Citizens Jmp Reaffirms Market Perform Rating for Two Harbors Investments (NYSE:TWO)

Citizens Jmp reiterated their market perform rating on shares of Two Harbors Investments (NYSE:TWO) in a research report released on Thursday morning, MarketBeat.com reports.

Several other brokerages have also recently issued reports on TWO. Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. UBS Group boosted their price target on shares of Two Harbors Investments from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods boosted their price target on shares of Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. JMP Securities reduced their price target on shares of Two Harbors Investments from $14.00 to $13.50 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investments currently has a consensus rating of “Hold” and a consensus target price of $13.14.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO opened at $10.58 on Thursday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -20.73 and a beta of 1.26. The company has a 50-day moving average price of $11.15 and a 200-day moving average price of $12.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments has a 12 month low of $10.16 and a 12 month high of $14.28.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investments had a net margin of 3.50% and a return on equity of 8.06%. As a group, equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 14.75%. The ex-dividend date is Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio (DPR) is presently -305.88%.

Institutional Investors Weigh In On Two Harbors Investments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Howard Financial Services LTD. grew its holdings in Two Harbors Investments by 54.6% in the second quarter. Howard Financial Services LTD. now owns 25,477 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 8,993 shares during the period. Strs Ohio purchased a new stake in Two Harbors Investments in the first quarter worth about $255,000. Intech Investment Management LLC grew its holdings in Two Harbors Investments by 54.4% in the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 32,361 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Two Harbors Investments by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock worth $1,933,000 after purchasing an additional 28,535 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Two Harbors Investments in the first quarter worth about $1,627,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

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.