Two Harbors Investment Corp. (NYSE:TWO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Two Harbors Investment Corp. (NYSE:TWO) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.71.

TWO has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. JMP Securities dropped their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. Finally, Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its position in Two Harbors Investment by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 1,000 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 1,230 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Two Harbors Investment by 1,680.0% during 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 during the period. The Manufacturers Life Insurance Company grew its position in Two Harbors Investment by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 2,519 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Down 0.5 %

TWO stock opened at $11.74 on Friday. The stock has a 50-day simple moving average of $11.87 and a two-hundred day simple moving average of $12.90. Two Harbors Investment has a twelve month low of $11.28 and a twelve month high of $14.27. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 1.85. 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 (NYSE:TWO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share 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 firm had revenue of $112.64 million for the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.33%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -37.34%.

Two Harbors Investment Company Profile

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.