Two Harbors Investment (NYSE:TWO - Free Report) had its target price reduced by Royal Bank of Canada from $13.00 to $12.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust's stock.
TWO has been the subject of several other reports. Wall Street Zen lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JMP Securities lowered their target price on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods boosted 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. Finally, UBS Group raised their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.14.
Check Out Our Latest Stock Analysis on Two Harbors Investment
Two Harbors Investment Stock Down 4.7%
TWO traded down $0.52 on Wednesday, hitting $10.60. The company had a trading volume of 3,471,078 shares, compared to its average volume of 1,255,758. The stock has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $12.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The firm has a market capitalization of $1.10 billion, a P/E ratio of 5.02 and a beta of 1.33. Two Harbors Investment has a 52-week low of $10.16 and a 52-week high of $14.28.
Two Harbors Investment (NYSE:TWO - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of ($20.33) million during the quarter, compared to analysts' expectations of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities analysts expect that Two Harbors Investment will post 0.81 EPS for the current fiscal year.
Two Harbors Investment Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 16.98%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's dividend payout ratio is currently -352.94%.
Institutional Trading of Two Harbors Investment
Large investors have recently made changes to their positions in the stock. CWM LLC grew its position in Two Harbors Investment by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 890 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Two Harbors Investment by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after buying an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Two Harbors Investment in the fourth quarter worth $40,000. Montag A & Associates Inc. increased its position in Two Harbors Investment by 29.2% during the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 1,193 shares during the last quarter. Finally, KBC Group NV increased its position in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 3,077 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.
Two Harbors Investment Company Profile
(
Get Free Report)
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.
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