Two Harbors Investment (NYSE:TWO) Research Coverage Started at Compass Point

Compass Point assumed coverage on shares of Two Harbors Investment (NYSE:TWO) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $15.75 target price on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on TWO. StockNews.com cut Two Harbors Investment from a hold rating to a sell rating in a report on Saturday, September 28th. JMP Securities reiterated a market outperform rating and set a $15.00 price objective on shares of Two Harbors Investment in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on Two Harbors Investment from $12.50 to $13.00 and gave the company a neutral rating in a research report on Tuesday, July 16th. Janney Montgomery Scott began coverage on 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, UBS Group upgraded shares of Two Harbors Investment from a neutral rating to a buy rating and lifted their price objective for the company from $13.50 to $14.50 in a report on Friday, June 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $15.04.

Two Harbors Investment Trading Up 0.6 %

NYSE TWO opened at $13.03 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $13.17. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The firm has a market cap of $1.35 billion, a P/E ratio of 7.32 and a beta of 1.85.

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

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.81%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment’s payout ratio is presently 101.12%.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in TWO. Howard Financial Services LTD. increased its stake in shares of Two Harbors Investment by 2.3% during the 1st quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 903 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Two Harbors Investment by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 944 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 1,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Two Harbors Investment by 12.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 1,798 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,100 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.