Two Harbors Investments Corp (NYSE:TWO) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Two Harbors Investments Corp has received an average recommendation of "Hold" from nine brokerages, with one sell rating, five hold ratings, and three buy ratings, and an average price target of $12.3571.
• Insider activity includes CIO Nicholas Letica selling 8,654 shares at an average price of $10.02, reducing his stake by 5.12% while still retaining 160,281 shares valued around $1.6 million.
• The company recently announced a quarterly dividend of $0.34 per share, representing an annualized dividend of $1.36, with a yield of 13.8%, despite a payout ratio currently at -38.20%.

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) has earned an average recommendation of "Hold" from the nine brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.3571.

Several research analysts have issued reports on the company. UBS Group reduced 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 reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Maxim Group dropped their target price on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of Two Harbors Investments in a research report on Friday. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd.

Insider Activity at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares in the company, valued at approximately $1,606,015.62. The trade was a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Institutional Trading of Two Harbors Investments

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in shares of Two Harbors Investments by 166.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 47,599 shares of the real estate investment trust's stock valued at $470,000 after acquiring an additional 29,712 shares during the last quarter. APS Management Group Inc. bought a new stake in shares of Two Harbors Investments in the 3rd quarter valued at $273,000. GraniteShares Advisors LLC increased its position in shares of Two Harbors Investments by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 260,610 shares of the real estate investment trust's stock valued at $2,572,000 after buying an additional 22,950 shares in the last quarter. CWM LLC increased its position in shares of Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 4,482 shares in the last quarter. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of Two Harbors Investments in the 3rd quarter valued at $112,000. Institutional investors own 64.19% of the company's stock.

Two Harbors Investments Stock Up 0.6%

NYSE:TWO opened at $9.83 on Friday. The stock's fifty day moving average price is $9.90 and its two-hundred day moving average price is $10.50. Two Harbors Investments has a 52-week low of $9.49 and a 52-week high of $14.28. 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 company has a market cap of $1.02 billion, a price-to-earnings ratio of -2.76 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The firm had revenue of ($18.67) million for the quarter. On average, analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.34 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.36 annualized dividend and a dividend yield of 13.8%. Two Harbors Investments's payout ratio is presently -38.20%.

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.

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