Analysts Set Two Harbors Investment Corp. (NYSE:TWO) PT at $15.04

Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $15.04.

TWO has been the topic of several research reports. JMP Securities restated a "market outperform" rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Wednesday, August 28th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a "buy" rating and a $15.00 price objective for the company. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Sunday, October 6th. JPMorgan Chase & Co. boosted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the company a "neutral" rating in a research note on Tuesday, July 16th. Finally, Compass Point began coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price objective on the stock.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently added to or reduced their stakes in the stock. LifePro Asset Management grew its stake in Two Harbors Investment by 30.9% during the third quarter. LifePro Asset Management now owns 201,792 shares of the real estate investment trust's stock valued at $2,801,000 after acquiring an additional 47,689 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Two Harbors Investment by 12.7% in the third quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 worth $29,000 after buying an additional 2,100 shares in the last quarter. Algert Global LLC boosted its stake in Two Harbors Investment by 9.7% during the second quarter. Algert Global LLC now owns 118,400 shares of the real estate investment trust's stock valued at $1,564,000 after buying an additional 10,422 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Two Harbors Investment by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust's stock valued at $677,000 after buying an additional 2,241 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Up 0.8 %

NYSE TWO traded up $0.11 during mid-day trading on Tuesday, reaching $12.95. The stock had a trading volume of 1,429,703 shares, compared to its average volume of 1,082,467. The company has a fifty day moving average price of $13.59 and a 200 day moving average price of $13.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59. The stock has a market cap of $1.34 billion, a PE ratio of 31.57 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $115.95 million for the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period last year, the business earned ($0.04) earnings per share. On average, research analysts expect that Two Harbors Investment will post 0.46 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be given a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 13.90%. Two Harbors Investment's payout ratio is 439.02%.

About Two Harbors Investment

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.