Two Harbors Investments Corp (NYSE:TWO) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Two Harbors Investments Corp (NYSE:TWO) has received a consensus rating of "Hold" from eight research firms, with five analysts recommending a hold and three a buy.
• The company's stock price target has been adjusted, with Maxim Group lowering it from $15.00 to $12.00, and UBS Group from $12.00 to $11.00, both maintaining a "buy" rating.
• Two Harbors announced a quarterly dividend of $0.34 per share with a yield of 13.9%, although its dividend payout ratio stands at -38.20%.

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.4286.

A number of research analysts have recently weighed in on TWO shares. Maxim Group cut their price objective on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. UBS Group cut their price objective on Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, September 3rd. JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, Citizens Jmp reissued a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd.

Two Harbors Investments Stock Down 0.8%

Shares of TWO stock opened at $9.77 on Tuesday. The stock's 50-day simple moving average is $10.01 and its 200-day simple moving average is $10.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $1.02 billion, a PE ratio of -2.74 and a beta of 1.28. Two Harbors Investments has a fifty-two week low of $9.49 and a fifty-two week high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The business had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. Equities analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is -38.20%.

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 8,654 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive directly owned 160,281 shares of the company's stock, valued at $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Two Harbors Investments

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in Two Harbors Investments by 68.4% during 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 in the last quarter. Montag A & Associates Inc. grew its stake in Two Harbors Investments by 29.2% during the 1st 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 in the last quarter. Motiv8 Investments LLC grew its stake in Two Harbors Investments by 10.9% during the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust's stock worth $162,000 after purchasing an additional 1,194 shares in the last quarter. Osaic Holdings Inc. grew its stake in Two Harbors Investments by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Triumph Capital Management grew its stake in Two Harbors Investments by 6.0% during the 2nd quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust's stock worth $288,000 after purchasing an additional 1,512 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments 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.

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