Two Harbors Investment Corp. (NYSE:TWO – Get Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 15,900,000 shares, an increase of 55.7% from the March 15th total of 10,210,000 shares. Based on an average trading volume of 4,810,000 shares, the short-interest ratio is currently 3.3 days.
In related news, CEO William Ross Greenberg sold 16,680 shares of the company’s stock in a transaction on Monday, January 31st. The shares were sold at an average price of $5.71, for a total value of $95,242.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Rebecca B. Sandberg sold 18,169 shares of the company’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of $5.68, for a total transaction of $103,199.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,847 shares of company stock worth $278,091. 0.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Two Harbors Investment by 6.6% in the fourth quarter. BlackRock Inc. now owns 61,013,289 shares of the real estate investment trust’s stock valued at $352,046,000 after acquiring an additional 3,795,483 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Two Harbors Investment in the fourth quarter valued at about $79,330,000. State Street Corp increased its stake in Two Harbors Investment by 12.9% in the fourth quarter. State Street Corp now owns 11,639,970 shares of the real estate investment trust’s stock valued at $69,118,000 after acquiring an additional 1,331,884 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Two Harbors Investment by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,062,761 shares of the real estate investment trust’s stock valued at $58,062,000 after acquiring an additional 410,506 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Two Harbors Investment by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,782,515 shares of the real estate investment trust’s stock valued at $44,906,000 after acquiring an additional 1,011,542 shares during the period. 69.46% of the stock is owned by institutional investors and hedge funds.
Shares of TWO traded up $0.04 during trading hours on Friday, reaching $5.14. 2,591,007 shares of the company traded hands, compared to its average volume of 4,327,378. The stock’s fifty day moving average is $5.24 and its 200 day moving average is $5.79. The stock has a market cap of $1.77 billion, a P/E ratio of 13.18 and a beta of 1.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17. Two Harbors Investment has a 1-year low of $4.76 and a 1-year high of $8.15.
Two Harbors Investment (NYSE:TWO – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The real estate investment trust reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Two Harbors Investment had a net margin of 111.05% and a return on equity of 15.39%. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities research analysts predict that Two Harbors Investment will post 0.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date is Friday, April 1st. Two Harbors Investment’s dividend payout ratio is currently 174.36%.
About Two Harbors Investment (Get Rating)
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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