Two Harbors Investment (NYSE:TWO - Free Report) had its target price lowered by Keefe, Bruyette & Woods from $13.50 to $12.95 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the real estate investment trust's stock.
Several other research analysts have also recently commented on TWO. JMP Securities reissued a "market outperform" rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.81.
Read Our Latest Research Report on Two Harbors Investment
Two Harbors Investment Trading Up 0.0 %
NYSE TWO traded up $0.01 during trading on Tuesday, hitting $10.73. The stock had a trading volume of 2,478,577 shares, compared to its average volume of 1,172,706. The company has a market capitalization of $1.12 billion, a PE ratio of 5.08 and a beta of 1.36. Two Harbors Investment has a twelve month low of $10.16 and a twelve month high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $13.16 and a 200 day moving average price of $12.45.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. As a group, equities research analysts forecast that Two Harbors Investment will post 0.81 earnings per share for the current year.
Two Harbors Investment Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.78%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment's payout ratio is 85.31%.
Insider Buying and Selling
In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,014 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the transaction, the insider now owns 149,364 shares of the company's stock, valued at $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now owns 168,935 shares in the company, valued at approximately $1,905,586.80. This trade represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,163 shares of company stock worth $154,005 in the last ninety days. 0.61% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Two Harbors Investment by 1,983.8% during the first quarter. GAMMA Investing LLC now owns 21,109 shares of the real estate investment trust's stock worth $282,000 after buying an additional 20,096 shares during the last quarter. Wolverine Trading LLC grew its stake in shares of Two Harbors Investment by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 9,443 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Two Harbors Investment by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 31,290 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 9,631 shares during the period. Millennium Management LLC raised its stake in shares of Two Harbors Investment by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock worth $12,905,000 after purchasing an additional 996,188 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Two Harbors Investment by 9.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 790,316 shares of the real estate investment trust's stock worth $9,349,000 after purchasing an additional 67,325 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.
About Two Harbors Investment
(
Get Free Report)
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.
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