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

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned an average recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.50.

Several analysts have commented on TWO shares. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. 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. Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. cut shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th.

Two Harbors Investments Stock Down 0.4%

Shares of Two Harbors Investments stock opened at $12.36 on Thursday. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $12.21 and a two-hundred day moving average of $11.51. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The business had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. As a group, equities analysts predict that Two Harbors Investments will post 0.8 EPS for the current year.

Two Harbors Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Thursday, July 2nd. Two Harbors Investments’s payout ratio is -35.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its position in Two Harbors Investments by 45.3% in the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after buying an additional 1,415,062 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Two Harbors Investments by 490.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after acquiring an additional 2,977,196 shares during the last quarter. Invesco Ltd. boosted its position in Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after acquiring an additional 815,931 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Two Harbors Investments by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock worth $26,098,000 after acquiring an additional 21,212 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Two Harbors Investments during the 4th quarter worth approximately $23,886,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.