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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Two Harbors Investment (NYSE: TWO) hit a new 52-week high Wednesday as it is currently trading at $12.57, above its previous 52-week high of $12.55 with 760,567 shares traded as of 10:06 a.m. ET. Average volume has been 5.2 million shares over the past 30 days. Two Harbors Investment has a market cap of $3.64 billion and is part of the financial sector and real estate industry. Shares are up 11.4% year to date as of the close of trading on Tuesday. 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), residential mortgage loans, residential real properties, and other financial assets. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7.