Two Harbors Investment Corp. (NYSE:TWO) Given Average Rating of “Hold” by Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWOGet Rating) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.81.

Several equities research analysts have weighed in on TWO shares. JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, April 25th. TheStreet lowered Two Harbors Investment from a “c” rating to a “d+” rating in a research report on Wednesday, February 9th. Zacks Investment Research raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Credit Suisse Group dropped their target price on Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Tuesday, March 8th. Finally, StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.

Shares of TWO opened at $5.14 on Tuesday. The business’s 50 day moving average is $5.19 and its two-hundred day moving average is $5.56. Two Harbors Investment has a 52-week low of $4.71 and a 52-week high of $8.15. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 13.89 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44.

Two Harbors Investment (NYSE:TWOGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $22.53 million for the quarter, compared to analyst estimates of $27.42 million. Two Harbors Investment had a net margin of 147.67% and a return on equity of 16.21%. The business’s revenue was down 32.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities analysts expect that Two Harbors Investment will post 0.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Monday, April 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, April 1st. This represents a $0.68 annualized dividend and a yield of 13.23%. Two Harbors Investment’s dividend payout ratio is currently 183.78%.

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in shares of Two Harbors Investment in the 4th quarter valued at $28,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at $39,000. ML & R Wealth Management LLC acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at $55,000. Satovsky Asset Management LLC purchased a new stake in Two Harbors Investment in the 1st quarter worth about $55,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Two Harbors Investment in the 1st quarter worth about $58,000. Institutional investors and hedge funds own 68.67% of the company’s stock.

Two Harbors Investment Company Profile (Get Rating)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

Featured Articles

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter.