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

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given a consensus recommendation of “Reduce” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.4583.

A number of research firms have commented on TWO. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their target price for the company from $11.00 to $14.00 in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $11.42 on Monday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.57 and a beta of 1.19. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $11.31 and its 200-day simple moving average is $10.39. Two Harbors Investments has a 12 month low of $9.30 and a 12 month high of $14.28.

Two Harbors Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Monday, January 5th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date was Monday, January 5th. Two Harbors Investments’s dividend payout ratio is -54.40%.

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 55,488 shares of Two Harbors Investments stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the sale, the executive owned 166,507 shares in the company, valued at approximately $1,901,509.94. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alecia Hanson sold 10,768 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.41, for a total transaction of $122,862.88. Following the completion of the transaction, the insider owned 45,288 shares in the company, valued at approximately $516,736.08. This trade represents a 19.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 129,389 shares of company stock valued at $1,483,046. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investments

A number of institutional investors have recently modified their holdings of TWO. Allspring Global Investments Holdings LLC lifted its stake in shares of Two Harbors Investments by 1.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust’s stock valued at $57,074,000 after buying an additional 88,518 shares during the period. Millennium Management LLC grew its stake in Two Harbors Investments by 45.3% in the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after acquiring an additional 1,415,062 shares during the period. Balyasny Asset Management L.P. raised its holdings in Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after acquiring an additional 2,977,196 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after purchasing an additional 815,931 shares during the period. Finally, Algebris UK Ltd. acquired a new stake in shares of Two Harbors Investments during the third quarter worth $17,558,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

About Two Harbors Investments

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.