Two Harbors Investment Corp. (NYSE:TWO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.04.

TWO has been the subject of several research reports. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Sunday, October 6th. Compass Point began coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target for the company. Janney Montgomery Scott began coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price objective on the stock. 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 report 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 report on Wednesday, August 28th.

Two Harbors Investment Stock Up 0.9 %

TWO stock opened at $12.84 on Tuesday. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.33 billion, a PE ratio of 31.30 and a beta of 1.85. The firm’s fifty day moving average is $13.60 and its 200 day moving average is $13.16.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate 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 company had revenue of $115.95 million during the quarter. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, research analysts forecast that Two Harbors Investment will post 0.46 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.02%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment’s payout ratio is 439.02%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after acquiring an additional 1,135,012 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Two Harbors Investment by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after purchasing an additional 801,837 shares in the last quarter. Van ECK Associates Corp boosted its position 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 during the period. LifePro Asset Management purchased a new position in shares of Two Harbors Investment during the second quarter worth $2,036,000. Finally, SG Americas Securities LLC grew its stake in shares of Two Harbors Investment by 879.9% in the second quarter. SG Americas Securities LLC now owns 129,227 shares of the real estate investment trust’s stock valued at $1,707,000 after buying an additional 116,039 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

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.