Two Harbors Investment Corp. (NYSE:TWO) Receives $13.63 Average PT from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.54.

TWO has been the topic of several recent research reports. Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $11.50 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. StockNews.com raised Two Harbors Investment to a "sell" rating in a research note on Thursday, December 12th. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday.

Insiders Place Their Bets

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 5,025 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 156,163 shares in the company, valued at approximately $1,750,587.23. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO Nicholas Letica sold 6,040 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the sale, the executive now directly owns 174,672 shares of the company's stock, valued at $1,944,099.36. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,754 shares of company stock valued at $333,307 over the last three months. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TWO. Allspring Global Investments Holdings LLC increased its stake in Two Harbors Investment by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust's stock worth $73,303,000 after purchasing an additional 84,038 shares in the last quarter. State Street Corp increased its position in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust's stock worth $53,814,000 after acquiring an additional 102,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock valued at $33,885,000 after acquiring an additional 48,264 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Two Harbors Investment by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust's stock valued at $20,605,000 after acquiring an additional 33,852 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Two Harbors Investment by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock worth $3,583,000 after purchasing an additional 3,391 shares during the period. Institutional investors own 64.19% of the company's stock.

Two Harbors Investment Stock Performance

Shares of TWO stock traded down $0.05 during mid-day trading on Thursday, hitting $11.81. The stock had a trading volume of 623,319 shares, compared to its average volume of 1,284,043. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company's 50-day simple moving average is $11.71 and its 200-day simple moving average is $12.72. The firm has a market cap of $1.22 billion, a PE ratio of -2.45 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm earned ($0.01) EPS. Sell-side analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.25%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment's dividend payout ratio (DPR) is -37.34%.

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.