Two Harbors Investment (NYSE:TWO) Price Target Raised to $12.50

Two Harbors Investment (NYSE:TWO) had its price target increased by JPMorgan Chase & Co. from $11.00 to $12.50 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the stock. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Tuesday, January 28th. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Compass Point dropped their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. Finally, Royal Bank of Canada decreased their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.79.

Two Harbors Investment Trading Up 1.5 %

Two Harbors Investment stock opened at $12.74 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.04 and a beta of 1.83. Two Harbors Investment has a 12 month low of $10.84 and a 12 month high of $14.27. The business’s fifty day simple moving average is $11.78 and its two-hundred day simple moving average is $12.66.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.44%. As a group, equities analysts predict that Two Harbors Investment will post 0.82 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.13%. Two Harbors Investment’s payout ratio is 85.31%.

Insider Activity

In other news, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the transaction, the insider now owns 156,163 shares of the company’s stock, valued at approximately $1,750,587.23. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Two Harbors Investment by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after acquiring an additional 69,725 shares during the period. State Street Corp grew its position in shares of Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after buying an additional 102,294 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Two Harbors Investment by 2.0% during the 3rd 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. Charles Schwab Investment Management Inc. lifted its position in Two Harbors Investment by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after acquiring an additional 33,852 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Two Harbors Investment by 20.2% in the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after acquiring an additional 149,870 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

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.