Shares of Two Harbors Investment (NYSE:TWO) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.75.
A number of brokerages have commented on TWO. B. Riley set a $17.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, ValuEngine cut shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
TWO traded down $0.08 during midday trading on Friday, reaching $15.52. 3,243,897 shares of the company’s stock were exchanged, compared to its average volume of 2,088,162. The stock has a market cap of $2,736.85, a price-to-earnings ratio of 7.47 and a beta of 0.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. Two Harbors Investment has a one year low of $13.85 and a one year high of $17.29.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $100.31 million during the quarter, compared to analysts’ expectations of $112.40 million. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.60%. During the same quarter last year, the company earned $0.24 earnings per share. equities research analysts expect that Two Harbors Investment will post 1.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date of this dividend is Thursday, March 29th. Two Harbors Investment’s dividend payout ratio is 90.38%.
In other news, General Counsel Rebecca B. Sandberg sold 9,308 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.16, for a total transaction of $141,109.28. Following the completion of the sale, the general counsel now owns 128,308 shares of the company’s stock, valued at $1,945,149.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brad Farrell sold 24,761 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.17, for a total transaction of $375,624.37. Following the sale, the chief financial officer now directly owns 284,978 shares of the company’s stock, valued at approximately $4,323,116.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,903 shares of company stock valued at $1,241,847. Corporate insiders own 1.41% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TWO. The Manufacturers Life Insurance Company increased its holdings in shares of Two Harbors Investment by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 718 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Two Harbors Investment by 3.6% in the third quarter. New York State Common Retirement Fund now owns 888,287 shares of the real estate investment trust’s stock valued at $8,954,000 after purchasing an additional 31,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Two Harbors Investment in the third quarter valued at approximately $340,000. Legal & General Group Plc increased its holdings in shares of Two Harbors Investment by 9.7% in the third quarter. Legal & General Group Plc now owns 376,473 shares of the real estate investment trust’s stock valued at $3,795,000 after purchasing an additional 33,302 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Two Harbors Investment by 6.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,954,726 shares of the real estate investment trust’s stock valued at $19,704,000 after purchasing an additional 117,400 shares in the last quarter. 68.28% of the stock is owned by institutional investors.
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About Two Harbors Investment
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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