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

Two Harbors Investments Corp (NYSE:TWO) has earned an average rating of “Reduce” from the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.8750.

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. Zacks Research lowered shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their target price for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. Finally, Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th.

Two Harbors Investments Trading Down 2.2%

TWO opened at $10.33 on Friday. Two Harbors Investments has a 1-year low of $9.00 and a 1-year high of $14.28. The stock has a market capitalization of $1.09 billion, a PE ratio of -2.11 and a beta of 1.18. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $10.53.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of ($15.44) million. Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. As a group, equities analysts anticipate that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Monday, January 5th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, January 5th. This represents a $1.36 annualized dividend and a yield of 13.2%. Two Harbors Investments’s payout ratio is currently -27.81%.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 55,488 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total value of $633,672.96. Following the completion of the sale, the executive directly owned 166,507 shares in the company, valued at $1,901,509.94. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 27,370 shares of Two Harbors Investments stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total value of $312,839.10. Following the transaction, the insider owned 156,718 shares in the company, valued at $1,791,286.74. This trade represents a 14.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 129,389 shares of company stock valued at $1,483,046. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Two Harbors Investments

Several large investors have recently made changes to their positions in TWO. AQR Capital Management LLC bought a new stake in Two Harbors Investments in the 1st quarter valued at $344,000. Millennium Management LLC raised its stake in shares of Two Harbors Investments by 10.6% in the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock valued at $16,119,000 after purchasing an additional 115,698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Two Harbors Investments by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock valued at $1,933,000 after purchasing an additional 28,535 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Two Harbors Investments by 54.4% during the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 32,361 shares during the period. Finally, 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 worth $36,000 after acquiring an additional 2,380 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.