Two Harbors Investments' (TWO) "Market Perform" Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market perform rating on shares of Two Harbors Investments (NYSE:TWO - Free Report) in a report issued on Thursday morning, MarketBeat reports.

Several other research firms have also recently commented on TWO. JPMorgan Chase & Co. decreased their target price on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada decreased their target price on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods raised their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. JMP Securities reduced their price objective on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Two Harbors Investments has an average rating of "Hold" and an average price target of $13.14.

Two Harbors Investments Trading Down 4.0%

Shares of TWO stock traded down $0.45 on Thursday, hitting $10.58. The company had a trading volume of 2,455,261 shares, compared to its average volume of 1,342,900. The firm has a market cap of $1.10 billion, a P/E ratio of -20.73 and a beta of 1.26. The stock's 50-day moving average is $11.15 and its two-hundred day moving average is $12.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. Two Harbors Investments has a twelve month low of $10.16 and a twelve month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The business had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. On average, equities research analysts anticipate that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd will be issued 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 dividend yield of 14.75%. Two Harbors Investments's dividend payout ratio is presently -305.88%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of 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 valued at $29,000 after purchasing an additional 890 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of 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 valued at $39,000 after purchasing an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Two Harbors Investments in the fourth quarter valued at approximately $40,000. Montag A & Associates Inc. lifted its holdings in shares of 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 valued at $71,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 valued at $86,000 after purchasing an additional 4,552 shares in the last quarter. Institutional investors own 64.19% of the company's stock.

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.