Two Harbors Investment Corp. (NYSE: TWO) stock fell -3.22% on Wednesday to $12.03 against a previous-day closing price of $12.43. With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $12.37 whereas the lowest price it dropped to was $12.02. The 52-week range on TWO shows that it touched its highest point at $21.84 and its lowest point at $11.59 during that stretch. It currently has a 1-year price target of $14.29. With its current market cap of 1.17 billion, TWO has annualized dividend of $2.40 while the current yield stands at 19.95%. Beta for the stock currently stands at 1.76.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TWO was down-trending over the past week, with a drop of -2.12%, but this was down by -10.82% over a month. Three-month performance dropped to -28.90% while six-month performance fell -25.28%. The stock lost -40.91% in the past year, while it has lost -23.72% so far this year. A look at the trailing 12-month EPS for TWO yields -3.25 with Next year EPS estimates of 2.40. For the next quarter, that number is 0.56. This implies an EPS growth rate of 24.10% for this year and 22.81% for next year. EPS is expected to grow by 3.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.10%.
Float and Shares Shorts:
At present, 92.58 million TWO shares are outstanding with a float of 85.75 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.39 million, which was 3.51% higher than short shares on Mar 30, 2023. In addition to Mr. William Ross Greenberg as the firm’s Pres, CEO & Director, Ms. Mary Kathryn Riskey serves as its VP & CFO.
Institutional Ownership:
Through their ownership of 58.98% of TWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.57% of TWO, in contrast to 20.02% held by mutual funds. Shares owned by individuals account for 0.88%. As the largest shareholder in TWO with 16.35% of the stake, BlackRock Fund Advisors holds 15,791,893 shares worth 15,791,893. A second-largest stockholder of TWO, The Vanguard Group, Inc., holds 10,715,905 shares, controlling over 11.09% of the firm’s shares. Allspring Global Investments LLC is the third largest shareholder in TWO, holding 5,038,613 shares or 5.22% stake. With a 7.24% stake in TWO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,990,335 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 4.23% of TWO stock, is the second-largest Mutual Fund holder. It holds 4,089,086 shares valued at 56.96 million. Vanguard Total Stock Market ETF holds 3.05% of the stake in TWO, owning 2,950,722 shares worth 41.1 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TWO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TWO analysts setting a high price target of $16.00 and a low target of $13.00, the average target price over the next 12 months is $14.38. Based on these targets, TWO could surge 33.0% to reach the target high and rise by 8.06% to reach the target low. Reaching the average price target will result in a growth of 19.53% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TWO stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 8,459 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 381,133 while 40,241 shares were sold.
