Royal Bank of Canada Boosts Two Harbors Investment (NYSE:TWO) Price Target to $13.00

Two Harbors Investment (NYSE:TWO - Free Report) had its price objective increased by Royal Bank of Canada from $12.00 to $13.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

Other equities research analysts also recently issued research reports about the stock. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research report on Monday, November 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.96.

Two Harbors Investment Stock Performance

Shares of TWO traded up $0.14 during mid-day trading on Thursday, hitting $13.53. 627,431 shares of the company's stock were exchanged, compared to its average volume of 1,228,369. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.40 billion, a P/E ratio of 6.41 and a beta of 1.84. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The business's 50 day moving average is $12.03 and its two-hundred day moving average is $12.60.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, equities analysts expect that Two Harbors Investment will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.31%. Two Harbors Investment's dividend payout ratio (DPR) is 85.31%.

Insider Transactions at Two Harbors Investment

In other news, CIO Nicholas Letica sold 3,956 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares of the company's stock, valued at $2,025,781.52. This trade represents a 2.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rebecca B. Sandberg sold 5,025 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the transaction, the insider now directly owns 156,163 shares of the company's stock, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock valued at $377,154 in the last ninety days. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. purchased a new stake in Two Harbors Investment in the 3rd quarter worth approximately $3,505,000. Geode Capital Management LLC grew its stake in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after acquiring an additional 48,264 shares during the period. Barclays PLC grew its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after acquiring an additional 133,869 shares during the period. International Assets Investment Management LLC grew its stake in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust's stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at $217,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.