Two Harbors Investments (NYSE:TWO) Shares Gap Up – Here’s Why

Two Harbors Investments Corp (NYSE:TWO)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.91, but opened at $10.84. Two Harbors Investments shares last traded at $11.0450, with a volume of 3,013,001 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on TWO shares. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. UBS Group reduced their target price on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Two Harbors Investments has an average rating of “Hold” and a consensus target price of $11.96.

Two Harbors Investments Trading Up 1.8%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average price of $9.87 and a two-hundred day moving average price of $10.08. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.52 and a beta of 1.20.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. The firm had revenue of ($18.67) million during the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. As a group, research analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Monday, January 5th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Monday, January 5th. Two Harbors Investments’s payout ratio is currently -54.40%.

Institutional Investors Weigh In On Two Harbors Investments

Hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new stake in Two Harbors Investments during the first quarter worth about $3,344,000. HighTower Advisors LLC purchased a new stake in shares of Two Harbors Investments in the 1st quarter valued at approximately $184,000. Smartleaf Asset Management LLC increased its holdings in shares of Two Harbors Investments by 233.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 4,552 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of Two Harbors Investments during the 1st quarter valued at approximately $403,000. Finally, Amundi lifted its holdings in Two Harbors Investments by 2.9% in the first quarter. Amundi now owns 766,733 shares of the real estate investment trust’s stock valued at $9,868,000 after acquiring an additional 21,531 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.