Two Harbors Investment (NYSE:TWO - Free Report) had its price target reduced by JMP Securities from $15.00 to $14.50 in a research report sent to investors on Thursday, Benzinga reports. They currently have a market outperform rating on the real estate investment trust's stock.
Several other research analysts also recently weighed in on TWO. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a "neutral" rating in a research note on Tuesday, July 16th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a "buy" rating and a $15.00 price objective for the company. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They set a "buy" rating and a $15.75 price objective on the stock. Finally, StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Sunday, October 6th. 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, Two Harbors Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.96.
View Our Latest Stock Analysis on TWO
Two Harbors Investment Price Performance
Shares of TWO traded down $0.11 during mid-day trading on Thursday, reaching $13.07. 1,361,577 shares of the company's stock were exchanged, compared to its average volume of 1,083,539. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 31.87 and a beta of 1.85. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $13.16.
Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The company had revenue of $115.95 million during the quarter. During the same period in the previous year, the business posted ($0.04) EPS. On average, sell-side analysts predict that Two Harbors Investment will post 0.46 EPS for the current fiscal year.
Two Harbors Investment Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 13.78%. Two Harbors Investment's payout ratio is 439.02%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust's stock worth $154,997,000 after purchasing an additional 1,135,012 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Two Harbors Investment by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust's stock valued at $18,516,000 after acquiring an additional 801,837 shares during the period. Van ECK Associates Corp raised its stake in shares of Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock valued at $11,324,000 after acquiring an additional 278,666 shares during the period. LifePro Asset Management acquired a new position in shares of Two Harbors Investment during the 2nd quarter valued at $2,036,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Two Harbors Investment by 879.9% during the 2nd quarter. SG Americas Securities LLC now owns 129,227 shares of the real estate investment trust's stock valued at $1,707,000 after acquiring an additional 116,039 shares in the last quarter. 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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