Two Harbors Investment Corp. (NYSE:TWO) Receives $15.04 Consensus PT from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.96.

A number of equities research analysts have issued reports on TWO shares. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Sunday, October 6th. Compass Point began coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. JMP Securities reduced their price target on shares of 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, JPMorgan Chase & Co. lifted their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

Two Harbors Investment Stock Down 1.3 %

Shares of Two Harbors Investment stock opened at $12.98 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The firm has a market capitalization of $1.34 billion, a PE ratio of 31.66 and a beta of 1.85. The stock’s fifty day moving average is $13.57 and its 200-day moving average is $13.17.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The company had revenue of $115.95 million during the quarter. During the same quarter in the previous year, the company earned ($0.04) EPS. Equities analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be given a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 13.87%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 439.02%.

Institutional Investors Weigh In On Two Harbors Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Howard Financial Services LTD. boosted its holdings in Two Harbors Investment by 2.3% in the first quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 903 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Two Harbors Investment by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 944 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Two Harbors Investment by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock worth $688,000 after buying an additional 1,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Two Harbors Investment by 12.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,100 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment 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.