Two Harbors Investments Corp (NYSE:TWO) Given Consensus Recommendation of “Reduce” by Analysts

Two Harbors Investments Corp (NYSE:TWO) has been assigned an average rating of “Reduce” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.8750.

Several research analysts recently commented on TWO shares. 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. Zacks Research downgraded Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their target price for the company from $11.00 to $14.00 in a research report on Friday, January 23rd.

Institutional Trading of Two Harbors Investments

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in 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 purchasing an additional 981 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Two Harbors Investments by 3.9% during the third quarter. Amalgamated Bank now owns 30,604 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 1,158 shares during the period. Intech Investment Management LLC lifted its stake in shares of Two Harbors Investments by 1.4% during the third quarter. Intech Investment Management LLC now owns 85,985 shares of the real estate investment trust’s stock worth $849,000 after buying an additional 1,202 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Two Harbors Investments by 11.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,261 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Two Harbors Investments by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,309 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Price Performance

Shares of TWO stock opened at $11.37 on Tuesday. Two Harbors Investments has a 1-year low of $8.78 and a 1-year high of $14.17. The stock’s 50-day moving average is $11.26 and its 200 day moving average is $10.51. The company has a market cap of $1.19 billion, a P/E ratio of -2.33 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last announced 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). The firm had revenue of $182.18 million during the quarter, compared to the consensus estimate of ($15.44) million. Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%. Research analysts predict 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 will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.36 annualized dividend and a dividend yield of 12.0%. Two Harbors Investments’s dividend payout ratio is -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.