Two Harbors Investments Corp (NYSE:TWO) Receives $12.36 Consensus Target Price from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.3571.

Several analysts have recently weighed in on TWO shares. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. UBS Group decreased their target price on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. JMP Securities reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Wednesday, October 8th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $9.86 on Friday. The firm’s 50-day moving average is $9.90 and its 200-day moving average is $10.48. Two Harbors Investments has a 52-week low of $9.49 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -2.77 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Equities research analysts anticipate that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments’s payout ratio is -38.20%.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive directly owned 160,281 shares in the company, valued at approximately $1,606,015.62. The trade was a 5.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Two Harbors Investments in the third quarter valued at about $25,000. Nisa Investment Advisors LLC boosted its position in Two Harbors Investments by 166.1% in the third quarter. Nisa Investment Advisors LLC now owns 47,599 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 29,712 shares in the last quarter. APS Management Group Inc. acquired a new position in Two Harbors Investments in the third quarter valued at about $273,000. GraniteShares Advisors LLC boosted its position in Two Harbors Investments by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 260,610 shares of the real estate investment trust’s stock valued at $2,572,000 after buying an additional 22,950 shares in the last quarter. Finally, CWM LLC boosted its position in Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 4,482 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments 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.