Two Harbors Investment Corp. (NYSE:TWO) Given Average Rating of “Moderate Buy” by Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.32.

A number of analysts have issued reports on the company. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point began coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price target for the company. Finally, JMP Securities reduced their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings 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 buying an additional 2,100 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment during the 3rd quarter worth about $134,000. QRG Capital Management Inc. purchased a new stake in Two Harbors Investment during the second quarter worth approximately $144,000. AQR Capital Management LLC acquired a new position in Two Harbors Investment in the second quarter valued at approximately $147,000. Finally, Teamwork Financial Advisors LLC acquired a new position in Two Harbors Investment in the third quarter valued at $173,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Up 0.4 %

Shares of NYSE TWO opened at $11.61 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $12.92 and a 200 day moving average of $13.13. Two Harbors Investment has a 12-month low of $11.28 and a 12-month high of $14.59. The stock has a market cap of $1.20 billion, a PE ratio of -2.39 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million during the quarter. During the same period in the previous year, the business earned ($0.01) EPS. As a group, sell-side analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.50%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

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.