Two Harbors Investment Corp. (NYSE:TWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.90.

Several analysts have recently commented on TWO shares. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Finally, UBS Group upgraded Two Harbors Investment from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.50 to $14.50 in a research report on Friday, June 7th.

Two Harbors Investment Stock Performance

Shares of TWO opened at $14.16 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day moving average of $13.48 and a two-hundred day moving average of $12.99. The stock has a market cap of $1.47 billion, a P/E ratio of 7.96 and a beta of 1.86. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The firm had revenue of $115.95 million during the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts predict that Two Harbors Investment will post 0.46 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, July 5th were issued a $0.45 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.80 dividend on an annualized basis and a yield of 12.71%. Two Harbors Investment’s payout ratio is 101.12%.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after buying an additional 1,135,012 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Two Harbors Investment by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after acquiring an additional 801,837 shares during the period. Great Lakes Advisors LLC purchased a new position in Two Harbors Investment during the fourth quarter valued at $9,413,000. Norges Bank acquired a new stake in shares of Two Harbors Investment in the fourth quarter valued at about $8,829,000. Finally, Van ECK Associates Corp increased its stake in shares of Two Harbors Investment by 48.2% during the second 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 in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

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.