Two Harbors Investment Corp. (NYSE:TWO) Receives $14.90 Consensus Target Price from Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.90.

A number of research analysts have weighed in on the stock. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective on the stock. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.50 to $14.50 in a report on Friday, June 7th. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research note on Wednesday, August 28th.

Two Harbors Investment Trading Down 1.1 %

TWO opened at $13.94 on Friday. The stock has a 50-day moving average of $13.73 and a 200 day moving average of $13.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a 12 month low of $9.83 and a 12 month high of $14.59. The firm has a market cap of $1.44 billion, a P/E ratio of 7.83 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million during the quarter. During the same quarter last year, the firm posted ($0.04) EPS. As a group, research analysts forecast that Two Harbors Investment will post 0.46 EPS for the current year.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.91%. Two Harbors Investment’s payout ratio is 101.12%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 2,100 shares during the period. Cape Investment Advisory Inc. bought a new position in shares of Two Harbors Investment during the fourth quarter valued at approximately $58,000. PNC Financial Services Group Inc. increased its holdings in Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,306 shares during the period. QRG Capital Management Inc. bought a new position in Two Harbors Investment in the second quarter worth approximately $144,000. Finally, AQR Capital Management LLC purchased a new stake in Two Harbors Investment during the second quarter worth $147,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.