Two Harbors Investment Corp. (NYSE:TWO) Given Consensus Rating of “Hold” by Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.50.

A number of equities analysts have weighed in on the company. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, April 18th. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Jonestrading initiated coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating on the stock.

Two Harbors Investment Stock Up 1.5 %

NYSE:TWO opened at $12.31 on Tuesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of -6.16 and a beta of 1.87. The company’s fifty day moving average price is $12.64 and its 200-day moving average price is $12.94. Two Harbors Investment has a 1-year low of $9.83 and a 1-year high of $14.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.62%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is -90.00%.

Insider Buying and Selling at Two Harbors Investment

In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares in the company, valued at $1,028,341.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the transaction, the chief financial officer now directly owns 83,605 shares in the company, valued at $1,028,341.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock valued at $169,150 over the last quarter. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Two Harbors Investment

Several large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in shares of Two Harbors Investment during the 4th quarter worth $40,000. Cape Investment Advisory Inc. purchased a new position in Two Harbors Investment during the fourth quarter worth about $58,000. Montag A & Associates Inc. boosted its holdings in Two Harbors Investment by 238.4% in the 4th quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 3,691 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Two Harbors Investment by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,652 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter worth approximately $136,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.