Two Harbors Investment Corp. (NYSE:TWO) Receives $14.18 Average PT from Analysts

Two Harbors Investment Corp. (NYSE:TWO) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.18.

Several equities analysts recently commented on TWO shares. 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 target price on the stock. JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. JMP Securities lowered their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Compass Point cut their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 period. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at about $64,000. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment in the third quarter valued at about $134,000. QRG Capital Management Inc. purchased a new stake in Two Harbors Investment during the second quarter worth about $144,000. Finally, AQR Capital Management LLC purchased a new position in Two Harbors Investment in the second quarter valued at about $147,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $11.86 on Wednesday. The business has a 50-day simple moving average of $12.23 and a 200-day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment has a one year low of $11.28 and a one year high of $14.59. The company has a market cap of $1.23 billion, a PE ratio of -2.46 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results 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). 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 period in the previous year, the business earned ($0.01) EPS. On average, equities research analysts forecast that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 15.18%. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

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.