Several brokerages have updated their recommendations and price targets on shares of Two Harbors Investments Corp (NYSE: TWO) in the last few weeks:

  • 11/10/2017 – Two Harbors Investments Corp was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $16.50 price target on the stock, down previously from $20.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/9/2017 – Two Harbors Investments Corp was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/9/2017 – Two Harbors Investments Corp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $17.00 price target on the stock, down previously from $20.50. They wrote, “TWO reported 3Q17 comprehensive income of $0.93 per share, versus its new dividend of $0.52 per share, so book value was up 1.9%. In our view, it was a strong quarter.””
  • 11/9/2017 – Two Harbors Investments Corp had its price target raised by analysts at Barclays PLC from $10.00 to $17.00. They now have an “overweight” rating on the stock.
  • 11/2/2017 – Two Harbors Investments Corp was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/1/2017 – Two Harbors Investments Corp had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 10/25/2017 – Two Harbors Investments Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “
  • 10/11/2017 – Two Harbors Investments Corp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “

Two Harbors Investments Corp (NYSE:TWO) opened at $15.51 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The company has a market cap of $2,678.41, a price-to-earnings ratio of 7.34 and a beta of 0.58. Two Harbors Investments Corp has a one year low of $15.21 and a one year high of $21.08.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.24. The company had revenue of $115.03 million for the quarter, compared to analyst estimates of $112.87 million. Two Harbors Investments Corp had a net margin of 63.23% and a return on equity of 10.27%. Two Harbors Investments Corp’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. equities research analysts anticipate that Two Harbors Investments Corp will post 2.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a $0.52 dividend. The ex-dividend date was Thursday, September 28th. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. This represents a $2.08 dividend on an annualized basis and a yield of 13.41%. Two Harbors Investments Corp’s payout ratio is currently 71.23%.

In other Two Harbors Investments Corp news, major shareholder Two Harbors Investment Corp. acquired 5,555 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of $18.96 per share, for a total transaction of $105,322.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 126,144 shares of company stock worth $2,372,473. 1.16% of the stock is currently owned by company insiders.

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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