Analysts Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $15.04

Two Harbors Investment Corp. (NYSE:TWO) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.96.

Several equities analysts have recently issued reports on the stock. 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. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Sunday, October 6th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, 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 objective for the company.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $13.07 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. The firm’s 50-day moving average price is $13.58 and its two-hundred day moving average price is $13.16. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The stock has a market capitalization of $1.35 billion, a P/E ratio of 31.87 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $115.95 million for the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period last year, the business posted ($0.04) EPS. As a group, sell-side analysts forecast that Two Harbors Investment will post 0.46 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.78%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 439.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after acquiring an additional 1,135,012 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Two Harbors Investment by 1.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after purchasing an additional 99,577 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Two Harbors Investment by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after buying an additional 801,837 shares during the period. Van ECK Associates Corp grew its holdings in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after buying an additional 278,666 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Two Harbors Investment by 6.8% during the first quarter. Principal Financial Group Inc. now owns 535,864 shares of the real estate investment trust’s stock valued at $7,095,000 after buying an additional 34,304 shares during the period. 64.19% of the stock is currently 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.