Two Harbors Investment (NYSE:TWO) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Two Harbors Investment (NYSE:TWOFree Report) from a neutral rating to a buy rating in a research report report published on Friday, Marketbeat reports. They currently have $14.50 target price on the real estate investment trust’s stock, up from their prior target price of $13.50.

A number of other brokerages have also issued reports on TWO. JMP Securities reiterated a market outperform rating and set a $15.00 price target on shares of Two Harbors Investment in a research report on Thursday, April 18th. Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a hold rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a neutral rating for the company in a research note on Wednesday, April 10th. Finally, StockNews.com upgraded shares of Two Harbors Investment from a sell rating to a hold rating in a research note on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $14.57.

View Our Latest Stock Analysis on TWO

Two Harbors Investment Stock Performance

TWO opened at $12.97 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $12.61 and its 200-day moving average is $13.08. The stock has a market cap of $1.34 billion, a PE ratio of 7.28 and a beta of 1.85. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 13.88%. Two Harbors Investment’s dividend payout ratio is currently 101.12%.

Insider Buying and Selling at Two Harbors Investment

In other news, Director Stephen G. Kasnet sold 12,790 shares of Two Harbors Investment stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.02, for a total value of $166,525.80. Following the transaction, the director now directly owns 97,569 shares of the company’s stock, valued at $1,270,348.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Mary Kathryn Riskey sold 3,870 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total value of $49,071.60. Following the completion of the sale, the chief financial officer now directly owns 79,735 shares of the company’s stock, valued at approximately $1,011,039.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen G. Kasnet sold 12,790 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.02, for a total value of $166,525.80. Following the sale, the director now owns 97,569 shares of the company’s stock, valued at $1,270,348.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,335 shares of company stock valued at $376,316. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Two Harbors Investment

A number of hedge funds have recently made changes to their positions in TWO. Norges Bank purchased a new stake in Two Harbors Investment in the 4th quarter worth approximately $8,829,000. Private Advisor Group LLC acquired a new stake in Two Harbors Investment during the fourth quarter valued at $197,000. Campbell & CO Investment Adviser LLC purchased a new position in Two Harbors Investment in the fourth quarter valued at about $1,931,000. Yousif Capital Management LLC increased its position in Two Harbors Investment by 22.7% in the 4th quarter. Yousif Capital Management LLC now owns 58,506 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 10,842 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Two Harbors Investment by 83.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust’s stock worth $10,207,000 after purchasing an additional 350,060 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Company Profile

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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.

See Also

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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