Shares of Two Harbors Investments Corp (NYSE:TWO) are scheduled to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 1st.

Shares of Two Harbors Investments Corp (NYSE:TWO) opened at 10.12 on Tuesday. The firm’s 50-day moving average price is $10.11 and its 200 day moving average price is $9.99. Two Harbors Investments Corp has a 1-year low of $8.20 and a 1-year high of $10.54. The company has a market capitalization of $3.53 billion, a PE ratio of 6.61 and a beta of 0.58.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The firm had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. During the same period last year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.28%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is 72.73%.

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Several research analysts have commented on TWO shares. BidaskClub raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group started coverage on shares of Two Harbors Investments Corp in a report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price target for the company. Finally, Maxim Group reissued a “buy” rating and issued a $10.25 price target on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Two Harbors Investments Corp currently has a consensus rating of “Buy” and an average target price of $9.95.

In related news, Director Brian Taylor acquired 32,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $10.06 per share, with a total value of $321,920.00. Following the acquisition, the director now owns 51,865 shares of the company’s stock, valued at approximately $521,761.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. acquired 14,772 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $19.10 per share, with a total value of $282,145.20. The disclosure for this purchase can be found here. Insiders have bought a total of 147,018 shares of company stock valued at $2,459,893 over the last ninety days. 1.16% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Optimum Investment Advisors lifted its holdings in shares of Two Harbors Investments Corp by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 117 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in shares of Two Harbors Investments Corp by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 162 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Two Harbors Investments Corp by 1.4% during the 2nd quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 175 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of Two Harbors Investments Corp by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 190 shares during the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of Two Harbors Investments Corp by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 262 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

About Two Harbors Investments Corp

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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