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

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.96.

Several research analysts recently weighed in on TWO shares. JPMorgan Chase & Co. boosted their target price on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price 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. Compass Point dropped their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd.

Insider Activity

In other news, CIO Nicholas Letica sold 3,956 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $44,346.76. Following the completion of the transaction, the executive now owns 180,712 shares of the company’s stock, valued at $2,025,781.52. The trade was a 2.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.14, for a total value of $42,164.90. Following the completion of the transaction, the insider now directly owns 152,378 shares of the company’s stock, valued at approximately $1,697,490.92. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock valued at $377,154 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Two Harbors Investment by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after purchasing an additional 329,762 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Two Harbors Investment by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after purchasing an additional 69,725 shares in the last quarter. State Street Corp increased its stake in shares of Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after purchasing an additional 102,294 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Two Harbors Investment by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock valued at $27,373,000 after purchasing an additional 371,436 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Up 0.5 %

Shares of NYSE:TWO opened at $13.77 on Monday. Two Harbors Investment has a 12-month low of $10.84 and a 12-month high of $14.27. The business’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $12.62. The company has a market capitalization of $1.43 billion, a PE ratio of 6.52 and a beta of 1.84. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities research analysts predict that Two Harbors Investment will post 0.81 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 Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.08%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Two Harbors Investment Company Profile

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.