Two Harbors Investment (NYSE:TWO) PT Raised to $16.00

Two Harbors Investment (NYSE:TWOGet Rating) had its price target boosted by Barclays from $5.00 to $16.00 in a research report sent to investors on Thursday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. JMP Securities dropped their target price on Two Harbors Investment from $22.00 to $16.00 and set a market outperform rating for the company in a research report on Thursday, October 20th. Credit Suisse Group decreased their price objective on Two Harbors Investment to $17.00 in a research note on Thursday, October 13th. StockNews.com cut Two Harbors Investment from a hold rating to a sell rating in a research note on Monday, October 24th. Finally, Royal Bank of Canada decreased their price objective on Two Harbors Investment from $22.00 to $18.00 and set an outperform rating for the company in a research note on Wednesday, October 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $18.17.

Two Harbors Investment Trading Up 0.9 %

TWO stock opened at $16.74 on Thursday. The company has a market cap of $1.45 billion, a P/E ratio of 3.72 and a beta of 1.65. Two Harbors Investment has a twelve month low of $12.12 and a twelve month high of $25.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $15.45 and a 200-day moving average of $18.49.

Two Harbors Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Monday, October 3rd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 16.25%. This is a boost from Two Harbors Investment’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, September 30th. Two Harbors Investment’s payout ratio is presently 60.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWO. CoreCap Advisors LLC acquired a new position in Two Harbors Investment in the second quarter valued at about $26,000. SeaCrest Wealth Management LLC acquired a new position in Two Harbors Investment in the second quarter valued at about $28,000. Guardian Wealth Advisors LLC acquired a new position in Two Harbors Investment in the third quarter valued at about $30,000. Meeder Asset Management Inc. grew its stake in Two Harbors Investment by 110.0% in the second quarter. Meeder Asset Management Inc. now owns 6,669 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 3,493 shares during the period. Finally, SOL Capital Management CO acquired a new position in Two Harbors Investment in the third quarter valued at about $33,000. 63.99% of the stock is owned by institutional investors and hedge funds.

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.

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