Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) PT at $15.11

Two Harbors Investment Corp. (NYSE:TWOGet Free Report) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.63.

Several equities analysts have recently commented on the company. UBS Group assumed coverage on Two Harbors Investment in a research report on Wednesday, December 6th. They set a “neutral” rating and a $14.50 price objective on the stock. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JMP Securities increased their price objective on Two Harbors Investment from $12.50 to $15.00 and gave the company a “market outperform” rating in a research report on Friday, December 15th. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on Two Harbors Investment from $14.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th.

View Our Latest Report on Two Harbors Investment

Two Harbors Investment Price Performance

Shares of NYSE TWO opened at $12.85 on Thursday. The firm has a market capitalization of $1.33 billion, a P/E ratio of -6.42 and a beta of 1.87. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 1.00. The stock’s 50-day simple moving average is $13.58 and its two-hundred day simple moving average is $13.19. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $17.31.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, January 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.01%. The ex-dividend date was Thursday, January 11th. Two Harbors Investment’s dividend payout ratio (DPR) is currently -90.00%.

Insiders Place Their Bets

In other news, CEO William Ross Greenberg sold 9,878 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $14.05, for a total value of $138,785.90. Following the completion of the transaction, the chief executive officer now owns 280,912 shares in the company, valued at approximately $3,946,813.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Mary Kathryn Riskey sold 3,060 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $14.05, for a total value of $42,993.00. Following the completion of the transaction, the chief financial officer now owns 88,623 shares in the company, valued at approximately $1,245,153.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William Ross Greenberg sold 9,878 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total value of $138,785.90. Following the transaction, the chief executive officer now directly owns 280,912 shares of the company’s stock, valued at approximately $3,946,813.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,417 shares of company stock worth $763,755. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Two Harbors Investment by 20.9% in the 2nd quarter. Van ECK Associates Corp now owns 548,726 shares of the real estate investment trust’s stock worth $7,616,000 after purchasing an additional 94,980 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Two Harbors Investment by 5.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,140,865 shares of the real estate investment trust’s stock worth $15,835,000 after purchasing an additional 63,439 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Two Harbors Investment by 119.1% in the 2nd quarter. Parallel Advisors LLC now owns 7,115 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 3,868 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Two Harbors Investment by 248.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,039 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,454 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Two Harbors Investment by 6.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,267 shares of the real estate investment trust’s stock worth $1,517,000 after purchasing an additional 7,039 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.

About Two Harbors Investment

(Get Free Report

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

Further Reading

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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