Analysts Set Two Harbors Investment Corp. (NYSE:TWO) PT at $13.71

Two Harbors Investment Corp. (NYSE:TWO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.71.

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

Institutional Investors Weigh In On Two Harbors Investment

A number of large investors have recently made changes to their positions in the business. 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 valued at $688,000 after purchasing an additional 1,000 shares in the last quarter. Van ECK Associates Corp boosted its position in Two Harbors Investment by 48.2% during 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 in the last quarter. Rhumbline Advisers grew its holdings in shares of Two Harbors Investment by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after acquiring an additional 3,408 shares during the period. Arizona State Retirement System raised its position in shares of Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 2,519 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Two Harbors Investment in the 2nd quarter valued at approximately $192,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Trading Up 1.9 %

Shares of Two Harbors Investment stock opened at $11.83 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. Two Harbors Investment has a 1 year low of $11.28 and a 1 year high of $14.27. The firm has a market cap of $1.23 billion, a PE ratio of -2.45 and a beta of 1.85. The company has a 50 day simple moving average of $11.82 and a two-hundred day simple moving average of $12.89.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) 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 positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the prior year, the company earned ($0.01) earnings per share. Analysts expect 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 announced 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 dividend on an annualized basis and a dividend yield of 15.22%. Two Harbors Investment’s dividend payout ratio is currently -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.