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

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned an average recommendation of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.8750.

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

Two Harbors Investments Trading Up 0.6%

Shares of NYSE TWO opened at $11.39 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -2.33 and a beta of 1.18. The business has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $10.53.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The company had revenue of $182.18 million during the quarter, compared to analysts’ expectations of ($15.44) million. Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%. Sell-side analysts predict that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is -27.81%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Two Harbors Investments in the 3rd quarter worth about $25,000. Quarry LP grew its stake in Two Harbors Investments by 695.6% during the 3rd 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 in the last quarter. Smartleaf Asset Management LLC grew its stake 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 valued at $40,000 after acquiring an additional 981 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Two Harbors Investments in the 3rd quarter valued at about $42,000. Finally, CWM LLC increased its holdings in shares of 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 valued at $54,000 after purchasing an additional 4,482 shares during the period. 64.19% of the stock is owned by institutional investors and hedge funds.

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.