Analysts Set Two Harbors Investments Corp (NYSE:TWO) Price Target at $12.46

Two Harbors Investments Corp (NYSE:TWO) has been assigned an average rating of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.8750.

Several equities research analysts recently commented on TWO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. UBS Group lowered shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and increased their price target for the stock from $11.00 to $14.00 in a research note on Friday, January 23rd. Maxim Group downgraded shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 55,488 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the transaction, the executive owned 166,507 shares in the company, valued at $1,901,509.94. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rebecca B. Sandberg sold 27,370 shares of Two Harbors Investments stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $312,839.10. Following the completion of the transaction, the insider directly owned 156,718 shares in the company, valued at approximately $1,791,286.74. This represents a 14.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 129,389 shares of company stock worth $1,483,046. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Two Harbors Investments

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Two Harbors Investments by 1.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust’s stock worth $57,074,000 after purchasing an additional 88,518 shares during the period. Millennium Management LLC grew its holdings in Two Harbors Investments by 45.3% in the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after buying an additional 1,415,062 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after buying an additional 2,977,196 shares during the period. Invesco Ltd. lifted its holdings in shares of Two Harbors Investments by 44.5% during the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after buying an additional 815,931 shares during the last quarter. Finally, Algebris UK Ltd. bought a new stake in shares of Two Harbors Investments in the third quarter valued at approximately $17,558,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Trading Down 7.5%

NYSE TWO opened at $11.05 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Two Harbors Investments has a 1-year low of $9.30 and a 1-year high of $14.28. The firm’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $10.44. The company has a market capitalization of $1.15 billion, a PE ratio of -2.26 and a beta of 1.19.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The firm had revenue of $182.18 million during the quarter, compared to analysts’ expectations of ($15.44) million. As a group, sell-side analysts anticipate that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Monday, January 5th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.3%. Two Harbors Investments’s dividend payout ratio is currently -27.81%.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.