Two Harbors Investment Corp. (NYSE:TWO) Receives Average Rating of “Hold” from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO – Get Rating) have received a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.65.

Several research firms have commented on TWO. 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 report on Monday, April 25th. JMP Securities reaffirmed a “buy” rating and set a $5.50 price target on shares of Two Harbors Investment in a report on Wednesday, July 6th. Finally, StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th.

Insider Activity at Two Harbors Investment

In related news, CEO William Ross Greenberg sold 34,955 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $4.99, for a total transaction of $174,425.45. Following the completion of the sale, the chief executive officer now owns 527,005 shares in the company, valued at $2,629,754.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO William Ross Greenberg sold 34,955 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $4.99, for a total transaction of $174,425.45. Following the completion of the sale, the chief executive officer now owns 527,005 shares in the company, valued at $2,629,754.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen G. Kasnet sold 19,213 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $5.00, for a total value of $96,065.00. Following the sale, the director now owns 219,692 shares of the company’s stock, valued at approximately $1,098,460. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,421 shares of company stock worth $431,131. 0.42% of the stock is owned by insiders.

Institutional Trading of Two Harbors Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of TWO. Strs Ohio increased its position in Two Harbors Investment by 9.7% in the fourth quarter. Strs Ohio now owns 80,200 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 7,100 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Two Harbors Investment in the 4th quarter valued at approximately $28,000. New York State Teachers Retirement System lifted its stake in shares of Two Harbors Investment by 8.2% in the 4th quarter. New York State Teachers Retirement System now owns 117,050 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 8,900 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Two Harbors Investment by 12.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 102,617 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 11,191 shares during the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in shares of Two Harbors Investment in the fourth quarter worth approximately $1,807,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.

Two Harbors Investment Trading Down 0.4 %

Two Harbors Investment stock opened at $5.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $5.17. Two Harbors Investment has a 12 month low of $4.26 and a 12 month high of $6.81. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.54 and a beta of 1.59.

Two Harbors Investment (NYSE:TWO – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Two Harbors Investment had a return on equity of 16.21% and a net margin of 147.67%. The company had revenue of $22.53 million during the quarter, compared to the consensus estimate of $27.42 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue was down 32.5% compared to the same quarter last year. As a group, equities analysts predict that Two Harbors Investment will post 0.64 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, July 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 12.64%. The ex-dividend date of this dividend was Friday, July 1st. Two Harbors Investment’s dividend payout ratio (DPR) is presently 183.78%.

About Two Harbors Investment

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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.