Two Harbors Investment (NYSE:TWO) Price Target Lowered to $14.75 at Compass Point

Two Harbors Investment (NYSE:TWO - Free Report) had its price objective cut by Compass Point from $15.75 to $14.75 in a report released on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

A number of other research firms have also recently issued reports on TWO. JMP Securities cut their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. StockNews.com downgraded Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. Finally, Janney Montgomery Scott began coverage on Two Harbors Investment in a research report on Friday, August 16th. They set a "buy" rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.18.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock traded up $0.07 during midday trading on Monday, hitting $11.81. The company had a trading volume of 1,243,003 shares, compared to its average volume of 1,107,880. Two Harbors Investment has a 1-year low of $11.28 and a 1-year high of $14.59. The business's 50 day simple moving average is $12.65 and its two-hundred day simple moving average is $13.08. The stock has a market cap of $1.22 billion, a PE ratio of -2.45 and a beta of 1.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million for the quarter. During the same quarter last year, the firm posted ($0.01) EPS. As a group, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.24%. Two Harbors Investment's dividend payout ratio is -37.34%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Two Harbors Investment in the 3rd quarter valued at about $64,000. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment during the third quarter worth approximately $134,000. QRG Capital Management Inc. acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth $144,000. Finally, AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the second quarter worth $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment 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.