Two Harbors Investments Corp (NYSE:TWO) Receives $13.00 Consensus PT from Brokerages

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) has been given an average rating of "Hold" by the eight research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.00.

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. UBS Group lowered their target price on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd.

Institutional Trading of Two Harbors Investments

A number of institutional investors have recently bought and sold shares of TWO. CWM LLC increased its stake in Two Harbors Investments by 68.4% in the first 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 increased its stake in Two Harbors Investments by 818.5% in the fourth 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 period. Murphy & Mullick Capital Management Corp purchased a new stake in Two Harbors Investments in the fourth quarter worth $40,000. Montag A & Associates Inc. increased its stake in Two Harbors Investments by 29.2% in the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 1,193 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 233.0% in the first quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 4,552 shares during the period. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Price Performance

TWO stock traded down $0.14 during midday trading on Thursday, hitting $10.01. The company's stock had a trading volume of 2,556,411 shares, compared to its average volume of 1,384,879. Two Harbors Investments has a 12 month low of $9.98 and a 12 month high of $14.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -19.62 and a beta of 1.26. The company has a 50 day moving average of $10.89 and a two-hundred day moving average of $11.92.

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

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.59%. Two Harbors Investments's dividend payout ratio 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.