A real-estate investment trust and a precious metals royalty company unveiled new stock sale plans, sending their shares lower.

Two Harbors Investment Corp. (TWO) plans to offer 25 million shares of common stock to acquire more assets. Its shares were down 3.2% at $9.20 after-hours. The REIT, which invests in residential mortgage-backed securities and other real-estate related assets, has repeatedly tapped equity markets in recent years, seeking funds to bulk up its portfolio. As of Nov. 4, the company had roughly 140.6 million shares outstanding.

Royal Gold Inc. (RGLD, RGL.T) agreed to sell 4 million shares to Goldman Sachs Group Inc. (GS) in an underwritten at-the-market public offering. Shares were down 3.3% at $68.56 after hours. The company plans to use proceeds to acquire additional royalty or similar interests, to repay debt and other purposes. As of Oct. 27, Royal Gold had about 54.8 million shares outstanding.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

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