Interest Update

Two Harbors Investments Corp (NYSE:TWO) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,920,018 shares, a drop of 32.8% from the July 30th total of 4,343,914 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 4,298,436 shares, the short-interest ratio is presently 0.7 days.

Two Harbors Investments Price Performance

TWO opened at $12.18 on Wednesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. Two Harbors Investments has a fifty-two week low of $11.98 and a fifty-two week high of $12.19. The company’s 50-day moving average price is $12.12 and its 200 day moving average price is $11.63. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, sell-side analysts expect that Two Harbors Investments will post 0.89 earnings per share for the current 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 issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a dividend yield of 11.2%. Two Harbors Investments’s dividend payout ratio (DPR) is -64.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JNBA Financial Advisors acquired a new stake in Two Harbors Investments in the second quarter worth $48,000. Triumph Capital Management acquired a new position in shares of Two Harbors Investments during the second quarter valued at $60,000. Nykredit A S bought a new position in shares of Two Harbors Investments during the second quarter worth about $61,000. Global Retirement Partners LLC bought a new stake in Two Harbors Investments in the 2nd quarter valued at about $36,000. Finally, Quarry LP boosted its stake in 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 during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Royal Bank Of Canada boosted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. BTIG Research reissued a “neutral” rating on shares of Two Harbors Investments in a research report on Wednesday, August 26th. Finally, Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Two Harbors Investments currently has a consensus rating of “Hold” and an average price target of $12.75.

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.