Two Harbors Investment Corp. (NYSE:TWO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.50.

TWO has been the topic of several recent research reports. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. TheStreet cut shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research report on Thursday, April 18th.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the sale, the chief financial officer now owns 83,605 shares in the company, valued at approximately $1,028,341.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $88,191.00. Following the transaction, the chief executive officer now owns 264,079 shares in the company, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock worth $169,150 in the last 90 days. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Two Harbors Investment

Several hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Two Harbors Investment during the 4th quarter valued at $40,000. Cape Investment Advisory Inc. bought a new position in Two Harbors Investment during the 4th quarter valued at approximately $58,000. Montag A & Associates Inc. increased its holdings in shares of Two Harbors Investment by 238.4% during the fourth quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 3,691 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Two Harbors Investment by 38.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,652 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Two Harbors Investment in the 3rd quarter worth $136,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Stock Up 1.5 %

Shares of NYSE:TWO opened at $12.31 on Tuesday. The firm has a fifty day moving average of $12.64 and a 200 day moving average of $12.94. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $1.27 billion, a PE ratio of -6.16 and a beta of 1.87.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.62%. Two Harbors Investment’s dividend payout ratio is currently -90.00%.

About Two Harbors Investment

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.