Two Harbors Investment Corp. (NYSE:TWO) Given Average Recommendation of "Hold" by Analysts

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.63.

A number of equities analysts have recently issued reports on TWO shares. StockNews.com lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday, January 31st. TheStreet lowered shares of Two Harbors Investment from a "c-" rating to a "d" rating in a report on Tuesday, January 30th. Jonestrading initiated coverage on shares of Two Harbors Investment in a report on Friday, March 22nd. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the company a "market perform" rating in a report on Wednesday, December 13th. Finally, UBS Group initiated coverage on shares of Two Harbors Investment in a report on Wednesday, December 6th. They issued a "neutral" rating and a $14.50 price objective on the stock.

Two Harbors Investment Price Performance

Shares of TWO stock traded up $0.08 during trading hours on Friday, reaching $13.24. 1,520,895 shares of the company were exchanged, compared to its average volume of 1,108,039. Two Harbors Investment has a fifty-two week low of $9.83 and a fifty-two week high of $14.72. The stock's fifty day moving average is $12.84 and its two-hundred day moving average is $13.05. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -6.62 and a beta of 1.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 13.60%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment's dividend payout ratio is -90.00%.

Insider Transactions at Two Harbors Investment

In other news, CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now owns 83,605 shares of the company's stock, valued at $1,028,341.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Two Harbors Investment news, CIO Nicholas Letica sold 5,737 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total value of $76,187.36. Following the completion of the sale, the executive now owns 114,298 shares in the company, valued at $1,517,877.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now owns 83,605 shares of the company's stock, valued at approximately $1,028,341.50. The disclosure for this sale can be found here. Insiders sold 57,417 shares of company stock valued at $763,755 over the last quarter. Corporate insiders own 0.45% of the company's stock.

Institutional Trading of Two Harbors Investment

A number of large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Two Harbors Investment by 18.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 62,766 shares of the real estate investment trust's stock worth $347,000 after buying an additional 9,682 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Two Harbors Investment during the 1st quarter worth about $68,000. MetLife Investment Management LLC lifted its stake in shares of Two Harbors Investment by 37.5% during the 1st quarter. MetLife Investment Management LLC now owns 162,618 shares of the real estate investment trust's stock worth $899,000 after buying an additional 44,348 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Two Harbors Investment by 1.2% during the 1st quarter. Rhumbline Advisers now owns 974,314 shares of the real estate investment trust's stock worth $5,388,000 after buying an additional 11,111 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Two Harbors Investment by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 296,479 shares of the real estate investment trust's stock worth $1,640,000 after buying an additional 36,555 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

About Two Harbors Investment

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.