Analysts Set Two Harbors Investments Corp (NYSE:TWO) PT at $13.00

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) has been given a consensus rating of "Hold" by the eight analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.00.

Several brokerages have recently commented on TWO. Royal Bank Of Canada lowered their price target on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, UBS Group decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, July 10th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Two Harbors Investments by 1,052.4% in the 4th quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock valued at $12,905,000 after buying an additional 996,188 shares during the period. Invesco Ltd. increased its holdings in Two Harbors Investments by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock valued at $25,491,000 after buying an additional 478,958 shares during the period. Balyasny Asset Management L.P. increased its holdings in Two Harbors Investments by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock valued at $27,373,000 after buying an additional 371,436 shares during the period. Vanguard Group Inc. increased its holdings in Two Harbors Investments by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock valued at $135,928,000 after buying an additional 329,762 shares during the period. Finally, Norges Bank bought a new position in Two Harbors Investments in the 4th quarter valued at about $3,898,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investments Stock Performance

NYSE:TWO traded down $0.13 during midday trading on Thursday, reaching $9.87. The stock had a trading volume of 3,854,978 shares, compared to its average volume of 1,399,007. Two Harbors Investments has a 1-year low of $9.76 and a 1-year high of $14.28. The firm's fifty day simple moving average is $10.82 and its 200-day simple moving average is $11.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $1.03 billion, a P/E ratio of -19.35 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings results 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). Two Harbors Investments had a net margin of 3.50% and a return on equity of 8.06%. The company had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. On average, equities research analysts forecast that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 15.81%. Two Harbors Investments's dividend payout ratio (DPR) is presently -305.88%.

About Two Harbors Investments

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.