Brokerages Set Two Harbors Investments Corp (NYSE:TWO) Price Target at $12.36

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.3571.

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 report on Wednesday, October 8th. Wall Street Zen raised Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upped their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. UBS Group decreased their target price on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Finally, Maxim Group decreased their target price on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Two Harbors Investments by 12.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,627 shares of the real estate investment trust’s stock valued at $11,899,000 after purchasing an additional 100,311 shares in the last quarter. LPL Financial LLC grew its position in shares of Two Harbors Investments by 36.7% during the first quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 43,253 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Two Harbors Investments by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 328,814 shares of the real estate investment trust’s stock worth $4,393,000 after buying an additional 70,584 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Two Harbors Investments by 44.5% during the first quarter. New York State Teachers Retirement System now owns 33,831 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 10,414 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Two Harbors Investments by 95.7% during the first quarter. PNC Financial Services Group Inc. now owns 13,615 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 6,658 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

TWO stock opened at $9.72 on Friday. The stock has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $10.45. Two Harbors Investments has a 12-month low of $9.30 and a 12-month high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.01 billion, a PE ratio of -3.89 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%.The firm had revenue of ($23.50) million during the quarter. As a group, research analysts predict that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.36 annualized dividend and a dividend yield of 14.0%. Two Harbors Investments’s dividend payout ratio is presently -54.40%.

About Two Harbors Investments

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.