Short Interest in Two Harbors Investment Corp. (NYSE:TWO) Decreases By 15.9%

Two Harbors Investment Corp. (NYSE:TWOGet Rating) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 14,450,000 shares, a drop of 15.9% from the May 15th total of 17,190,000 shares. Based on an average trading volume of 4,420,000 shares, the short-interest ratio is presently 3.3 days.

Several equities research analysts have recently commented on TWO shares. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Credit Suisse Group cut their price target on Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a research note on Tuesday, March 8th. Finally, JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, April 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $5.81.

Shares of TWO stock traded up $0.14 during mid-day trading on Friday, reaching $4.47. The stock had a trading volume of 169,716 shares, compared to its average volume of 3,373,791. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.54 billion, a P/E ratio of 12.05 and a beta of 1.65. Two Harbors Investment has a 12-month low of $4.26 and a 12-month high of $8.15. The business has a 50-day simple moving average of $5.09 and a 200 day simple moving average of $5.39.

Two Harbors Investment (NYSE:TWOGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Two Harbors Investment had a return on equity of 16.21% and a net margin of 147.67%. The company had revenue of $22.53 million for the quarter, compared to analysts’ expectations of $27.42 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue was down 32.5% on a year-over-year basis. Research analysts anticipate that Two Harbors Investment will post 0.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Monday, April 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 15.21%. The ex-dividend date was Friday, April 1st. Two Harbors Investment’s dividend payout ratio (DPR) is 183.78%.

In related news, General Counsel Rebecca B. Sandberg sold 17,139 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $4.99, for a total value of $85,523.61. Following the completion of the transaction, the general counsel now directly owns 329,865 shares of the company’s stock, valued at $1,646,026.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mary Kathryn Riskey sold 15,114 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $4.97, for a total value of $75,116.58. Following the completion of the transaction, the chief financial officer now directly owns 221,223 shares of the company’s stock, valued at $1,099,478.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,421 shares of company stock worth $431,131. Insiders own 0.42% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in shares of Two Harbors Investment in the fourth quarter worth $28,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Two Harbors Investment in the first quarter worth $39,000. ML & R Wealth Management LLC acquired a new stake in shares of Two Harbors Investment in the first quarter worth $55,000. Satovsky Asset Management LLC acquired a new stake in shares of Two Harbors Investment in the first quarter worth $55,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Two Harbors Investment in the first quarter worth $58,000. 68.67% of the stock is owned by institutional investors.

About Two Harbors Investment (Get Rating)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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