Two Harbors Investments Corp (NYSE:TWO) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Two Harbors Investments Corp (NYSE:TWO) have received a consensus rating of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.25.

TWO has been the subject of a number of recent research reports. Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Compass Point downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research report on Friday, March 27th. Finally, UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $11.00 to $14.00 in a research report on Friday, January 23rd.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently modified their holdings of the business. Quarry LP grew its position in shares of 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 last quarter. Smartleaf Asset Management LLC grew its position in shares of Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Two Harbors Investments during the 3rd quarter valued at about $42,000. CWM LLC grew its position in Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 4,482 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in Two Harbors Investments in the 4th quarter worth about $68,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

TWO opened at $12.67 on Wednesday. The company has a 50-day moving average of $10.86 and a 200-day moving average of $10.86. The company has a market capitalization of $1.33 billion, a P/E ratio of -3.32 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 company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The company had revenue of $225.08 million during 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%. Equities analysts expect that Two Harbors Investments will post 0.8 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend was Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio is currently -35.60%.

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.