Royal Bank of Canada Has Lowered Expectations for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO - Free Report) had its target price cut by Royal Bank of Canada from $14.00 to $12.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust's stock.

A number of other equities research analysts have also recently issued reports on the stock. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a "buy" rating and a $15.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Wednesday. StockNews.com downgraded Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Tuesday. JMP Securities decreased their target price on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research report on Thursday, October 17th. Finally, Compass Point assumed coverage on shares of Two Harbors Investment in a research report on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.32.

Two Harbors Investment Stock Down 0.8 %

Shares of TWO traded down $0.10 during midday trading on Friday, reaching $11.41. 1,505,606 shares of the stock were exchanged, compared to its average volume of 1,110,802. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 1.85. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 12-month low of $11.37 and a 12-month high of $14.59. The firm has a 50 day simple moving average of $13.34 and a 200-day simple moving average of $13.17.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Research analysts forecast that Two Harbors Investment will post 0.7 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.78%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio (DPR) is currently -37.34%.

Institutional Trading of Two Harbors Investment

A number of hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Two Harbors Investment by 1,680.0% during 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 buying an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Two Harbors Investment by 38.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust's stock valued at $115,000 after acquiring an additional 2,306 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Two Harbors Investment in the 2nd quarter worth approximately $144,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth approximately $147,000. Finally, Legacy Financial Strategies LLC acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth approximately $170,000. 64.19% of the stock is owned by institutional investors.

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.