Two Harbors Investment Corp. (NYSE:TWO) Receives $14.18 Average PT from Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $14.18.

A number of research analysts recently weighed in on TWO shares. JMP Securities cut their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Royal Bank of Canada decreased their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Two Harbors Investment in the third quarter valued at $64,000. Simplify Asset Management Inc. bought a new position in Two Harbors Investment in the third quarter worth $134,000. QRG Capital Management Inc. acquired a new stake in Two Harbors Investment during the second quarter worth $144,000. Finally, AQR Capital Management LLC acquired a new stake in Two Harbors Investment during the second quarter worth $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

TWO stock opened at $11.95 on Wednesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -2.48 and a beta of 1.85. The firm has a 50 day moving average of $12.19 and a two-hundred day moving average of $13.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 12 month low of $11.28 and a 12 month high of $14.59.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The business had revenue of $112.64 million during the quarter. During the same period in the previous year, the company earned ($0.01) EPS. As a group, equities analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 15.06%. Two Harbors Investment’s payout ratio is -37.34%.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.