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

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Three research 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 brokers that have updated their coverage on the stock in the last year is $13.96.

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped 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. Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock 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. Finally, Compass Point dropped their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research report on Monday, November 25th.

Two Harbors Investment Stock Performance

Shares of TWO stock traded up $0.14 during mid-day trading on Monday, reaching $13.69. The stock had a trading volume of 803,731 shares, compared to its average volume of 1,262,597. Two Harbors Investment has a one year low of $10.84 and a one year high of $14.27. The firm has a market cap of $1.42 billion, a PE ratio of 6.49 and a beta of 1.84. The firm's 50 day simple moving average is $12.12 and its 200 day simple moving average is $12.61. 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 earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, analysts forecast that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.15%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment's dividend payout ratio is presently 85.31%.

Insider Activity at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the firm's stock in a transaction 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 transaction, the executive now directly owns 174,672 shares of the company's stock, valued at $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,136 shares of company stock worth $377,154. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Two Harbors Investment by 1.6% in the third 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 acquiring an additional 84,038 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust's stock valued at $2,685,000 after purchasing an additional 180,516 shares during the period. QRG Capital Management Inc. grew its position in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock worth $168,000 after purchasing an additional 1,230 shares in the last quarter. Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment during the third quarter worth approximately $134,000. Finally, Quest Partners LLC acquired a new stake in shares of Two Harbors Investment in the third quarter valued at approximately $308,000. Institutional investors own 64.19% of the company's stock.

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.