Two Harbors Investments Corp (NYSE:TWO) Receives Average Rating of “Reduce” from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have received an average rating of “Reduce” from the eight analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.8750.

Several equities research analysts have commented on TWO shares. Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. lowered their target price on Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $14.00 in a research report on Friday, January 23rd.

Two Harbors Investments Price Performance

Shares of TWO opened at $10.57 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Two Harbors Investments has a twelve month low of $9.00 and a twelve month high of $14.28. The stock has a market capitalization of $1.11 billion, a P/E ratio of -2.16 and a beta of 1.19. The company has a 50 day moving average of $11.66 and a 200-day moving average of $10.52.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%.The business had revenue of $182.18 million during the quarter, compared to the consensus estimate of ($15.44) million. As a group, equities research analysts forecast that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Monday, January 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Monday, January 5th. Two Harbors Investments’s dividend payout ratio is -27.81%.

Insider Transactions at Two Harbors Investments

In other news, insider Alecia Hanson sold 10,768 shares of Two Harbors Investments stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.41, for a total value of $122,862.88. Following the completion of the transaction, the insider owned 45,288 shares of the company’s stock, valued at $516,736.08. This trade represents a 19.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rebecca B. Sandberg sold 27,370 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.43, for a total transaction of $312,839.10. Following the transaction, the insider owned 156,718 shares in the company, valued at $1,791,286.74. This represents a 14.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,389 shares of company stock valued at $1,483,046. 0.70% of the stock is owned by company insiders.

Institutional Trading of Two Harbors Investments

Institutional investors and hedge funds have recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Two Harbors Investments in the third quarter valued at approximately $25,000. Quarry LP raised its stake in 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 acquiring an additional 2,991 shares during the period. AlphaQuest LLC raised its stake in Two Harbors Investments by 240.4% in the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,380 shares during the period. Smartleaf Asset Management LLC lifted its holdings in 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 purchasing an additional 981 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Two Harbors Investments during the third quarter worth $42,000. Institutional investors own 64.19% of the company’s stock.

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.