Two Harbors Investment Corp. (NYSE:TWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.81.

Several research analysts recently issued reports on TWO shares. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada raised their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd.

Insider Activity at Two Harbors Investment

In related news, CIO Nicholas Letica sold 5,737 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now directly owns 168,935 shares in the company, valued at $1,905,586.80. The trade was a 3.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca B. Sandberg sold 2,561 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,163 shares of company stock valued at $154,005 over the last 90 days. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Two Harbors Investment by 1,983.8% during the first quarter. GAMMA Investing LLC now owns 21,109 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 20,096 shares during the last quarter. Wolverine Trading LLC lifted its position in Two Harbors Investment by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 9,443 shares during the period. ProShare Advisors LLC grew its stake in Two Harbors Investment by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 31,290 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 9,631 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Two Harbors Investment by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust’s stock valued at $12,905,000 after purchasing an additional 996,188 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Two Harbors Investment by 9.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 790,316 shares of the real estate investment trust’s stock worth $9,349,000 after purchasing an additional 67,325 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 0.0 %

Shares of TWO opened at $10.73 on Tuesday. The firm has a fifty day moving average price of $13.16 and a 200-day moving average price of $12.45. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.12 billion, a P/E ratio of 5.08 and a beta of 1.36. Two Harbors Investment has a 12-month low of $10.16 and a 12-month high of $14.28.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Equities research analysts expect that Two Harbors Investment will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 16.78%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment’s payout ratio is currently 85.31%.

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.