Two Harbors Investment Corp. (NYSE:TWO) Receives $15.04 Average Target Price from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.96.

TWO has been the subject of a number of recent analyst reports. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Compass Point assumed coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price on the stock. JMP Securities decreased their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, Janney Montgomery Scott began coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock.

Two Harbors Investment Stock Up 0.7 %

NYSE TWO opened at $13.15 on Tuesday. Two Harbors Investment has a 52 week low of $9.83 and a 52 week high of $14.59. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 7.39 and a beta of 1.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $13.58 and a two-hundred day moving average of $13.16.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, analysts predict that Two Harbors Investment will post 0.46 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 13.69%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Two Harbors Investment by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after purchasing an additional 84,038 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of Two Harbors Investment during the third quarter valued at about $173,000. LifePro Asset Management raised its position in shares of Two Harbors Investment by 30.9% in the 3rd quarter. LifePro Asset Management now owns 201,792 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 47,689 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Two Harbors Investment by 12.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.