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

Shares of Two Harbors Investments Corp (NYSE:TWO - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.14.

TWO has been the topic of several recent research reports. Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. UBS Group upped their target price on shares of Two Harbors Investments from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price target on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. JMP Securities lowered their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.

Institutional Trading of Two Harbors Investments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Balyasny Asset Management L.P. lifted its position in Two Harbors Investments by 19.1% in the fourth 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 acquiring an additional 371,436 shares during the last quarter. Invesco Ltd. boosted its stake in Two Harbors Investments by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock valued at $25,491,000 after acquiring an additional 478,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Two Harbors Investments by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust's stock worth $18,247,000 after purchasing an additional 57,915 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Two Harbors Investments by 13.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock worth $16,227,000 after purchasing an additional 164,452 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Stock Down 0.7%

Two Harbors Investments stock traded down $0.07 during mid-day trading on Friday, reaching $10.43. 1,394,469 shares of the company's stock were exchanged, compared to its average volume of 1,307,425. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments has a twelve month low of $10.16 and a twelve month high of $14.28. The company has a market cap of $1.09 billion, a P/E ratio of -20.45 and a beta of 1.27. The company has a fifty day moving average of $11.23 and a 200-day moving average of $12.07.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of ($20.33) million for the quarter, compared to analysts' expectations of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. Sell-side 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. Shareholders 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 14.96%. Two Harbors Investments's dividend payout ratio is currently -352.94%.

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.