Two Harbors Investments Corp (NYSE:TWO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.14.

Several analysts recently weighed in on TWO shares. JMP Securities decreased their price objective on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Wall Street Zen lowered Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada cut their target price on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group lifted their target price on Two Harbors Investments from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

Hedge Funds Weigh In On Two Harbors Investments

Several hedge funds have recently modified their holdings of TWO. Rhumbline Advisers increased its holdings in shares of Two Harbors Investments by 4.1% during the fourth quarter. Rhumbline Advisers now owns 309,648 shares of the real estate investment trust's stock valued at $3,663,000 after acquiring an additional 12,125 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Two Harbors Investments by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 502,666 shares of the real estate investment trust's stock valued at $5,947,000 after acquiring an additional 14,162 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Two Harbors Investments by 15.7% during the fourth quarter. Handelsbanken Fonder AB now owns 36,049 shares of the real estate investment trust's stock valued at $426,000 after acquiring an additional 4,900 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Two Harbors Investments by 6.7% during the fourth quarter. Bank of New York Mellon Corp now owns 746,985 shares of the real estate investment trust's stock valued at $8,837,000 after acquiring an additional 46,946 shares in the last quarter. Finally, GraniteShares Advisors LLC acquired a new position in shares of Two Harbors Investments during the fourth quarter valued at about $2,476,000. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Stock Performance

TWO stock opened at $10.44 on Friday. 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 business has a 50-day moving average price of $11.25 and a 200 day moving average price of $12.09. The company has a market capitalization of $1.09 billion, a P/E ratio of -20.46 and a beta of 1.27. Two Harbors Investments has a 1-year low of $10.16 and a 1-year high of $14.28.

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

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 14.95%. Two Harbors Investments's dividend payout ratio (DPR) is currently -352.94%.

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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