Two Harbors Investments Corp (NYSE:TWO) Receives Average Rating of “Hold” from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.75.

Several brokerages have recently commented on TWO. JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Royal Bank Of Canada increased their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th.

Two Harbors Investments Trading Up 0.2%

Two Harbors Investments stock opened at $12.03 on Friday. The firm has a 50 day moving average of $12.15 and a 200 day moving average of $11.59. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.26 and a beta of 1.04. Two Harbors Investments has a 12-month low of $11.98 and a 12-month high of $12.12. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, research analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.3%. Two Harbors Investments’s payout ratio is currently -64.86%.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 981 shares during the last quarter. Osaic Holdings Inc. boosted its holdings 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 worth $142,000 after purchasing an additional 1,309 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Two Harbors Investments by 12.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,663 shares during the last quarter. JNBA Financial Advisors purchased a new stake in Two Harbors Investments during the 2nd quarter valued at $48,000. Finally, GAMMA Investing LLC raised its holdings in Two Harbors Investments by 37.8% during the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,964 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.