Two Harbors Investment Corp. (NYSE:TWO) Receives $13.71 Average Price Target from Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.71.

A number of research analysts have issued reports on TWO shares. JMP Securities reduced their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Finally, Compass Point lowered their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th.

Two Harbors Investment Stock Up 1.4 %

Two Harbors Investment stock opened at $11.99 on Friday. Two Harbors Investment has a fifty-two week low of $11.28 and a fifty-two week high of $14.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $12.87. The stock has a market cap of $1.24 billion, a PE ratio of -2.49 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter in the previous year, the firm earned ($0.01) EPS. Research analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 15.01%. Two Harbors Investment’s dividend payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after purchasing an additional 278,666 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of Two Harbors Investment in the third quarter worth $3,505,000. International Assets Investment Management LLC raised its position in shares of Two Harbors Investment by 1,392.7% in the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 180,516 shares in the last quarter. Barclays PLC boosted its stake in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares during the period. Finally, State Street Corp grew its position in Two Harbors Investment by 2.7% during the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after buying an additional 102,294 shares in the last quarter. 64.19% of the stock is currently owned by 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.