Analysts Set Two Harbors Investments Corp (NYSE:TWO) Target Price at $12.75

Two Harbors Investments Corp (NYSE:TWO) has earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of research firms have issued reports on TWO. Weiss Ratings reissued a “sell (d+)” rating on shares of Two Harbors Investments in a research note on Friday, July 24th. Compass Point reaffirmed a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Royal Bank Of Canada increased their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Finally, Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently bought and sold shares of the stock. Quarry LP increased its stake in Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,991 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Two Harbors Investments in the 3rd quarter worth approximately $42,000. Ballast Advisors LLC bought a new position in shares of Two Harbors Investments in the first quarter valued at approximately $50,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Two Harbors Investments during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Trading Down 0.0%

Two Harbors Investments stock opened at $12.09 on Monday. The firm’s 50-day moving average is $12.25 and its 200-day moving average is $11.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The company has a market cap of $1.27 billion, a P/E ratio of -16.33 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. On average, equities analysts expect that Two Harbors Investments will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s payout ratio is currently -66.22%.

Two Harbors Investments Company Profile

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.