Two Harbors Investments Corp (NYSE:TWO) Given Average Recommendation of “Hold” by Brokerages

Two Harbors Investments Corp (NYSE:TWO) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $12.75.

TWO has been the topic of a number of analyst reports. Compass Point reaffirmed a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th.

Two Harbors Investments Price Performance

TWO stock opened at $12.03 on Friday. Two Harbors Investments has a 12 month low of $11.98 and a 12 month high of $12.12. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $12.15 and a 200 day moving average price of $11.59. The stock has a market cap of $1.26 billion, a PE ratio of -16.26 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The company had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. Equities research analysts anticipate that Two Harbors Investments will post 0.89 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were issued a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. Two Harbors Investments’s dividend payout ratio is presently -64.86%.

Institutional Investors Weigh In On Two Harbors Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Two Harbors Investments by 11.1% during the second quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,309 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Two Harbors Investments by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,663 shares during the period. JNBA Financial Advisors purchased a new stake in shares of Two Harbors Investments in the second quarter valued at approximately $48,000. Finally, GAMMA Investing LLC grew its stake in Two Harbors Investments by 37.8% in the second quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,964 shares in the last quarter. 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.