Two Harbors Investment Corp. (NYSE:TWO) Receives $13.71 Consensus Price Target from Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.71.

A number of research analysts recently weighed in on TWO shares. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Compass Point lowered their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. JMP Securities cut their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th.

Two Harbors Investment Stock Performance

Shares of TWO opened at $11.65 on Friday. The business has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $12.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 52 week low of $11.28 and a 52 week high of $14.27. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -2.42 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (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 during the quarter. During the same period last year, the company earned ($0.01) earnings per share. On average, analysts expect that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.45%. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Phocas Financial Corp. bought a new position in Two Harbors Investment during the third quarter valued at $3,505,000. Van ECK Associates Corp lifted its holdings in shares of Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after acquiring an additional 278,666 shares during the last quarter. Geode Capital Management LLC grew its position in Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after acquiring an additional 48,264 shares in the last quarter. International Assets Investment Management LLC increased its stake in Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares during the last quarter. Finally, Barclays PLC raised its position in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.