Two Harbor Investment Corp. (NYSE: TWO) was subject to unusual activity in options trading on Thursday. Stock traders purchased 10,196 call options for the company. This represents an increase of about 976% over a typical daily volume of 948 calls.
Several stock analysts have recently released stock reports. In an analytical report on Friday May 7, BTIG Research confirmed its Hold rating on Two Harbors Investment. TheStreet upgraded Two Harbors Investment’s stock rating from ‘d’ to ‘c’ in a research report on Wednesday, May 26th. Finally, Zacks Investment Research raised its rating on Two Harbors Investment from Sell to Hold in a research note on Saturday, May 22nd. Eight stock market analysts rated the stock with a holding rating and one with a buy rating for the company’s stock. The stock currently has an average Hold rating and an agreed price target of $ 6.79.
In other news from Two Harbor Investment, director Thomas Searing sold 200,000 shares of the company in a deal closed on Thursday, May 13th. The shares were sold at an average price of US $ 6.98 for a total of US $ 1,396,000. Following the transaction, the director now owns 549,706 shares of the company for $ 3,836,947.88. The deal was announced in filing with the SEC, available at this hyperlink. 0.84% of the shares are currently owned by insiders.
Several institutional investors and hedge funds have recently increased or decreased their stakes in the company. Massachusetts Financial Services Co. Massachusetts increased its holdings in Two Harbors Investment by 12.3% during the first quarter. Massachusetts Financial Services Co. MA currently holds 9,108,729 shares in a real estate investment fund for $ 66,767,000 after acquiring an additional 994,768 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Two Harbors Investment shares by 21.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 6,871,391 shares in a $ 43,771,000 real estate investment fund following the acquisition of an additional 1,191,496 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Two Harbors Investment shares by 2.1% in the fourth quarter. Nuveen Asset Management LLC now holds 4,324,503 shares in a real estate investment fund valued at US $ 27,547,000 after acquiring an additional 90,432 shares during the last quarter. Geode Capital Management LLC increased its stakes in Two Harbor Investment by 8.8% during the first quarter. Geode Capital Management LLC now owns 4,311,792 shares in a $ 31,605,000 real estate investment fund following the purchase of an additional 348,242 shares in the last quarter. Finally, in the fourth quarter, Norges Bank acquired a new stake in Two Harbors Investment for approximately $ 19,613,000. 59.08% of the shares are held by hedge funds and other institutional investors.
NYSE TWO shares opened at $ 7.61 on Friday. The company’s 50-day moving average price is $ 7.37. The company has a market cap of $ 2.08 billion, a P / E ratio of 5.60 and a beta of 1.82. Two Harbor Investment has a minimum of $ 4.62 in 52 weeks, and $ 7.89 in 52 weeks. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt to equity ratio of 0.43.
Two Harbor Investment (NYSE: TWO) last released financial results on Wednesday, May 5th. The real estate investment fund reported earnings per share of $ 0.17 for the quarter, down $ 0.04 below the consensus estimate of $ 0.21. Two Harbors Investment had a return on equity of 13.10% and a net margin of 147.30%. Equity analysts predict that Two Harbors Investment will generate 0.86 earnings per share this year.
The company also recently disclosed its quarterly dividend, which was paid on Thursday, April 29th. Shareholders, registered on Monday, March 29, received a dividend of $ 0.17 per share. The ex-dividend date is Friday, March 26th. This represents an annual dividend of $ 0.68 and a dividend yield of 8.94%. The payout ratio of Two Harbor Investment is 87.18%.
Investment in two harbors
Two Harbors Investment Corp. operates as a real estate investment fund (REIT) that specializes in investing, financing and managing residential mortgage-backed securities (RMBS), non-agent securities, mortgage rights, and other financial assets in the United States. States. Its target assets include RMBS, backed by fixed rate mortgages, adjustable rate mortgages and adjustable rate hybrid (ARM) mortgages; and other assets such as financial and mortgage assets, including non-agency securities and non-hedging transactions.
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