Two Harbors Investments Corp (NYSE:TWO) Receives Average Recommendation of “Reduce” from Analysts

Two Harbors Investments Corp (NYSE:TWO) has earned an average recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.50.

TWO has been the subject of a number of research reports. Compass Point reissued a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th.

Two Harbors Investments Stock Down 0.1%

Shares of TWO stock opened at $12.07 on Thursday. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17. The firm has a market cap of $1.27 billion, a PE ratio of -3.16 and a beta of 1.03. The stock has a 50 day moving average of $12.27 and a 200-day moving average of $11.56. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The business had revenue of $225.08 million for the quarter, compared to the consensus estimate of $2.33 million. On average, equities analysts predict that Two Harbors Investments will post 0.8 EPS for the current year.

Two Harbors Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.34 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.

Institutional Trading of Two Harbors Investments

A number of institutional investors and hedge funds have recently modified their holdings of TWO. Quarry LP boosted its stake in Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 981 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments during the 3rd quarter worth about $42,000. Ballast Advisors LLC acquired a new stake in shares of Two Harbors Investments during the 1st quarter valued at about $50,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments in the fourth quarter valued at about $68,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.