Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $13.96

Two Harbors Investment Corp. (NYSE:TWO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.96.

TWO has been the topic of several recent research reports. JMP Securities restated a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Compass Point dropped their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada boosted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

Insider Buying and Selling at Two Harbors Investment

In other news, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the sale, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Two Harbors Investment by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock worth $135,928,000 after purchasing an additional 329,762 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Two Harbors Investment by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after purchasing an additional 69,725 shares during the last quarter. State Street Corp raised its position in shares of Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after purchasing an additional 48,264 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Two Harbors Investment by 19.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock worth $27,373,000 after purchasing an additional 371,436 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Down 0.3 %

TWO opened at $13.84 on Friday. The business’s 50-day simple moving average is $13.01 and its 200-day simple moving average is $12.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment has a one year low of $10.84 and a one year high of $14.28. The stock has a market capitalization of $1.44 billion, a P/E ratio of 6.56 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Analysts anticipate that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment’s dividend payout ratio is presently 85.31%.

About Two Harbors Investment

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.