Two Harbors Investment Corp. (NYSE:TWO) Receives $14.32 Average Price Target from Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four equities 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 brokers that have updated their coverage on the stock in the last year is $14.32.

A number of brokerages have issued reports on TWO. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada decreased their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point assumed coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They set a “buy” rating and a $15.75 price objective on the stock. Finally, JMP Securities reduced 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 note on Thursday, October 17th.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its holdings in Two Harbors Investment by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 944 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Two Harbors Investment by 8.7% in the first quarter. Texas Permanent School Fund Corp now owns 90,003 shares of the real estate investment trust’s stock valued at $1,192,000 after acquiring an additional 7,229 shares during the period. SG Americas Securities LLC raised its stake in shares of Two Harbors Investment by 64.9% during the first quarter. SG Americas Securities LLC now owns 13,188 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 5,188 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Two Harbors Investment by 14.7% during the first quarter. ProShare Advisors LLC now owns 20,927 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 2,688 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Two Harbors Investment by 39.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock worth $570,000 after purchasing an additional 10,960 shares during the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Up 0.2 %

TWO stock opened at $11.90 on Friday. Two Harbors Investment has a fifty-two week low of $11.28 and a fifty-two week high of $14.59. The stock’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $13.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.23 billion, a P/E ratio of -2.46 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data 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). The business had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the business earned ($0.01) earnings per share. On average, research analysts expect that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 15.13%. 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.