Compass Point Cuts Two Harbors Investment (NYSE:TWO) Price Target to $14.75

Two Harbors Investment (NYSE:TWO) had its price target cut by Compass Point from $15.75 to $14.75 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on TWO. Royal Bank of Canada cut their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Janney Montgomery Scott started coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, JMP Securities dropped their target price on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.18.

Two Harbors Investment Stock Up 0.8 %

TWO opened at $11.75 on Monday. The business’s fifty day moving average is $12.51 and its two-hundred day moving average is $13.06. 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 $1.22 billion, a price-to-earnings ratio of -2.44 and a beta of 1.87. Two Harbors Investment has a one year low of $11.28 and a one year high of $14.59.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS 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 last year, the firm posted ($0.01) EPS. Analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.32%. Two Harbors Investment’s payout ratio is currently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake 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 worth $688,000 after acquiring an additional 1,000 shares during the last quarter. QRG Capital Management Inc. increased its stake in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,100 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Two Harbors Investment by 4.6% during the second 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% during the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 2,519 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.