Two Harbors Investment Corp. (NYSE:TWO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.81.

A number of analysts have recently issued reports on TWO shares. Royal Bank of Canada boosted their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. JMP Securities restated a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods dropped their price objective on Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 31st.

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Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 3,014 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the transaction, the insider now owns 149,364 shares of the company's stock, valued at approximately $1,678,851.36. This represents a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now owns 168,935 shares of the company's stock, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,163 shares of company stock worth $154,005. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Simplify Asset Management Inc. increased its stake in Two Harbors Investment by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after buying an additional 1,000 shares during the period. Sei Investments Co. lifted its position in Two Harbors Investment by 1.3% during the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock worth $1,656,000 after acquiring an additional 1,770 shares during the period. MetLife Investment Management LLC grew its stake in shares of Two Harbors Investment by 4.0% in the 4th quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 2,384 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Two Harbors Investment by 818.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 2,963 shares during the period. Finally, KBC Group NV lifted its stake in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 3,077 shares during the period. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investment Price Performance

TWO stock traded up $0.01 during trading on Tuesday, hitting $10.73. 2,478,577 shares of the company's stock traded hands, compared to its average volume of 1,172,706. Two Harbors Investment has a 52 week low of $10.16 and a 52 week high of $14.28. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.08 and a beta of 1.36. The business has a fifty day simple moving average of $13.16 and a 200 day simple moving average of $12.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09.

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

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.78%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment's payout ratio is currently 85.31%.

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.