Two Harbors Investments (NYSE:TWO) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Two Harbors Investments Corp (NYSE:TWO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.14 and traded as high as $12.41. Two Harbors Investments shares last traded at $12.3850, with a volume of 1,074,173 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Compass Point cut Two Harbors Investments from a “buy” rating to a “neutral” rating in a report on Friday, March 27th. Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut Two Harbors Investments from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $12.50 to $11.00 in a report on Thursday, April 16th. Finally, Zacks Research raised Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Two Harbors Investments currently has an average rating of “Reduce” and a consensus price target of $12.33.

Two Harbors Investments Stock Up 0.4%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $11.14. The firm has a market capitalization of $1.30 billion, a PE ratio of -3.24 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. As a group, sell-side analysts forecast that Two Harbors Investments Corp will post 0.8 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, April 15th. Shareholders of record on Thursday, April 2nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Two Harbors Investments’s payout ratio is -35.60%.

Hedge Funds Weigh In On Two Harbors Investments

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the period. Intech Investment Management LLC increased its stake in shares of Two Harbors Investments by 1.4% during the third quarter. Intech Investment Management LLC now owns 85,985 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 1,202 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Two Harbors Investments by 11.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,261 shares during the period. Osaic Holdings Inc. increased its stake in shares of Two Harbors Investments by 11.1% during the second quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 1,309 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Two Harbors Investments by 12.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 1,663 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.