Two Harbors Investments (NYSE:TWO) Upgraded at Zacks Research

Zacks Research upgraded shares of Two Harbors Investments (NYSE:TWO) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

TWO has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Compass Point reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.75.

Two Harbors Investments Price Performance

Shares of TWO stock opened at $12.10 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments has a twelve month low of $8.78 and a twelve month high of $14.17. The company has a market cap of $1.27 billion, a P/E ratio of -3.17 and a beta of 1.03. The business has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $11.67.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. On average, sell-side analysts forecast that Two Harbors Investments will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments’s payout ratio is presently -35.60%.

Institutional Investors Weigh In On Two Harbors Investments

Several institutional investors and hedge funds have recently made changes to their positions in TWO. Quarry LP boosted its holdings in Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new position in Two Harbors Investments during the 3rd quarter worth approximately $42,000. Ballast Advisors LLC acquired a new position in shares of Two Harbors Investments in the 1st quarter worth approximately $50,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Two Harbors Investments in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

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.