Two Harbors Investments Corp (NYSE:TWO) Given Consensus Rating of “Hold” by Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.4286.

TWO has been the subject of several research reports. Maxim Group reduced their target price on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. UBS Group reduced their target price on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Finally, Citizens Jmp reissued a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd.

Two Harbors Investments Stock Down 0.8%

Shares of NYSE TWO opened at $9.77 on Tuesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -2.74 and a beta of 1.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $10.01 and a two-hundred day moving average of $10.90. Two Harbors Investments has a 1 year low of $9.49 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The business had revenue of ($18.12) million during the quarter, compared to the consensus estimate of ($23.29) million. On average, analysts forecast that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be issued a $0.34 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.9%. Two Harbors Investments’s dividend payout ratio is currently -38.20%.

Insider Buying and Selling

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive owned 160,281 shares in the company, valued at approximately $1,606,015.62. This represents a 5.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. increased its holdings in shares of Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after acquiring an additional 2,977,196 shares during the last quarter. Invesco Ltd. lifted its stake in Two Harbors Investments by 44.5% in the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after buying an additional 815,931 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Two Harbors Investments by 168.5% during the second quarter. Wolverine Asset Management LLC now owns 744,028 shares of the real estate investment trust’s stock valued at $8,013,000 after acquiring an additional 466,957 shares during the period. First Trust Advisors LP bought a new position in shares of Two Harbors Investments during the second quarter worth about $4,371,000. Finally, Nuveen LLC bought a new position in shares of Two Harbors Investments during the first quarter worth about $3,344,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.