Two Harbors Investment Corp. (NYSE:TWO) Receives Average Rating of “Hold” from Brokerages

Two Harbors Investment Corp. (NYSE:TWO) has received an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.50.

Several research analysts have recently issued reports on the company. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Jonestrading assumed coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They issued a “hold” rating for the company. TheStreet lowered shares of Two Harbors Investment from a “c-” rating to a “d” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Thursday, April 18th.

Two Harbors Investment Stock Performance

Shares of TWO opened at $12.61 on Tuesday. The business has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $12.95. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.27%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -90.00%.

Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,360 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $29,028.00. Following the sale, the insider now owns 117,399 shares in the company, valued at approximately $1,444,007.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $29,028.00. Following the transaction, the insider now owns 117,399 shares in the company, valued at approximately $1,444,007.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock valued at $169,150. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its holdings in shares of Two Harbors Investment by 83.2% during the third quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust’s stock valued at $10,207,000 after acquiring an additional 350,060 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Two Harbors Investment by 44.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 52,835 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 16,271 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Two Harbors Investment by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,236,922 shares of the real estate investment trust’s stock worth $16,377,000 after buying an additional 96,057 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Two Harbors Investment by 1,208.2% in the fourth quarter. International Assets Investment Management LLC now owns 175,851 shares of the real estate investment trust’s stock valued at $2,450,000 after buying an additional 162,409 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Two Harbors Investment by 151.8% during the third quarter. Algert Global LLC now owns 107,978 shares of the real estate investment trust’s stock valued at $1,430,000 after buying an additional 65,100 shares during the last quarter. 64.19% of the stock is owned by institutional investors.

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.