Brokerages Set Two Harbors Investments Corp (NYSE:TWO) Target Price at $12.50

Shares of Two Harbors Investments Corp (NYSE:TWO) have received a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.50.

TWO has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $12.50 to $11.00 in a report on Thursday, April 16th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th.

Two Harbors Investments Price Performance

Shares of TWO opened at $12.09 on Thursday. The stock has a market cap of $1.27 billion, a P/E ratio of -3.16 and a beta of 1.03. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The stock’s 50-day moving average price is $12.32 and its two-hundred day moving average price is $11.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to the consensus estimate of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. On average, equities analysts predict that Two Harbors Investments will post 0.8 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.

Institutional Trading of Two Harbors Investments

A number of large investors have recently bought and sold shares of TWO. GAMMA Investing LLC raised its holdings in Two Harbors Investments by 37.8% during the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 1,964 shares during the period. Ballast Advisors LLC acquired a new position in shares of Two Harbors Investments in the first quarter valued at approximately $50,000. Amundi increased its position in shares of Two Harbors Investments by 63.9% during the first quarter. Amundi now owns 19,420 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 7,568 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Two Harbors Investments by 47.7% during the first quarter. California State Teachers Retirement System now owns 141,286 shares of the real estate investment trust’s stock worth $1,613,000 after acquiring an additional 45,602 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Two Harbors Investments by 243.0% during the first quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after acquiring an additional 98,987 shares during the period. 64.19% of the stock is owned by institutional investors.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.