Two Harbors Investment (NYSE:TWO) Hits New 52-Week Low – Should You Sell?

Two Harbors Investment Corp. (NYSE:TWO) shares reached a new 52-week low on Monday . The company traded as low as $10.74 and last traded at $11.03, with a volume of 576619 shares trading hands. The stock had previously closed at $11.54.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.81.

Two Harbors Investment Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The business has a fifty day moving average of $13.29 and a 200-day moving average of $12.52. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.15 and a beta of 1.36.

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

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 16.56%. Two Harbors Investment’s dividend payout ratio is currently 85.31%.

Insider Activity

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 23,674 shares of company stock worth $271,037. Insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

Several large investors have recently added to or reduced their stakes in TWO. Millennium Management LLC boosted its position in shares of Two Harbors Investment by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust’s stock worth $12,905,000 after buying an additional 996,188 shares during the period. Invesco Ltd. lifted its stake in Two Harbors Investment by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock worth $25,491,000 after acquiring an additional 478,958 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Two Harbors Investment by 19.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock worth $27,373,000 after acquiring an additional 371,436 shares during the period. Vanguard Group Inc. grew its stake in Two Harbors Investment by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after acquiring an additional 329,762 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Two Harbors Investment in the 4th quarter valued at about $3,898,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.