Two Harbors Investments Corp (NYSE:TWO) Receives $12.43 Average Price Target from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.4286.

Several research firms have recently commented on TWO. Citizens Jmp reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. UBS Group reduced their price target on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Finally, Maxim Group reduced their price target on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th.

Two Harbors Investments Trading Down 0.7%

Shares of Two Harbors Investments stock opened at $10.08 on Tuesday. The stock has a market cap of $1.05 billion, a P/E ratio of -2.83 and a beta of 1.28. The stock’s 50 day simple moving average is $9.99 and its 200-day simple moving average is $10.87. Two Harbors Investments has a 1-year low of $9.49 and a 1-year high of $14.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of ($18.12) million for the quarter, compared to analysts’ expectations of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. Analysts predict that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 13.5%. Two Harbors Investments’s payout ratio is presently -43.82%.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the sale, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Two Harbors Investments

A number of large investors have recently modified their holdings of TWO. Allspring Global Investments Holdings LLC grew its stake in shares of Two Harbors Investments by 1.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust’s stock worth $57,074,000 after purchasing an additional 88,518 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Two Harbors Investments by 490.7% during the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares in the last quarter. Invesco Ltd. grew its stake in shares of Two Harbors Investments by 44.5% during the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after purchasing an additional 815,931 shares in the last quarter. Millennium Management LLC grew its stake in shares of Two Harbors Investments by 10.6% during the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after purchasing an additional 115,698 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Two Harbors Investments by 7.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 959,992 shares of the real estate investment trust’s stock worth $10,339,000 after purchasing an additional 69,365 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

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.