Two Harbors Investment Corp. (NYSE: TWO – Get a Score) was the target of a large increase in short-term interest rates in March. At March 31, there was short-term interest of 15,900,000 shares, an increase of 55.7% from the total of 10,210,000 shares on March 15. Based on an average trading volume of 4,810,000 shares, the short-term interest rate index is currently 3.3 days.
In related news, CEO William Ross Greenberg sold 16,680 shares of the company in trading on Monday, January 31st. The shares were sold at an average price of $ 5.71, with a total value of $ 95,242.80. The sale was revealed in a legal deposit to the Hellenic Capital Market Commission, which is available through this link. Also, General Manager Rebecca B. Sandberg sold 18,169 shares of the company in trading on Monday, January 31st. The stock was sold at an average price of $ 5.68, for a total transaction of $ 103,199.92. You can find the notification for this sale here. In the last 90 days, the trustees sold 48,847 shares of the company worth $ 278,091. 0.80% of the share currently belongs to corporate confidential agents.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Two Harbors investment by 6.6% in the fourth quarter. BlackRock Inc. now holds 61,013,289 shares of the investment trust real estate stock valued at $ 352,046,000 after acquiring an additional 3,795,483 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Two Harbors Investment in the fourth quarter, valued at approximately $ 79,330,000. State Street Corp increased its stake in Two Harbors by 12.9% in the fourth quarter. State Street Corp now holds 11,639,970 shares of the investment trust real estate stock valued at $ 69,118,000 after acquiring an additional 1,331,884 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Two Harbors Investment by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,062,761 shares of the real estate investment trust stock valued at $ 58,062,000 after acquiring an additional 410,506 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Two Harbors Investment by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now holds 7,782,515 shares of the investment trust share in real estate worth $ 44,906,000 after acquiring an additional 1,011,542 shares during the period. 69.46% of the share belongs to institutional investors and hedge funds.
Some stockbrokers have recently issued TWO reports. StockNews.com started coverage for the shares of Two Harbors Investment in an exhibition on Thursday, March 31st. They issued a “sale” rating for the company. TheStreet downgraded its shares of Two Harbors Investment from a “c” rating to a “d +” in a research report on Wednesday, February 9th. Citigroup began covering the shares of Two Harbors Investment in a research report on Tuesday, January 4th. They set a “neutral” rating and a target price of $ 5.50 for the company. The Credit Suisse Group reduced the target price of Two Harbors Investment shares from $ 6.00 to $ 5.25 and set a “neutral” rating for the company in a research report on Tuesday, March 8. After all, Zacks Investment Research raises shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Friday, January 7th. One analyst has rated the stock with a sell rating, five have issued a holding rating and one rated the purchase of the company’s share. According to MarketBeat, the stock currently has an average “Hold” rating and a consensus target price of $ 6.01.
His shares TWO traded up $ 0.04 during trading hours on Friday, reaching $ 5.14. 2,591,007 shares of the company were traded in hands, against an average volume of 4,327,378. The stock’s fifty-day moving average is $ 5.24 and the 200-day moving average is $ 5.79. The stock has a market capitalization of $ 1.77 billion, a P / E index of 13.18 and a beta of 1.71. The company has a debt-to-equity ratio of 0.41, a fast index of 1.17 and a current ratio of 1.17. Two Harbors Investment has a 1-year low of $ 4.76 and a 1-year high of $ 8.15.
Two Harbors Investment (NYSE: TWO – Get a Score) announced its latest quarterly earnings data on Wednesday, February 9th. The real estate investment firm reported $ 0.22 EPS for the quarter, beating the Zacks consensus estimate of $ 0.18 by $ 0.04. Two Harbors Investment had a net margin of 111.05% and a return on equity of 15.39%. In the same quarter last year, the company earned $ 0.30 per share. On average, stock analysts predict that Two Harbors’s investment will hit EPS 0.85 this year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Record shareholders on Monday, April 4 will receive a dividend of $ 0.17 per share. This represents a dividend of $ 0.68 on an annual basis and a dividend yield of 13.23%. The dividend cut-off date is Friday, April 1. The dividend ratio of Two Harbors Investment is currently 174.36%.
About Two Harbors Investment (Get a Score)
Two Harbors Investment Corp. It is a real estate investment trust (REIT) that focuses on investing, financing and managing mortgage-backed securities (RMBS), non-agency securities, mortgage lending and other financial assets in the United States. Its target assets include the RMBS agency secured by fixed rate mortgages, adjustable interest rate mortgages and adjustable interest rate (ARM) hybrid mortgages. and other assets, such as financial and mortgage-related assets, including off-site securities and hedging transactions.
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