Two Harbors Investment Corp. (NYSE:TWO) Given Average Recommendation of "Moderate Buy" by Analysts

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) has been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.96.

TWO has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $14.00 price objective 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 note on Wednesday, February 5th. Royal Bank of Canada boosted their price objective 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. Compass Point cut their target price on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. boosted their price target 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 Activity

In other news, CIO Nicholas Letica sold 6,040 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were 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 owns 174,672 shares of the company's stock, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,785 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the transaction, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,136 shares of company stock worth $377,154 over the last 90 days. Company insiders own 0.61% of the company's stock.

Institutional Trading of Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Two Harbors Investment by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock valued at $135,928,000 after acquiring an additional 329,762 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Two Harbors Investment by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust's stock valued at $64,158,000 after purchasing an additional 69,725 shares during the last quarter. State Street Corp raised its holdings in shares of Two Harbors Investment by 2.7% during 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 purchasing an additional 102,294 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 48,264 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Two Harbors Investment by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock valued at $27,373,000 after buying an additional 371,436 shares during the period. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investment Price Performance

Shares of TWO traded up $0.18 during trading hours on Friday, reaching $13.86. 1,206,810 shares of the company traded hands, compared to its average volume of 1,051,975. The stock has a market capitalization of $1.44 billion, a PE ratio of 6.57 and a beta of 1.86. The stock has a fifty day simple moving average of $12.81 and a 200 day simple moving average of $12.63. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

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

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.98%. Two Harbors Investment's dividend payout ratio (DPR) is currently 85.31%.

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.