Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $13.96

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.81.

TWO has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods dropped their target price on Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating for the company in a research report on Tuesday. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

Two Harbors Investment Stock Down 5.8 %

Two Harbors Investment stock opened at $10.74 on Tuesday. The company has a market capitalization of $1.12 billion, a PE ratio of 5.09 and a beta of 1.36. The firm’s fifty day moving average is $13.20 and its 200 day moving average is $12.48. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 12-month low of $10.16 and a 12-month high of $14.28.

Two Harbors Investment (NYSE:TWO) last posted 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 6.52%. As a group, sell-side analysts predict that Two Harbors Investment will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.77%. The ex-dividend date is Friday, April 4th. Two Harbors Investment’s payout ratio is currently 85.31%.

Insider Activity

In other news, insider Rebecca B. Sandberg sold 3,014 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the sale, the insider now directly owns 149,364 shares in the company, valued at $1,678,851.36. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Nicholas Letica sold 5,737 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the sale, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,163 shares of company stock valued at $154,005. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWO. Millennium Management LLC grew its holdings in shares of Two Harbors Investment by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust’s stock worth $12,905,000 after purchasing an additional 996,188 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Two Harbors Investment by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock valued at $25,491,000 after buying an additional 478,958 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Two Harbors Investment by 19.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock valued at $27,373,000 after purchasing an additional 371,436 shares during the period. Vanguard Group Inc. boosted its stake in shares of Two Harbors Investment by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock worth $135,928,000 after acquiring an additional 329,762 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Two Harbors Investment in the fourth quarter valued at $3,898,000. Hedge funds and other 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.