Two Harbors Investments Corp (NYSE:TWO) Receives Consensus Rating of “Moderate Buy” from Analysts

Two Harbors Investments Corp (NYSE:TWO) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.14.

Several equities analysts recently weighed in on TWO shares. Royal Bank Of Canada cut their price target on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 28th. Keefe, Bruyette & Woods upped their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. JMP Securities lowered their price objective on Two Harbors Investments from $14.00 to $13.50 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group upped their price objective on Two Harbors Investments from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Two Harbors Investments in the 4th quarter valued at $172,000. Northern Trust Corp grew its stake in Two Harbors Investments by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust’s stock valued at $13,978,000 after acquiring an additional 65,194 shares during the period. Deutsche Bank AG grew its stake in Two Harbors Investments by 54.6% in the 4th quarter. Deutsche Bank AG now owns 90,474 shares of the real estate investment trust’s stock valued at $1,070,000 after acquiring an additional 31,954 shares during the period. Sei Investments Co. grew its stake in Two Harbors Investments by 1.3% in the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock valued at $1,656,000 after acquiring an additional 1,770 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Two Harbors Investments by 7.1% in the 4th quarter. Alliancebernstein L.P. now owns 137,185 shares of the real estate investment trust’s stock valued at $1,623,000 after acquiring an additional 9,090 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $10.44 on Friday. Two Harbors Investments has a twelve month low of $10.16 and a twelve month high of $14.28. The company’s 50 day moving average is $11.25 and its 200 day moving average is $12.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.09 billion, a PE ratio of -20.46 and a beta of 1.27.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The business had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. On average, sell-side analysts forecast that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 14.95%. Two Harbors Investments’s dividend payout ratio is currently -352.94%.

Two Harbors Investments 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.