Two Harbors Investments Corp (NYSE:TWO) Given Average Rating of “Reduce” by Brokerages

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.25.

TWO has been the topic of several research reports. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $12.50 to $11.00 in a research note on Thursday, April 16th. Finally, Compass Point downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research note on Friday, March 27th.

Institutional Trading of Two Harbors Investments

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares during the period. Advisory Services Network LLC bought a new stake in shares of Two Harbors Investments during the 3rd quarter worth approximately $42,000. CWM LLC lifted its holdings in shares of Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Two Harbors Investments during the 4th quarter worth approximately $68,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Up 0.1%

TWO stock opened at $12.61 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50-day simple moving average is $11.01 and its 200 day simple moving average is $10.92. Two Harbors Investments has a 52 week low of $8.78 and a 52 week high of $14.17. The company has a market capitalization of $1.32 billion, a PE ratio of -3.30 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The business had revenue of $225.08 million for the quarter, compared to the consensus estimate of $2.33 million. As a group, sell-side analysts anticipate that Two Harbors Investments will post 0.8 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were given a $0.34 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.36 annualized dividend and a dividend yield of 10.8%. Two Harbors Investments’s payout ratio is presently -35.60%.

About Two Harbors Investments

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.