Two Harbors Investments Corp (NYSE:TWO) Receives $12.25 Average PT from Brokerages

Shares of Two Harbors Investments Corp (NYSE:TWO) have earned a consensus rating of “Reduce” from the eight research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.25.

Several analysts have commented on TWO shares. Compass Point lowered shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research report on Friday, March 27th. Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group lowered shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $14.00 in a research report on Friday, January 23rd. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $12.53 on Wednesday. The firm has a 50-day moving average of $11.13 and a 200-day moving average of $10.96. The company has a market cap of $1.32 billion, a P/E ratio of -3.28 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. Two Harbors Investments has a one year low of $8.78 and a one year high of $14.17.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The company had revenue of $225.08 million during the quarter, compared to the consensus estimate of $2.33 million. Equities research analysts forecast that Two Harbors Investments will post 0.8 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.36 annualized dividend and a yield of 10.9%. Two Harbors Investments’s payout ratio is currently -35.60%.

Institutional Trading of Two Harbors Investments

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its position in Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter worth about $42,000. CWM LLC increased its stake in shares of Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 4,482 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Two Harbors Investments in the fourth quarter worth about $68,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.