Royal Bank of Canada Has Lowered Expectations for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO - Free Report) had its target price decreased by Royal Bank of Canada from $13.00 to $12.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust's stock.

A number of other analysts also recently issued reports on TWO. Keefe, Bruyette & Woods raised their price target on Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. JMP Securities dropped their price target on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. UBS Group boosted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.14.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded down $0.52 during midday trading on Wednesday, hitting $10.60. The stock had a trading volume of 3,471,078 shares, compared to its average volume of 1,254,381. Two Harbors Investment has a 52-week low of $10.16 and a 52-week high of $14.28. The company has a market capitalization of $1.10 billion, a PE ratio of 5.02 and a beta of 1.33. The firm's fifty day moving average is $11.73 and its two-hundred day moving average is $12.19. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The business had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, research analysts forecast that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 16.98%. The ex-dividend date of this dividend was Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is -352.94%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Two Harbors Investment during the fourth quarter valued at about $172,000. Van ECK Associates Corp boosted its holdings in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock valued at $10,564,000 after buying an additional 149,870 shares in the last quarter. Northern Trust Corp grew its position in shares of Two Harbors Investment by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock worth $13,978,000 after buying an additional 65,194 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Two Harbors Investment by 97.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock worth $687,000 after acquiring an additional 28,607 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.