Two Harbors Investments (NYSE:TWO) Shares Cross Above 200 Day Moving Average – What’s Next?

Two Harbors Investments Corp (NYSE:TWO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.46 and traded as high as $12.43. Two Harbors Investments shares last traded at $12.4050, with a volume of 3,676,138 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TWO shares. Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Compass Point reissued a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $12.50.

Two Harbors Investments Trading Up 0.1%

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $12.13 and its 200 day moving average is $11.46. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -3.25 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The business had revenue of $225.08 million during the quarter, compared to the consensus estimate of $2.33 million. Research analysts predict that Two Harbors Investments Corp will post 0.8 EPS for the current year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.0%. Two Harbors Investments’s dividend payout ratio is presently -35.60%.

Hedge Funds Weigh In On Two Harbors Investments

A number of hedge funds have recently bought and sold shares of the business. Quarry LP increased its position in shares of Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 981 shares during the period. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments during the 3rd quarter valued at approximately $42,000. Ballast Advisors LLC purchased a new position in shares of Two Harbors Investments during the 1st quarter valued at approximately $50,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Two Harbors Investments in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

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.