Two Harbors Investments Corp (NYSE:TWO) Short Interest Update

Two Harbors Investments Corp (NYSE:TWO) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,920,018 shares, a decrease of 32.8% from the July 30th total of 4,343,914 shares. Based on an average trading volume of 4,298,436 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JNBA Financial Advisors acquired a new stake in Two Harbors Investments in the second quarter worth about $48,000. Triumph Capital Management acquired a new position in shares of Two Harbors Investments during the second quarter valued at about $60,000. Nykredit A S acquired a new position in shares of Two Harbors Investments during the second quarter valued at about $61,000. Global Retirement Partners LLC purchased a new position in shares of Two Harbors Investments in the 2nd quarter valued at approximately $36,000. Finally, Quarry LP raised its position in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,991 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Stock Performance

Shares of Two Harbors Investments stock remained flat at $12.18 on Tuesday. The business has a 50-day moving average price of $12.13 and a 200-day moving average price of $11.62. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. Two Harbors Investments has a 52 week low of $11.98 and a 52 week high of $12.19. The company has a market capitalization of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The firm had revenue of $247.57 million during the quarter, compared to analyst estimates of $9.45 million. On average, research analysts predict that Two Harbors Investments will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is currently -64.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TWO shares. BTIG Research restated a “neutral” rating on shares of Two Harbors Investments in a report on Wednesday, August 26th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada increased their target price on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Two Harbors Investments currently has an average rating of “Hold” and a consensus price target of $12.75.

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.