Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Target Price at $14.32

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.32.

A number of equities research analysts have issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Compass Point began coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price for the company. 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. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Two Harbors Investment Stock Down 0.2 %

TWO stock opened at $11.61 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. Two Harbors Investment has a 52-week low of $11.28 and a 52-week high of $14.59. The company has a 50-day moving average of $13.01 and a two-hundred day moving average of $13.15. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -2.43 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results 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 negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million for the quarter. During the same period last year, the business earned ($0.01) EPS. As a group, equities research analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.50%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is -37.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after purchasing an additional 1,135,012 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Two Harbors Investment by 1.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after purchasing an additional 84,038 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Two Harbors Investment by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock worth $20,605,000 after buying an additional 33,852 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after buying an additional 278,666 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Two Harbors Investment by 1.1% during the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after buying an additional 3,408 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

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.