Two Harbors Investment (NYSE:TWO) Price Target Lowered to $14.50 at JMP Securities

Two Harbors Investment (NYSE:TWO) had its price objective lowered by JMP Securities from $15.00 to $14.50 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a market outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the stock. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They set a “buy” rating and a $15.75 price target on the stock. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Janney Montgomery Scott started coverage on Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.96.

Two Harbors Investment Price Performance

NYSE:TWO opened at $13.15 on Thursday. The business’s 50-day moving average is $13.58 and its 200 day moving average is $13.17. Two Harbors Investment has a 12 month low of $9.83 and a 12 month high of $14.59. The company has a market capitalization of $1.36 billion, a P/E ratio of 32.07 and a beta of 1.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm earned ($0.04) EPS. On average, equities research analysts forecast that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.69%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is currently 439.02%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Two Harbors Investment by 38.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,306 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Two Harbors Investment during the second quarter worth $144,000. AQR Capital Management LLC purchased a new stake in shares of Two Harbors Investment during the second quarter valued at $147,000. Finally, Teamwork Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment during the third quarter valued at $173,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

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.