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

Two Harbors Investment Corp. (NYSE:TWO) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $13.71.

A number of equities analysts have issued reports on TWO shares. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Compass Point decreased their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JMP Securities cut their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price target 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TWO. Phocas Financial Corp. bought a new stake in Two Harbors Investment in the 3rd quarter valued at about $3,505,000. Van ECK Associates Corp raised its position in shares of Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after purchasing an additional 278,666 shares during the period. Geode Capital Management LLC lifted its stake in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after buying an additional 48,264 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 180,516 shares during the period. Finally, Barclays PLC grew its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Down 0.5 %

TWO opened at $11.74 on Friday. Two Harbors Investment has a fifty-two week low of $11.28 and a fifty-two week high of $14.27. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 1.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day moving average is $11.87 and its 200 day moving average is $12.90.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.33%. 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.