Two Harbors Investments Corp (NYSE:TWO) Receives $12.33 Average PT from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned an average rating of “Reduce” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.50.

Several research firms recently issued reports on TWO. JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $12.50 to $11.00 in a report on Thursday, April 16th. Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday. Finally, Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $12.33 on Friday. The company’s fifty day simple moving average is $11.85 and its 200-day simple moving average is $11.29. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.30 billion, a PE ratio of -3.23 and a beta of 1.04. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.33 million. Equities research analysts expect that Two Harbors Investments will post 0.8 EPS for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio is -35.60%.

Institutional Trading of Two Harbors Investments

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWO. AQR Capital Management LLC bought a new stake in Two Harbors Investments during the first quarter worth $344,000. Millennium Management LLC raised its stake in Two Harbors Investments by 10.6% in the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock valued at $16,119,000 after buying an additional 115,698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Two Harbors Investments by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock valued at $1,933,000 after buying an additional 28,535 shares during the period. Intech Investment Management LLC raised its stake in Two Harbors Investments by 54.4% in the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 32,361 shares during the period. Finally, Norges Bank bought a new stake in Two Harbors Investments in the second quarter valued at approximately $955,000. 64.19% of the stock is 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.