Two Harbors Investment Corp. (NYSE:TWO) Receives $13.29 Consensus Target Price from Analysts

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have 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 $13.14.

TWO has been the subject of a number of analyst reports. JMP Securities decreased their price objective on 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. UBS Group lifted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wall Street Zen cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their target price 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. Finally, JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Two Harbors Investment Trading Down 4.7%

TWO stock traded down $0.52 during mid-day trading on Wednesday, reaching $10.60. 3,471,078 shares of the stock traded hands, compared to its average volume of 1,255,758. The business has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $12.19. The stock has a market capitalization of $1.10 billion, a PE ratio of 5.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment has a one year low of $10.16 and a one year high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of ($20.33) million for 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%. Equities research analysts expect that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

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

Institutional Trading of Two Harbors Investment

Several hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Two Harbors Investment during the first quarter valued at approximately $255,000. Intech Investment Management LLC grew its stake in shares of Two Harbors Investment by 54.4% during the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust's stock worth $1,227,000 after purchasing an additional 32,361 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Two Harbors Investment by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust's stock worth $1,933,000 after purchasing an additional 28,535 shares during the period. Caxton Associates LLP acquired a new position in Two Harbors Investment in the first quarter valued at about $1,627,000. Finally, Millennium Management LLC increased its stake in Two Harbors Investment by 10.6% during the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust's stock worth $16,119,000 after purchasing an additional 115,698 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.