Two Harbors Investments Corp (NYSE:TWO) Receives Average Recommendation of “Hold” from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.9583.

TWO has been the topic of a number of recent research reports. Zacks Research downgraded Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Maxim Group downgraded shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th.

Insider Activity

In other Two Harbors Investments news, insider Alecia Hanson sold 10,768 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $11.41, for a total value of $122,862.88. Following the sale, the insider directly owned 45,288 shares of the company’s stock, valued at approximately $516,736.08. This trade represents a 19.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William Dellal sold 7,087 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $11.44, for a total value of $81,075.28. Following the completion of the sale, the chief financial officer owned 36,703 shares of the company’s stock, valued at $419,882.32. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 124,307 shares of company stock worth $1,420,130. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investments

A number of institutional investors have recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Two Harbors Investments during the third quarter worth $25,000. Quarry LP increased its stake in shares of Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares in the last quarter. AlphaQuest LLC raised its position in shares of 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 worth $36,000 after purchasing an additional 2,380 shares during the last quarter. Advisory Services Network LLC purchased a new position in Two Harbors Investments in the 3rd quarter valued at about $42,000. Finally, CWM LLC boosted its holdings in Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 4,482 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Trading Up 2.7%

Shares of NYSE:TWO opened at $10.70 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. Two Harbors Investments has a 52-week low of $9.30 and a 52-week high of $14.28. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -4.28 and a beta of 1.19. The business has a 50-day moving average price of $10.17 and a 200-day moving average price of $10.09.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%.The firm had revenue of ($18.67) million for the quarter. Equities analysts predict that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Monday, January 5th. Two Harbors Investments’s dividend payout ratio is presently -54.40%.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.