Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $14.18

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.18.

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective on the stock. Compass Point lowered their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors and hedge funds have recently modified their holdings of TWO. Northwestern Mutual Wealth Management Co. increased its position in 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 buying an additional 2,100 shares during the period. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment during the third quarter worth approximately $64,000. Simplify Asset Management Inc. acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. QRG Capital Management Inc. purchased a new stake in Two Harbors Investment in the 2nd quarter valued at $144,000. Finally, AQR Capital Management LLC acquired a new stake in Two Harbors Investment during the 2nd quarter worth $147,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 0.6 %

Shares of NYSE:TWO opened at $11.86 on Wednesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.85. Two Harbors Investment has a 12-month low of $11.28 and a 12-month high of $14.59. The business has a 50-day moving average price of $12.23 and a 200 day moving average price of $13.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period in the previous year, the company posted ($0.01) EPS. Sell-side 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 was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.18%. Two Harbors Investment’s payout ratio is -37.34%.

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.