Analysts Set Two Harbors Investments Corp (NYSE:TWO) Price Target at $13.00

Shares of Two Harbors Investments Corp (NYSE:TWO) have received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.00.

TWO has been the subject of a number of research reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. JPMorgan Chase & Co. reduced their price target on Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a research note on Wednesday, April 30th.

Two Harbors Investments Stock Down 1.3%

TWO opened at $9.87 on Thursday. Two Harbors Investments has a twelve month low of $9.76 and a twelve month high of $14.28. The company’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $11.90. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -19.35 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. As a group, equities analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 15.81%. Two Harbors Investments’s dividend payout ratio (DPR) is -305.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. Charles Schwab Investment Management Inc. lifted its stake in Two Harbors Investments by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock valued at $18,247,000 after buying an additional 57,915 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Two Harbors Investments during the 4th quarter worth about $172,000. Sei Investments Co. increased its position in Two Harbors Investments by 1.3% during the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 1,770 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Two Harbors Investments in the 4th quarter valued at about $284,000. Finally, Simplify Asset Management Inc. boosted its stake in shares of Two Harbors Investments by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,000 shares during the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

About Two Harbors Investments

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.