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

Two Harbors Investment Corp. (NYSE:TWOGet Free Report) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.63.

Several equities analysts recently weighed in on the company. TheStreet downgraded Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. 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 target price on the stock. Jonestrading assumed coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods increased their target price 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 Analysis on TWO

Two Harbors Investment Stock Down 1.9 %

TWO opened at $12.96 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1.34 billion, a P/E ratio of -6.48 and a beta of 1.87. Two Harbors Investment has a 52 week low of $9.83 and a 52 week high of $14.59. The business’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $13.03.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.89%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -90.00%.

Insider Activity

In other news, CEO William Ross Greenberg sold 7,170 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares in the company, valued at $3,248,171.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Two Harbors Investment news, insider Robert Rush sold 3,443 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 transaction of $48,374.15. Following the completion of the sale, the insider now owns 78,433 shares in the company, valued at approximately $1,101,983.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $88,191.00. Following 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. Over the last quarter, insiders sold 57,417 shares of company stock worth $763,755. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investment

A number of hedge funds have recently bought and sold shares of the business. HighPoint Advisor Group LLC acquired a new stake in Two Harbors Investment during the 4th quarter valued at approximately $520,000. Quadrature Capital Ltd acquired a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $278,000. PNC Financial Services Group Inc. grew its position in shares of Two Harbors Investment by 38.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,306 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Two Harbors Investment by 3.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 84,418 shares of the real estate investment trust’s stock worth $1,176,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Two Harbors Investment by 227.3% in the 4th quarter. Barclays PLC now owns 155,918 shares of the real estate investment trust’s stock worth $2,172,000 after acquiring an additional 108,279 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

(Get Free Report

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.

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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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