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

Shares of Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.18.

Several analysts have recently commented on TWO shares. JMP Securities decreased their target price on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research report on Thursday, October 17th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They set a "buy" rating and a $15.00 price objective for the company. Compass Point cut their price objective on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. cut their price objective on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com lowered Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in TWO. Northwestern Mutual Wealth Management Co. boosted its holdings in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment during the third quarter valued at approximately $64,000. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment during the third quarter valued at approximately $134,000. QRG Capital Management Inc. acquired a new stake in Two Harbors Investment during the second quarter valued at approximately $144,000. Finally, AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the second quarter valued at approximately $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Down 0.3 %

NYSE TWO traded down $0.04 on Wednesday, reaching $11.73. 610,352 shares of the stock traded hands, compared to its average volume of 1,097,611. The firm's fifty day simple moving average is $12.34 and its 200 day simple moving average is $13.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment has a 12 month low of $11.28 and a 12 month high of $14.59.

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

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.35%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio is currently -37.34%.

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.