Two Harbors Investments Corp (NYSE:TWO) Receives Average Recommendation of “Hold” from Analysts

Two Harbors Investments Corp (NYSE:TWO) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.75.

Several brokerages have recently commented on TWO. BTIG Research restated a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. JPMorgan Chase & Co. increased their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Compass Point reissued a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $12.18 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. Two Harbors Investments has a twelve month low of $11.98 and a twelve month high of $12.19. The company has a fifty day moving average of $12.10 and a 200-day moving average of $11.70. The firm has a market capitalization of $1.28 billion, a P/E ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, sell-side analysts anticipate that Two Harbors Investments will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s payout ratio is -64.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Quantinno Capital Management LP raised its stake in shares of Two Harbors Investments by 243.0% in the first quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 98,987 shares during the last quarter. BlackRock Inc. bought a new stake in Two Harbors Investments during the second quarter worth $211,685,000. Gabelli Funds LLC raised its position in Two Harbors Investments by 200.0% in the 1st quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $1,713,000 after buying an additional 100,000 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Two Harbors Investments during the 2nd quarter valued at $1,124,000. Finally, Man Group plc purchased a new position in Two Harbors Investments during the 2nd quarter worth $10,318,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

About Two Harbors Investments

Two Harbors Investment Corp. (NYSE:TWO) is a real estate investment trust (REIT) focused on investing in and managing residential mortgage assets. The company primarily seeks income and long-term returns through a portfolio of mortgage-related investments, with an emphasis on assets backed by residential real estate.

Two Harbors’ investments generally include agency residential mortgage-backed securities (RMBS), which are guaranteed by a U.S. government-sponsored enterprise or government agency, as well as mortgage servicing rights and related interests.