Two Harbors Investments Corp (NYSE:TWO) Receives $11.96 Consensus PT from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.9583.

Several research firms have weighed in on TWO. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Zacks Research lowered Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Maxim Group cut Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th.

Insider Activity

In other Two Harbors Investments news, CFO William Dellal sold 7,087 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $11.44, for a total transaction of $81,075.28. Following the transaction, the chief financial officer owned 36,703 shares in the company, valued at $419,882.32. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Rush sold 23,594 shares of Two Harbors Investments stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.43, for a total value of $269,679.42. Following the completion of the transaction, the insider directly owned 98,207 shares of the company’s stock, valued at $1,122,506.01. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 124,307 shares of company stock worth $1,420,130. Insiders own 0.70% of the company’s stock.

Institutional Trading of Two Harbors Investments

Several large investors have recently modified their holdings of TWO. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Two Harbors Investments in the third quarter valued at about $25,000. Quarry LP raised its position in shares of Two Harbors Investments by 695.6% in 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 in the last quarter. AlphaQuest LLC lifted its holdings in shares of Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,380 shares during the period. Advisory Services Network LLC bought a new stake in shares of Two Harbors Investments during the 3rd quarter worth approximately $42,000. Finally, CWM LLC boosted its position in shares of Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Trading Up 11.9%

TWO stock opened at $12.24 on Thursday. Two Harbors Investments has a one year low of $9.30 and a one year high of $14.28. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -4.90 and a beta of 1.19. The company has a fifty day moving average price of $10.25 and a two-hundred day moving average price of $10.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. Equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Monday, January 5th will be paid a $0.34 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.36 annualized dividend and a yield of 11.1%. Two Harbors Investments’s payout ratio is -54.40%.

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.