Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.32.
Several brokerages recently issued reports on TWO. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Compass Point initiated coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price objective on the stock. StockNews.com lowered Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th. JMP Securities cut their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th.
Read Our Latest Stock Analysis on Two Harbors Investment
Institutional Investors Weigh In On Two Harbors Investment
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Two Harbors Investment by 10.7% in the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust's stock valued at $154,997,000 after acquiring an additional 1,135,012 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 valued at $73,303,000 after purchasing an additional 84,038 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock worth $11,324,000 after purchasing an additional 278,666 shares during the period. Rhumbline Advisers grew its holdings in shares of Two Harbors Investment by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust's stock worth $4,106,000 after purchasing an additional 3,408 shares during the period. Finally, Phocas Financial Corp. acquired a new stake in Two Harbors Investment during the 3rd quarter worth approximately $3,505,000. 64.19% of the stock is owned by institutional investors and hedge funds.
Two Harbors Investment Price Performance
Two Harbors Investment stock traded up $0.14 during trading hours on Friday, hitting $11.88. The stock had a trading volume of 1,125,757 shares, compared to its average volume of 1,115,413. Two Harbors Investment has a 1-year low of $11.28 and a 1-year high of $14.59. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.87. The stock's fifty day moving average is $13.10 and its two-hundred day moving average is $13.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.
Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results 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). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million for the quarter. During the same period in the prior year, the business earned ($0.01) EPS. As a group, analysts predict that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.
Two Harbors Investment Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.15%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio is currently -37.34%.
Two Harbors Investment Company Profile
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Get Free ReportTwo 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.
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