Analysts Set Two Harbors Investments Corp (NYSE:TWO) PT at $12.88

Shares of Two Harbors Investments Corp (NYSE:TWO) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.8750.

A number of equities research analysts have weighed in on TWO shares. Royal Bank Of Canada lowered their price objective on Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 28th. JMP Securities restated a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods lifted their target price on Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWO. CWM LLC boosted its position in Two Harbors Investments by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 890 shares during the period. AlphaQuest LLC boosted its position in Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,380 shares during the period. Sterling Capital Management LLC boosted its position in Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,963 shares during the period. Montag A & Associates Inc. boosted its position in Two Harbors Investments by 29.2% during the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,193 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Two Harbors Investments by 233.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 4,552 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of NYSE TWO opened at $10.25 on Monday. Two Harbors Investments has a fifty-two week low of $9.67 and a fifty-two week high of $14.28. The business has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $11.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.07 billion, a PE ratio of -2.88 and a beta of 1.25.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The firm had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. Sell-side analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were given a dividend of $0.39 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.2%. Two Harbors Investments’s payout ratio is currently -43.82%.

Two Harbors Investments 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.