Two Harbors Investment (NYSE:TWO) Price Target Cut to $14.50 by Analysts at JMP Securities

Two Harbors Investment (NYSE:TWO) had its target price trimmed by JMP Securities from $15.00 to $14.50 in a research note released on Thursday morning, Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on TWO. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Sunday, October 6th. Compass Point initiated coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.96.

Two Harbors Investment Trading Down 0.8 %

TWO stock opened at $13.07 on Thursday. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The business’s 50-day moving average is $13.58 and its 200 day moving average is $13.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 31.87 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The business had revenue of $115.95 million for the quarter. During the same quarter last year, the business earned ($0.04) EPS. On average, sell-side analysts anticipate that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.78%. Two Harbors Investment’s dividend payout ratio is currently 439.02%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Two Harbors Investment by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,306 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Two Harbors Investment in the 2nd quarter valued at about $144,000. AQR Capital Management LLC purchased a new stake in Two Harbors Investment in the 2nd quarter valued at about $147,000. Finally, Teamwork Financial Advisors LLC acquired a new position in Two Harbors Investment in the third quarter valued at about $173,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Company Profile

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.