Two Harbors Investment (NYSE:TWO) Given "Market Outperform" Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Two Harbors Investment (NYSE:TWO - Free Report) in a research note released on Thursday, Benzinga reports. They currently have a $15.00 price target on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on the company. TheStreet cut Two Harbors Investment from a c- rating to a d rating in a research report on Tuesday, January 30th. Jonestrading began coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a hold rating on the stock. StockNews.com cut shares of Two Harbors Investment from a hold rating to a sell rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $13.50 to $12.50 and set a neutral rating on the stock in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $14.50.

Two Harbors Investment Stock Performance

NYSE TWO traded up $0.12 during trading on Thursday, hitting $11.90. 1,037,539 shares of the company's stock traded hands, compared to its average volume of 1,221,439. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.93 and a beta of 1.87. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.48. The business has a 50 day moving average of $12.67 and a 200-day moving average of $12.93.

Two Harbors Investment Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.13%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment's dividend payout ratio (DPR) is presently -90.00%.

Insider Activity

In other news, CEO William Ross Greenberg sold 7,170 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares of the company's stock, valued at $3,248,171.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Rebecca B. Sandberg sold 2,360 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the completion of the sale, the insider now owns 117,399 shares of the company's stock, valued at $1,444,007.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now directly owns 264,079 shares of the company's stock, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,752 shares of company stock valued at $169,150. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in TWO. Cambridge Investment Research Advisors Inc. raised its holdings in Two Harbors Investment by 18.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 62,766 shares of the real estate investment trust's stock worth $347,000 after purchasing an additional 9,682 shares in the last quarter. Private Advisor Group LLC bought a new position in Two Harbors Investment in the first quarter worth $68,000. MetLife Investment Management LLC raised its holdings in Two Harbors Investment by 37.5% in the first quarter. MetLife Investment Management LLC now owns 162,618 shares of the real estate investment trust's stock worth $899,000 after purchasing an additional 44,348 shares in the last quarter. Rhumbline Advisers raised its holdings in Two Harbors Investment by 1.2% in the first quarter. Rhumbline Advisers now owns 974,314 shares of the real estate investment trust's stock worth $5,388,000 after purchasing an additional 11,111 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Two Harbors Investment by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 296,479 shares of the real estate investment trust's stock valued at $1,640,000 after acquiring an additional 36,555 shares in the last quarter. Institutional investors 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.