Somewhat Positive Press Coverage Somewhat Unlikely to Affect Two Harbors Investment (TWO) Share Price
Media stories about Two Harbors Investment (NYSE:TWO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Two Harbors Investment earned a news impact score of 0.07 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2867771254342 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Two Harbors Investment Corp (TWO) Plans $0.47 Quarterly Dividend (americanbankingnews.com)
- Two Harbors Investment Corp. Announces Fourth Quarter 2017 Common and Preferred Stock Dividends – Business Wire (press release) (businesswire.com)
- Two Harbors Investment Corp. Announces Estimated 2017 Dividend Tax Information (markets.financialcontent.com)
- Technical Indicators under Review – Two Harbors Investment Corp., (NYSE: TWO) – Stock Watch (stocksnewstimes.com)
Two Harbors Investment (TWO) traded up $0.29 during mid-day trading on Friday, reaching $16.52. The company’s stock had a trading volume of 6,302,780 shares, compared to its average volume of 2,062,005. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2,882.56, a price-to-earnings ratio of 7.90 and a beta of 0.57. Two Harbors Investment has a 52 week low of $15.21 and a 52 week high of $33.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Friday, December 22nd. Two Harbors Investment’s dividend payout ratio is currently 72.26%.
A number of equities analysts recently commented on TWO shares. B. Riley restated a “neutral” rating on shares of Two Harbors Investment in a report on Wednesday, November 1st. Barclays raised their target price on Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $17.00 target price (down from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. Zacks Investment Research cut Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, ValuEngine cut Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.50.
In related news, Director William Reid Sanders purchased 5,000 shares of Two Harbors Investment stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $15.53 per share, with a total value of $77,650.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian Taylor purchased 9,500 shares of Two Harbors Investment stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. Insiders acquired a total of 144,144 shares of company stock worth $2,652,253 in the last ninety days. 1.16% of the stock is owned by corporate insiders.
About Two Harbors Investment
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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