Two Harbors Investment Corp. (NYSE:TWO) Short Interest Update

Two Harbors Investment Corp. (NYSE:TWO) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,630,000 shares, a decline of 22.0% from the January 15th total of 3,370,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TWO shares. JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday. Compass Point dropped their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment presently has an average rating of “Moderate Buy” and an average target price of $13.96.

Two Harbors Investment Trading Up 2.0 %

NYSE:TWO opened at $13.39 on Friday. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.27. The business’s 50-day moving average price is $11.96 and its two-hundred day moving average price is $12.61. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.34 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, equities analysts expect that Two Harbors Investment will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 13.45%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 5,025 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares in the company, valued at approximately $1,750,587.23. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. The trade was a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock worth $377,154 over the last three months. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors have recently modified their holdings of TWO. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment during the 2nd quarter valued at about $147,000. Teamwork Financial Advisors LLC bought a new position in shares of Two Harbors Investment during the 3rd quarter valued at about $173,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Two Harbors Investment by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock valued at $73,303,000 after purchasing an additional 84,038 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 180,516 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investment

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.