Two Harbors Investment Corp. (NYSE:TWO) Given Average Recommendation of "Moderate Buy" by Brokerages

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.14.

A number of research firms have recently issued reports on TWO. UBS Group increased their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Royal Bank of Canada dropped their target price on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday. 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. JMP Securities decreased 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 research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC boosted its stake in Two Harbors Investment by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 890 shares during the period. Sterling Capital Management LLC grew its position in 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 purchasing an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Two Harbors Investment in the 4th quarter valued at $40,000. Montag A & Associates Inc. boosted its position in shares of Two Harbors Investment by 29.2% during the 1st 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 in the last quarter. Finally, KBC Group NV raised its position in Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 3,077 shares in the last quarter. Institutional investors own 64.19% of the company's stock.

Two Harbors Investment Trading Up 1.5%

Shares of NYSE TWO traded up $0.17 during mid-day trading on Wednesday, hitting $11.12. 893,924 shares of the company traded hands, compared to its average volume of 1,242,504. The business has a 50 day moving average of $11.78 and a two-hundred day moving average of $12.20. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.27 and a beta of 1.33. Two Harbors Investment has a 1 year low of $10.16 and a 1 year high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

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 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 6.52% and a net margin of 66.24%. On average, sell-side analysts anticipate that Two Harbors Investment will post 0.81 earnings per share 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 16.19%. Two Harbors Investment's payout ratio is currently -352.94%.

Two Harbors Investment Company Profile

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.