Two Harbors Investments (NYSE:TWO) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Two Harbors Investments Corp (NYSE:TWO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.57 and traded as high as $11.14. Two Harbors Investments shares last traded at $11.0990, with a volume of 4,242,774 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TWO shares. Compass Point lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Friday, March 27th. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Zacks Research downgraded Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Finally, UBS Group cut Two Harbors Investments from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $14.00 in a research report on Friday, January 23rd. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $12.88.

Two Harbors Investments Price Performance

The company has a market cap of $1.17 billion, a P/E ratio of -2.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $10.57.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. On average, analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 12.3%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -27.81%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Two Harbors Investments in the 3rd quarter worth about $25,000. Quarry LP raised its stake in 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 worth $34,000 after buying an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Two Harbors Investments by 34.5% in the fourth 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 in the last quarter. Advisory Services Network LLC purchased a new stake in Two Harbors Investments in the third quarter worth about $42,000. Finally, CWM LLC lifted its holdings in Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 4,482 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.