Royal Bank of Canada Lowers Two Harbors Investment (NYSE:TWO) Price Target to $12.00

Two Harbors Investment (NYSE:TWO) had its price target reduced by Royal Bank of Canada from $14.00 to $12.00 in a report issued on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on TWO. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday. Compass Point assumed coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. JMP Securities dropped their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.32.

Two Harbors Investment Trading Down 0.9 %

Shares of NYSE:TWO traded down $0.10 during trading on Friday, hitting $11.40. The company had a trading volume of 1,505,612 shares, compared to its average volume of 1,368,727. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.08. The company has a fifty day simple moving average of $13.34 and a two-hundred day simple moving average of $13.17. Two Harbors Investment has a one year low of $11.37 and a one year high of $14.59.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million for the quarter. During the same period last year, the firm earned ($0.01) earnings per share. Equities research analysts anticipate that Two Harbors Investment will post 0.7 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s payout ratio is currently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC increased its position in shares of Two Harbors Investment by 5.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 944 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 1,000 shares during the period. QRG Capital Management Inc. raised its stake in shares of Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 1,230 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Two Harbors Investment by 12.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

About Two Harbors Investment

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.