Two Harbors Investments (NYSE:TWO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Two Harbors Investments Corp (NYSE:TWO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.57 and traded as high as $11.14. Two Harbors Investments shares last traded at $11.0990, with a volume of 4,242,774 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Compass Point lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Friday, March 27th. UBS Group cut shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $14.00 in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.88.

Two Harbors Investments Stock Down 0.2%

The stock has a 50-day moving average of $10.89 and a two-hundred day moving average of $10.57. The company has a market cap of $1.17 billion, a P/E ratio of -2.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. On average, research analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.3%. Two Harbors Investments’s dividend payout ratio is -27.81%.

Hedge Funds Weigh In On Two Harbors Investments

A number of large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of Two Harbors Investments during the first quarter valued at about $344,000. Millennium Management LLC increased its holdings in shares of Two Harbors Investments by 10.6% in the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after buying an additional 115,698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Two Harbors Investments by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock valued at $1,933,000 after acquiring an additional 28,535 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Two Harbors Investments by 54.4% in the 1st quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 32,361 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Two Harbors Investments by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 282,488 shares of the real estate investment trust’s stock valued at $3,042,000 after acquiring an additional 2,471 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

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.